New Trade Facilitation Committee Aims to Boost Global Commerce

New Trade Facilitation Committee Aims to Boost Global Commerce

The Committee on Trade Facilitation (CTF) promotes the implementation of trade facilitation agreements, reduces trade barriers, and enhances efficiency. It faces challenges and requires strengthened cooperation and targeted assistance to ensure effective implementation. The CTF plays a crucial role in streamlining cross-border trade, benefiting businesses of all sizes, and contributing to global economic growth. Further efforts are needed to address remaining obstacles and maximize the positive impact of trade facilitation measures, especially for developing countries.

02/05/2026 Customs Knowledge
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China Proposes Risk Reforms to Boost Global Trade

China Proposes Risk Reforms to Boost Global Trade

In 2007, China proposed to the WTO to promote trade facilitation through risk management. The proposal advocated for reduced inspections, differentiated treatment, and adherence to non-discrimination principles. It also emphasized the importance of addressing the needs of developing countries in the context of trade facilitation. The core idea centered on leveraging risk management techniques to streamline customs procedures and enhance international trade efficiency, while ensuring fairness and inclusivity for all WTO members, particularly those with limited resources.

02/05/2026 Customs Knowledge
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Jiangsu Firms Expand in Thailand Via Taxinclusive Shipping Reforms

Jiangsu Firms Expand in Thailand Via Taxinclusive Shipping Reforms

DDP (Delivered Duty Paid) shipping is becoming a powerful tool for Jiangsu companies to tap into the Thai market. This all-in-one service simplifies customs clearance processes and reduces tariff risks, helping businesses efficiently expand overseas. Selecting a reputable freight forwarder and understanding the clear procedures and precautions are crucial for companies to fully utilize this model. It offers a streamlined solution for entering the Thai market, minimizing complexities associated with international trade and boosting export potential.

02/06/2026 Logistics
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King Mswati III Airport Boosts Eswatinis Global Links

King Mswati III Airport Boosts Eswatinis Global Links

King Mswati III International Airport is the main aviation hub in Eswatini, equipped with modern facilities to accommodate various flight needs. The airport offers frequent air traffic control services; however, METAR data is currently unavailable, and real-time NOTAM access requires registration and login.

08/08/2025 Airport Codes
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King Shaka Airport Boosts South Africa’s Global Aviation Hub Status

King Shaka Airport Boosts South Africa’s Global Aviation Hub Status

King Shaka International Airport (IATA: DUR, ICAO: FADN) is located 35 kilometers north of Durban, South Africa, and serves as a major air hub for the city. Since its opening in 2010, the airport has seen upgrades in passenger and cargo facilities, accommodating around 7.5 million travelers annually and handling up to 100,000 tons of cargo. It connects various domestic and international cities, providing convenient air services for travelers.

07/29/2025 Airport Codes
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Guide to Mitigating Export Risks with Cargo Insurance

Guide to Mitigating Export Risks with Cargo Insurance

This article delves into the cargo risks faced by export companies and the importance of cargo insurance. It details the types of cargo insurance, key selection points, and uses All Risks marine insurance as an example to illustrate crucial aspects like insured amount and premium calculation. The importance of choosing a professional freight forwarding company is emphasized, aiming to help export companies effectively mitigate risks and ensure trade security. This helps businesses protect their shipments and financial interests in the global marketplace.

08/21/2025 Logistics Encyclopedia
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Welly International Enhances Taipeiqingdao LCL Shipping Efficiency

Welly International Enhances Taipeiqingdao LCL Shipping Efficiency

Welly International Enterprise Co., Ltd. specializes in logistics lines between Mainland China and Taiwan, offering sea and air freight services. Their professional team and extensive experience ensure the safe and timely arrival of goods, providing customized solutions. The company is committed to becoming a trusted partner for businesses by optimizing logistics plans and reducing transportation costs. They focus on providing efficient and reliable services for all types of cargo, especially break bulk, solidifying their position as a leader in cross-strait logistics.

08/21/2025 Logistics
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Freight Shippers Rarely Receive Full Cargo Compensation Study Finds

Freight Shippers Rarely Receive Full Cargo Compensation Study Finds

Full compensation for damaged or lost goods during freight transport is not always legally justified. The law clearly defines the responsibilities, rights, and obligations of shippers, freight forwarders, and carriers. Carrier liability is typically capped, based on weight rather than the value of the goods. All parties should reasonably share risks within the legal framework to maintain the healthy development of the industry and achieve a win-win situation. This approach ensures fairness and promotes sustainable practices in freight transportation.

08/21/2025 Logistics Encyclopedia
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Guide to Using Bank of Maldives SWIFT Codes for Secure Transfers

Guide to Using Bank of Maldives SWIFT Codes for Secure Transfers

This article provides a detailed overview of the Bank of Maldives' SWIFT code, MALBMVMVXXX, and highlights the importance of using the correct SWIFT code for international money transfers. It advises remitters to confirm the SWIFT code with the recipient, understand branch codes (if applicable), carefully verify all information, and understand the bank's processing procedures. These steps are crucial to ensure that the remittance arrives at its destination safely and efficiently. Proper SWIFT code usage minimizes delays and potential errors in international transactions.

09/03/2025 International Settlement
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