Abu Dhabi Customs Streamlines Trade with Preruling System

Abu Dhabi Customs Streamlines Trade with Preruling System

Abu Dhabi Customs is actively implementing an Advance Ruling System to optimize commodity classification, valuation, and origin processes, aiming to comply with the WTO Trade Facilitation Agreement. Through legal framework and infrastructure upgrades, with technical support from the WCO, Customs is committed to raising trader awareness and officer capabilities. The Advance Ruling System is expected to reduce trade costs, improve efficiency, enhance compliance, and attract more foreign investment, injecting new momentum into Abu Dhabi's trade development.

01/30/2026 Customs Knowledge
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Peru Customs Boosts Trade with GTFP System Upgrade

Peru Customs Boosts Trade with GTFP System Upgrade

The Global Trade Facilitation Program (GTFP) supports Peruvian Customs in enhancing its strategic planning capabilities. Through remote workshops, the program assists in breaking down strategic objectives, identifying key performance indicators, and providing customized draft strategic maps and control panels. This collaboration aims to promote the modernization of Peruvian Customs, facilitate trade, and inject new vitality into economic development. The project focuses on improving customs efficiency and effectiveness through strategic alignment and performance monitoring, ultimately contributing to Peru's economic growth.

01/30/2026 Customs Knowledge
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Tonga Customs Upgrades Audit System with WCO Backing

Tonga Customs Upgrades Audit System with WCO Backing

The World Customs Organization (WCO) conducted a post-clearance audit diagnostic mission in Tonga to help the country optimize its post-clearance audit system and promote trade facilitation. Through in-depth discussions with Tongan Customs and external stakeholders, WCO experts provided professional guidance to help Tongan Customs improve efficiency, reduce business costs, and inject new impetus into Tonga's economic development. The mission aims to enhance Tonga's customs procedures and contribute to a more streamlined and efficient trade environment.

01/30/2026 Customs Knowledge
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Oman Boosts Trade with Wcobacked Advance Ruling System

Oman Boosts Trade with Wcobacked Advance Ruling System

The World Customs Organization (WCO) supports Oman in establishing an advance ruling system for commodity classification and origin, providing technical guidance through workshops. This system aims to enhance trade transparency and predictability. Oman is actively improving its legal framework, standardizing operational procedures, strengthening information management, and enhancing capacity building to promote trade facilitation. The implementation of advance rulings is a key step in streamlining customs processes and fostering a more efficient trade environment for businesses operating in and with Oman.

01/30/2026 Customs Knowledge
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Comptia Calls for Global Digital Trade System Overhaul

Comptia Calls for Global Digital Trade System Overhaul

CompTIA urges the World Customs Organization (WCO) to optimize the Harmonized System (HS) to adapt to the rapidly evolving business landscape. Recommendations include revisiting valuation criteria, shortening review cycles, increasing private sector involvement, and providing explanatory notes free of charge. These suggestions aim to facilitate the digital transformation of global trade by ensuring the HS accurately reflects modern goods and services. Updating the HS is crucial for efficient customs procedures and smooth international commerce in the digital age.

01/30/2026 HS Code Query
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Ibans Role in So Tom and Prncipes Banking System

Ibans Role in So Tom and Prncipes Banking System

This article analyzes the composition of the International Bank Account Number (IBAN) in São Tomé and Príncipe, including the country code, check digits, and Basic Bank Account Number (BBAN). It emphasizes the significance of IBAN in international remittances and highlights important considerations for its use.

08/18/2025 International Settlement
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