US Adopts WCO Data Model to Simplify Global Trade

US Adopts WCO Data Model to Simplify Global Trade

The United States is accelerating the development of its national Single Window, the ITDS, to simplify import and export processes and improve efficiency. The US also encourages the global adoption of the WCO Data Model to facilitate international trade data exchange. This initiative aims to streamline procedures, reduce costs, and enhance transparency in cross-border transactions. By promoting standardized data exchange, the US seeks to foster greater collaboration and interoperability among trading partners worldwide, ultimately boosting international trade and economic growth.

02/02/2026 Customs Knowledge
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Blockchain and Trade Pacts Boost Global Commerce Efficiency

Blockchain and Trade Pacts Boost Global Commerce Efficiency

This paper explores how blockchain technology empowers Mutual Recognition Agreements (MRAs) to address cross-border data sharing challenges and promote trade facilitation. Drawing on the practical experience of the CADENA project in Latin America, it demonstrates blockchain's potential in improving efficiency and enhancing trust. The paper also envisions its applications in areas such as digital identity authentication, supply chain traceability, and trade finance. By leveraging the immutability and transparency of blockchain, MRAs can be streamlined, leading to reduced costs and increased trade volumes.

02/02/2026 Customs Knowledge
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Amazon US Sellers Face Invoice Compliance Challenges

Amazon US Sellers Face Invoice Compliance Challenges

This article provides an in-depth analysis of invoice compliance issues for Amazon US sellers. It covers invoice costs, timeliness, compliance key points, and frequently asked questions. It also offers advice on choosing invoice service providers, aiming to help sellers avoid risks, achieve compliant operations, and ensure long-term store development. The article focuses on navigating the complexities of US tax regulations and invoice requirements for a successful Amazon business.

02/02/2026 Customs Knowledge
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Malaysians Guide to Extending China Tourist Visas

Malaysians Guide to Extending China Tourist Visas

This article provides a comprehensive guide for Malaysian citizens on renewing their China tourist visa. It covers renewal requirements, necessary documents, application procedures, fee details, and important notes. The aim is to help readers smoothly extend their stay in China, avoid unnecessary hassles, and ensure a pleasant trip. This guide offers practical advice and step-by-step instructions to navigate the visa renewal process effectively, allowing Malaysian tourists to continue enjoying their time in China without visa-related concerns.

02/02/2026 Customs Knowledge
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China Eases Visa Rules for Malaysian Travelers

China Eases Visa Rules for Malaysian Travelers

This article provides a detailed explanation of the latest visa policies for Chinese citizens traveling to Malaysia. It covers visa-free entry conditions, visa types, passport requirements, application procedures, fees, and important considerations. This guide aims to help you easily plan your trip to Malaysia by clarifying the necessary documentation and processes for a smooth and hassle-free experience. Learn about the specific requirements for different travel purposes and ensure you have all the information needed for a successful visa application or visa-free entry.

02/02/2026 Customs Knowledge
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Trump Considers New Tariffs Reviving Trade War Concerns

Trump Considers New Tariffs Reviving Trade War Concerns

U.S. President-elect Trump plans to reinstate tariff policies after taking office, aiming to protect domestic industries and reduce trade deficits. This move could trigger a trade war with profound implications for the global economy. The international community is closely monitoring the direction of his trade policies, calling for countries to strengthen dialogue and communication to maintain the stability of the global trade system. The potential consequences of these policies are a major concern for international trade relations and economic growth.

02/03/2026 Customs Knowledge
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Hong Kong Updates Tax Residency Rules for Crossborder Workers

Hong Kong Updates Tax Residency Rules for Crossborder Workers

The Hong Kong Inland Revenue Department (IRD) has updated its guidance on determining dual residency, elaborating on the application of the 'tie-breaker rule' in establishing tax residency. The guidance focuses on factors such as the place of effective management, habitual abode, permanent home, and nationality. It provides tax optimization advice for cross-border workers and high-net-worth individuals to mitigate the risk of double taxation. Understanding these guidelines is crucial for individuals with potential dual residency to ensure compliance and optimize their tax obligations in Hong Kong.

02/03/2026 Customs Knowledge
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Canadas Startup Visa Faces Evolving Approval Challenges

Canadas Startup Visa Faces Evolving Approval Challenges

This article provides an in-depth analysis of the latest review trends and requirements for the Canada SUV (Start-Up Visa) program, revealing changes in immigration bureau's internal strategies and emphasizing the importance of genuine business operation. Applicants need to be proactive in their preparation and respond efficiently, demonstrating their entrepreneurial determination with concrete actions. [Company Name] offers professional incubation services to assist applicants in achieving successful immigration.

02/03/2026 Customs Knowledge
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Shopify Sellers Guide to Navigating 1099K Tax Forms

Shopify Sellers Guide to Navigating 1099K Tax Forms

This article provides a detailed explanation of how Shopify sellers can achieve tax compliance using the 1099-K form. It covers key aspects such as the definition of the 1099-K form, reporting thresholds, how to obtain it, information verification, frequently asked questions, and filing steps. The aim is to help sellers understand tax compliance requirements, avoid tax risks, and achieve sustainable growth. It guides sellers through the complexities of 1099-K reporting within the Shopify ecosystem, ensuring they meet their tax obligations effectively and efficiently.

02/03/2026 Customs Knowledge
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AI Transforms Global B2B Sourcing for Export Growth

AI Transforms Global B2B Sourcing for Export Growth

B2B foreign trade companies face challenges in customer acquisition, with traditional methods being costly. This article points out that by leveraging big data and AI technology, through internet big data search, historical trade data analysis, global company database screening, and AI cross-border video tools, companies can achieve efficient and precise customer acquisition, reduce costs, improve inquiry quality, and boost business growth. This approach offers a data-driven and AI-powered solution to overcome the limitations of traditional B2B lead generation methods.

02/03/2026 Customs Knowledge
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