Iran Japan Sign Customs Pact to Boost Trade

Iran Japan Sign Customs Pact to Boost Trade

Iran and Japan signed a Mutual Assistance and Cooperation Agreement on Customs Matters, aiming to strengthen bilateral cooperation in the customs area. The agreement facilitates information sharing, joint research, and administrative assistance. Based on the World Customs Organization's Model Agreement, it will promote trade growth, enhance trade security, and improve the investment climate. This agreement sets a precedent for global customs cooperation, fostering a more secure and efficient international trade environment between the two nations. It is expected to significantly boost economic ties and streamline customs procedures.

02/03/2026 Customs Knowledge
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New Framework Aims to Streamline Global Trade Through Technical Aid

New Framework Aims to Streamline Global Trade Through Technical Aid

This paper interprets the WTO Trade Facilitation Agreement (TN/TF/W/137), focusing on its implementation in developing countries. It emphasizes transparency, flexibility, and cooperation, aiming to promote a fairer and more efficient global trade system. The agreement provides a framework for streamlining customs procedures, reducing trade costs, and enhancing predictability. Technical assistance is crucial for developing countries to effectively implement the agreement and reap its benefits. Ultimately, the Trade Facilitation Agreement contributes to economic growth and development by facilitating the smooth flow of goods across borders within the WTO framework.

02/05/2026 Customs Knowledge
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Amazon Eases Seller Account Transfers for Compliance

Amazon Eases Seller Account Transfers for Compliance

Amazon Europe launched a new "Account Business Transfer" policy to help sellers compliantly change their store's legal entity information. By signing a transfer agreement, completing account verification, and submitting relevant documents, sellers can transfer their account to a new legal entity. This addresses security risks arising from inconsistent legal entity information and lays the foundation for long-term stable store operations. The policy streamlines the process of updating account details to reflect changes in business ownership, ensuring compliance and minimizing potential disruptions.

01/16/2026 Logistics Industry Insights
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Trade Facilitation Pact Boosts Global Commerce

Trade Facilitation Pact Boosts Global Commerce

The Trade Facilitation Agreement (TFA) is a key agreement reached by the World Trade Organization, aimed at simplifying customs procedures, enhancing transparency, strengthening cooperation, and reducing cross-border trade costs to promote global trade growth. The agreement ensures the participation of developing countries through categorized commitments and capacity-building mechanisms. Businesses should understand the TFA's content, monitor policy changes, utilize electronic methods, strengthen internal management, seize opportunities, and enhance competitiveness.

02/02/2026 Customs Knowledge
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Amazon Introduces Second Buy Box for Thirdparty Sellers

Amazon Introduces Second Buy Box for Thirdparty Sellers

Amazon is reportedly planning a "second buy box" to address competition concerns between third-party sellers and its own retail operations. This initiative stems from an antitrust agreement with the European Union and aims to create a fairer competitive landscape on the platform. The second buy box would potentially give more visibility to alternative sellers, offering consumers more choices and potentially lower prices. This move is expected to alleviate some of the pressure felt by third-party sellers who often struggle to compete with Amazon's own products.

12/31/2025 Logistics Industry Insights
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Fedex Pilots Reach Tentative Deal to Avoid Strike

Fedex Pilots Reach Tentative Deal to Avoid Strike

FedEx has reached a tentative agreement with its pilots, averting a potential strike. However, the details of the agreement remain undisclosed. The company still faces operational, financial, and reputational risks. To navigate global economic uncertainties and market competition, FedEx needs to enhance communication, improve efficiency, and strengthen risk management practices. The agreement, while positive, doesn't eliminate the need for proactive measures to ensure long-term stability and success in the dynamic air transportation industry.

01/15/2026 Logistics
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UPS to Install AC in 5000 Trucks After Teamsters Deal

UPS to Install AC in 5000 Trucks After Teamsters Deal

The UPS and Teamsters agreement includes the installation of air conditioning in 5,000 delivery vehicles, improving working conditions for employees. This initiative is a key component of the five-year labor agreement, ensuring employee rights and aiming to boost efficiency. The agreement addresses concerns about excessive heat and its impact on driver safety and productivity within the logistics industry. It represents a significant step towards a more comfortable and safer work environment for UPS drivers.

01/21/2026 Logistics
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UPS Expands Airconditioned Trucks Amid Labor Disputes

UPS Expands Airconditioned Trucks Amid Labor Disputes

UPS is accelerating its air conditioning retrofit agreement with the Teamsters union, planning to install air conditioning in 5,000 vehicles to improve employee working conditions. This move aims to ease labor relations but faces challenges related to cost, technology, and ongoing negotiations. Simultaneously, UPS's network restructuring and adjustments to its Amazon business present both new opportunities and challenges. The company is navigating a complex landscape while striving to enhance worker well-being and maintain operational efficiency. The success of the air conditioning initiative could significantly impact employee morale and future labor negotiations.

01/15/2026 Logistics
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US Rail Strike Avoided As Unions Back Labor Deal

US Rail Strike Avoided As Unions Back Labor Deal

The International Brotherhood of Electrical Workers (IBEW) in the United States has ratified a tentative labor agreement with freight rail companies, averting a potential rail strike. The agreement includes wage increases and improved working conditions. However, it still faces challenges such as approval from other unions, implementation of the agreement, and addressing long-term industry issues. The article advocates for building harmonious labor-management relations and offers insights for Chinese enterprises, emphasizing a people-oriented approach.

01/16/2026 Logistics
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UPS Teamsters Reach Landmark Labor Deal

UPS Teamsters Reach Landmark Labor Deal

UPS expects the new five-year labor agreement with the Teamsters union to be approved within two weeks. Hailed as a 'win-win-win' solution, the agreement aims to improve employee benefits, stabilize operations, ensure customer service, and strengthen the long-term partnership between UPS and the Teamsters. This agreement is expected to pave the way for a new chapter of corporate development, offering benefits for employees, the company, and its customers while ensuring operational stability and growth.

01/19/2026 Logistics
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