Bolivia Customs Boosts Trade Efficiency with WCO Study

Bolivia Customs Boosts Trade Efficiency with WCO Study

The World Customs Organization (WCO) successfully conducted an online Time Release Study (TRS) workshop for Bolivian Customs, aiming to enhance trade facilitation in Bolivia. By reviewing processes, optimizing questionnaires, and preparing pilot projects, Bolivian Customs is ready for TRS implementation. The goal is to reduce goods release times, lower costs for businesses, improve the investment climate, and enhance national competitiveness. The TRS will help identify bottlenecks and inefficiencies in the customs clearance process, leading to targeted reforms and improvements.

01/05/2026 Customs Knowledge
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Bolivia Optimizes Trade with SECOWCO Goods Release Study

Bolivia Optimizes Trade with SECOWCO Goods Release Study

The SECO-WCO Global Trade Facilitation Programme (GTFP) supported Bolivia in conducting a Time Release Study (TRS) to improve trade efficiency and comply with the WTO Trade Facilitation Agreement. Through expert guidance, questionnaire optimization, and pilot testing, the GTFP helped Bolivia identify bottlenecks in goods release and optimize operational procedures. This support contributes to trade facilitation and economic development by streamlining processes and improving efficiency within Bolivia's trade system. The TRS provides valuable insights for further improvements.

01/05/2026 Customs Knowledge
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Peru Bolivia Enhance Customs Ties to Streamline Trade

Peru Bolivia Enhance Customs Ties to Streamline Trade

Customs cooperation between Peru and Bolivia focuses on exchanging experiences in risk management and customs laboratories. The collaboration aims to enhance trade facilitation and promote regional economic development. This includes sharing best practices and exploring collaborative strategies to improve efficiency and security in cross-border trade. The initiative seeks to streamline customs procedures, reduce trade barriers, and foster a more competitive and integrated regional market. Ultimately, this cooperation contributes to economic growth and strengthens ties between the two nations.

01/05/2026 Customs Knowledge
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Chiles Central Bank SWIFT Code Eases International Transfers

Chiles Central Bank SWIFT Code Eases International Transfers

The SWIFT code for BANCO CENTRAL DE CHILE is BCECCLRR XXX, facilitating international remittances for users. This article provides detailed information about the bank, transfer methods, and transaction times, as well as an analysis of the characteristics of different transfer methods. Additionally, it explores how exchange rates can affect the final amount received, offering guidance for international transfers.

08/18/2025 International Settlement
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Bolivia Adopts Uruguays Customs Risk Strategies to Boost Trade

Bolivia Adopts Uruguays Customs Risk Strategies to Boost Trade

Bolivian Customs is leveraging the risk management experience of Uruguayan Customs to improve clearance efficiency and reduce trade risks. This initiative is part of a WCO project aimed at fostering international cooperation and economic development. By adopting best practices in risk management, Bolivian Customs aims to streamline processes, enhance security, and facilitate legitimate trade flows. This collaboration highlights the importance of knowledge sharing and capacity building in strengthening customs administrations and promoting global trade.

12/30/2025 Customs Knowledge
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Bolivia Expands Customs AEO Program with Trade Facilitation Support

Bolivia Expands Customs AEO Program with Trade Facilitation Support

Bolivian Customs, with WCO support, is upgrading its AEO program. This includes optimizing standards, expanding the program's scope, strengthening risk management and service provision, and promoting mutual recognition arrangements. The aim is to enhance trade facilitation, foster economic growth for businesses, and improve overall customs efficiency. The upgraded AEO program is expected to contribute significantly to Bolivia's trade competitiveness and its integration into the global trading system. The focus is on creating a more secure and predictable trade environment for authorized economic operators.

01/05/2026 Customs Knowledge
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Perus Central Bank Simplifies SWIFT Codes for Crossborder Transfers

Perus Central Bank Simplifies SWIFT Codes for Crossborder Transfers

This document provides a detailed explanation of the SWIFT code CRPEPEPLXXX for the Central Reserve Bank of Peru (Banco Central de Reserva del Peru) and offers a practical guide to cross-border remittances. It covers the structure of the SWIFT code, its use cases, how to obtain it, and important remittance considerations. The aim is to help readers safely and efficiently conduct international money transfers.

09/01/2025 International Settlement
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Nicaraguas BDF SWIFT Code Eases International Transfers

Nicaraguas BDF SWIFT Code Eases International Transfers

This article provides a detailed explanation of Banco de Finanzas (BDF) bank in Nicaragua's SWIFT code, BBDFNIMAXXX. It elucidates the structure of SWIFT codes, their usage scenarios, and methods for finding them. Furthermore, it offers important considerations and risk warnings for cross-border transfers, aiming to assist readers in successfully completing international remittances to BDF bank. The information helps navigate the complexities of international banking and ensures a smoother transfer process while highlighting potential pitfalls.

09/02/2025 International Settlement
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Guide to Using SWIFT Codes for Money Transfers to Cabo Verde

Guide to Using SWIFT Codes for Money Transfers to Cabo Verde

This article provides detailed information on the SWIFT/BIC code required for international money transfers to BCN (Banco Caboverdiano de Negocios SA) in Cape Verde. It focuses on the main code, CANBCVCVXXX, explaining its usage and offering practical advice on finding branch information and avoiding common mistakes. The aim is to help users complete cross-border transfers safely and efficiently. It emphasizes the importance of using the correct SWIFT code for successful transactions.

09/02/2025 International Settlement
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