Armenia Modernizes Customs with WCO for Ecommerce Growth

Armenia Modernizes Customs with WCO for Ecommerce Growth

The World Customs Organization (WCO) is assisting Armenian Customs in implementing the Mercator Programme, aimed at simplifying customs procedures, reducing trade costs, and improving efficiency. The program covers key areas such as advance rulings, risk management, and single window systems, with the goal of modernizing Armenian Customs and promoting its economic development. Other developing countries can learn from this example by actively participating in WCO projects to improve their own trade facilitation levels.

01/26/2026 Customs Knowledge
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Pakistan Boosts Customs Oversight with WCO Audit Support

Pakistan Boosts Customs Oversight with WCO Audit Support

The WCO assists Pakistan in enhancing its customs post-clearance audit capabilities. This support aims to combat smuggling, promote trade compliance, and ultimately contribute to economic development. By strengthening PCA, Pakistan can improve revenue collection, reduce illicit trade, and create a more predictable and efficient trading environment for legitimate businesses. The WCO's assistance focuses on providing training, technical expertise, and best practices to build a sustainable and effective PCA system within Pakistan Customs.

01/26/2026 Customs Knowledge
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Exporters Face Challenges With Abandoned International Shipments

Exporters Face Challenges With Abandoned International Shipments

Abandoned packages pose a significant risk to foreign trade businesses. This article analyzes abandoned package fees in various scenarios including transit, destination issues, customs clearance problems, and specific country regulations. It proposes effective strategies to mitigate this risk, such as accurate declaration, understanding relevant policies, communicating with recipients, selecting reliable logistics partners, and purchasing insurance. By implementing these preventative measures, businesses can minimize potential losses associated with abandoned shipments and ensure smoother international trade operations.

01/26/2026 Logistics
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Global Markets Wary As Dollar Weakens Amid Rising Risk Aversion

Global Markets Wary As Dollar Weakens Amid Rising Risk Aversion

The dollar's exchange rate continues to decline as trade war concerns resurface, fueling safe-haven demand. Safe-haven assets like the Swiss Franc and New Zealand dollar are gaining traction, reflecting investor anxiety about geopolitical risks. Investors should exercise caution, diversify their portfolios, pay close attention to geopolitical developments, and maintain a long-term investment strategy. The weakening dollar and renewed trade tensions highlight the increased volatility and uncertainty in the global financial markets.

01/19/2026 Exchange Rate Query
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Moroccos PORTNET Tightens Import Compliance Rules

Moroccos PORTNET Tightens Import Compliance Rules

Morocco has mandated the use of the PORTNET platform for digital management of import trade. Importers are required to submit COC applications through the platform to ensure compliant customs clearance. This article analyzes the functions, target audience, operational procedures, and compliance key points of the PORTNET platform. It provides a reference for companies to cope with the new regulations and navigate the digital import process in Morocco, ensuring smooth and compliant trade operations.

02/12/2026 Customs Knowledge
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Los Angeles Long Beach Ports See August Surge Amid Economic Recovery

Los Angeles Long Beach Ports See August Surge Amid Economic Recovery

The Ports of Los Angeles and Long Beach both achieved record-high throughput in August, driven primarily by a surge in imports. Despite this, port officials remain cautious about the future, citing potential challenges from the pandemic and trade frictions. However, with the global economic recovery underway, the ports face development opportunities. They need to proactively address challenges and enhance their competitiveness to capitalize on these opportunities and maintain their crucial role in global trade.

02/11/2026 Logistics
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Baosteel Zhanjiang Launches New Thailand Shipping Route

Baosteel Zhanjiang Launches New Thailand Shipping Route

Baosteel Zhanjiang Steel has launched a direct liner route to Laem Chabang Port in Thailand, adopting an international liner model to shorten logistics cycles, improve efficiency, and enhance export service levels. Leveraging the strategic location of Zhanjiang Port, this initiative strengthens economic and trade ties between Baosteel and Thailand, as well as surrounding regions. This move further expands its global shipping network and demonstrates Baosteel's commitment to optimizing its supply chain and supporting international trade.

02/11/2026 Logistics
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Shanghai Intensifies Crackdown on Export Tax Fraud

Shanghai Intensifies Crackdown on Export Tax Fraud

Shanghai tax authorities have cracked down on export tax rebate fraud, investigating Shanghai Jinhui Investment Industry Co., Ltd. and Ru Chen International Trade (Shanghai) Co., Ltd. in two separate cases. The individuals involved have been severely punished by law, demonstrating the tax authorities' determination to maintain tax order and safeguard national financial security. The crackdown underscores the commitment to preventing economic crimes related to export tax rebates and ensuring fair trade practices.

02/11/2026 Customs Knowledge
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US Import Surge Grows As Tariff Concerns Loom

US Import Surge Grows As Tariff Concerns Loom

Panjiva data reveals a surge in US seaborne imports in February, but the shadow of tariffs looms. While trade fundamentals are strong and business confidence is high, tariff policies pose potential risks. To navigate the uncertainty and seize opportunities, companies should diversify supply chains, improve efficiency, and explore new markets. Proactive adaptation is key to success in the face of evolving trade dynamics. The increased imports might not sustain due to the upcoming tariff implementations.

02/12/2026 Logistics Industry Insights
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Mongolia Boosts Customs Efficiency Via HS Rules Advance Rulings

Mongolia Boosts Customs Efficiency Via HS Rules Advance Rulings

With the support of the World Customs Organization, Mongolia successfully hosted a national workshop on the HS Nomenclature and Advance Rulings, aimed at enhancing the commodity classification skills of customs officials and addressing the increasingly complex challenges of international trade. Through international cooperation and experience exchange, Mongolian Customs is committed to improving efficiency, promoting trade facilitation, and contributing to national budget revenue. The workshop emphasized practical application and knowledge sharing to strengthen customs operations.

01/26/2026 Customs Knowledge
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