Peru Adopts Global Standards for Customs Valuation

Peru Adopts Global Standards for Customs Valuation

Supported by the SECO-WCO Global Trade Facilitation Programme, Peruvian Customs held a virtual forum focusing on customs valuation risk management. Participants exchanged experiences on database applications and discussed optimizing value verification procedures and public-private partnerships to combat valuation irregularities. Peruvian Customs plans to strengthen its value verification system and deepen collaboration with the private sector. The WCO will continue to provide support, enhancing transparency and predictability in cross-border trade. The forum highlighted the importance of efficient and fair customs valuation for trade facilitation.

12/30/2025 Customs Knowledge
Read More
WCO Updates PICARD Standards to Modernize Customs Training

WCO Updates PICARD Standards to Modernize Customs Training

The World Customs Organization (WCO) is undertaking a comprehensive upgrade of the PICARD Professional Standards to adapt to the rapidly evolving global trade landscape. The revised standards will focus on public-private partnerships, customs-tax linkages, coordinated border management, and cover emerging trends such as security, trade facilitation, technological advancements, and project management. This upgrade aims to cultivate forward-thinking and practically skilled customs professionals, ultimately fostering global trade development. The updated standards will ensure customs administrations are equipped to meet future challenges and opportunities.

01/20/2026 Customs Knowledge
Read More
WCO and ASAPRA Partner to Modernize Customs in the Americas

WCO and ASAPRA Partner to Modernize Customs in the Americas

The WCO Deputy Secretary General attended the ASAPRA Congress, highlighting the crucial role of customs brokers in supporting customs administration and exploring enhanced cooperation to improve trade facilitation and compliance. The WCO also met with Panama Customs and government agencies to strengthen reform and modernization efforts. These collaborations aim to build an efficient, secure, and seamless trade environment, injecting new impetus into the economic development of the Americas region. The focus is on leveraging partnerships to advance customs modernization and facilitate legitimate trade flows.

01/20/2026 Customs Knowledge
Read More
Highpriced Social Media Courses Face Scrutiny Amid Industry Boom

Highpriced Social Media Courses Face Scrutiny Amid Industry Boom

This article analyzes the value of overseas social media customer acquisition training courses, emphasizing that success in foreign trade relies on long-term accumulation and practical experience. By comparing crash courses with real-world experience, it highlights the importance of continuous investment. The article also showcases the company's achievements over the past five years and concludes with an invitation to participate in an AI-powered foreign trade sharing session. It underscores that sustainable growth in foreign trade requires dedication and consistent effort beyond short-term training programs.

01/23/2026 Logistics Industry Insights
Read More
Global Air Cargo Demand Rises Despite Economic Challenges

Global Air Cargo Demand Rises Despite Economic Challenges

In May 2025, international air cargo demand grew by 2.2% year-on-year, demonstrating the industry's resilience. Despite a contraction in global manufacturing and the impact of U.S. tariff policies on certain regions, the Asia-Pacific region experienced the fastest growth in cargo demand at 8.3%. Additionally, falling oil prices provided relief for the airlines.

07/04/2025 Logistics Industry Insights
Read More
Taichung Port Emerges As Key East Asian Shipping Hub

Taichung Port Emerges As Key East Asian Shipping Hub

Taichung Port, with its advantageous geographic location and integrated transportation network, has become a crucial hub for shipping in East Asia. As bulk cargo continues to rise and infrastructure improves, Taichung Port plays a key role in enhancing economic ties across the Taiwan Strait. It actively implements sustainable development strategies to bolster its international competitiveness.

08/05/2025 Port Encyclopedia
Read More
Singapore Dollar Strengthens Against British Pound Amid Market Shifts

Singapore Dollar Strengthens Against British Pound Amid Market Shifts

This article analyzes the exchange rate trends between the Singapore dollar and the British pound, revealing the factors influencing exchange rate fluctuations over the past year and their potential future trajectories. The significance of the Singapore dollar in Southeast Asia combined with the global standing of the British pound provides valuable market insights for investors.

08/26/2025 Exchange Rate Query
Read More
China Clarifies Tobacco HS Codes and Export Tax Rebates

China Clarifies Tobacco HS Codes and Export Tax Rebates

The classification of tobacco HS codes and export rebate policies are essential for trade compliance. This paper analyzes various tobacco products under HS code 24, including processed tobacco, smoking products, and tobacco substitutes, revealing their significance and market potential in international trade. Understanding this information is crucial for industry participants.

08/05/2025 HS Code Query
Read More
Understanding The Customs Clearance Process For International Goods

Understanding The Customs Clearance Process For International Goods

This article explores the critical role of customs clearance in international trade, emphasizing the complexity of the clearance process and its impact on cross-border trade. It highlights the necessity of ensuring document integrity and compliance, while also pointing out the important roles played by professional customs brokers and modern technology.

11/30/-0001 Customs Knowledge
Read More
Navigating Tariff Challenges Warehouse Strategies for Financial Resilience and Operational Efficiency

Navigating Tariff Challenges Warehouse Strategies for Financial Resilience and Operational Efficiency

This article discusses how companies can enhance financial resilience and operational efficiency through effective warehousing strategies in the face of tariff and trade policy changes. By employing flexible transshipment strategies, multi-channel inventory management, bonded warehouse solutions, and strategic site selection, businesses can adapt to the evolving landscape of international trade.

05/21/2025 Warehousing
Read More