Guinea Boosts Trade Efficiency with Stakeholder Partnerships

Guinea Boosts Trade Efficiency with Stakeholder Partnerships

With support from the Swedish-funded WACAM project, Guinea, in collaboration with the World Customs Organization (WCO) and the World Bank, has strengthened communication among stakeholders in trade facilitation. Through training initiatives and the establishment of a port advisory committee in Conakry, the aim is to improve customs efficiency and promote collaboration among all parties. This effort seeks to enhance the implementation of the Trade Facilitation Agreement (TFA) and foster Guinea's international trade development.

01/07/2026 Customs Knowledge
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Guatemala Boosts Trade Efficiency with WCO Partnership

Guatemala Boosts Trade Efficiency with WCO Partnership

The World Customs Organization (WCO), through the Mercator Program, supports Guatemala's Tax and Customs Administration (SAT) in implementing the Trade Facilitation Agreement (TFA). This support includes on-site missions, needs analysis, and action plan development. The WCO team engaged with Guatemalan stakeholders, proposing recommendations to optimize customs clearance processes, enhance transparency, and strengthen inter-agency cooperation. The aim is to help Guatemala achieve trade facilitation, thereby promoting economic development. This initiative underscores the WCO's commitment to assisting member states in streamlining trade procedures and fostering a more efficient global trading environment.

01/07/2026 Customs Knowledge
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Chile Advances Trade with Customs System Workshop

Chile Advances Trade with Customs System Workshop

Chile successfully hosted a national seminar in Valparaiso on the Harmonized System and Customs Tariff Management. The seminar aimed to enhance the professional skills of customs officials in commodity classification and tariff management, ensuring consistent application of the HS 2017 version and improving current working methods. With the assistance of the WCO, Chile Customs will continue to improve its capabilities, making greater contributions to promoting Chile's economic development and facilitating international trade.

01/07/2026 Customs Knowledge
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Fedex Global Trade Manager Simplifies Customs Processes

Fedex Global Trade Manager Simplifies Customs Processes

FedEx Global Trade Manager (GTM) is a powerful tool for simplifying international trade duty estimation. This article details GTM's features, usage steps, and precautions to help you accurately estimate duties and taxes, avoid customs issues, improve cross-border logistics efficiency, and achieve compliant cost reduction. It provides guidance on leveraging GTM to navigate the complexities of international trade and optimize your shipping processes. By understanding GTM's capabilities, businesses can minimize unexpected costs and ensure smooth customs clearance for their shipments.

01/07/2026 Customs Knowledge
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WTO and WCO Sign Pact to Enhance Trade Security Facilitation

WTO and WCO Sign Pact to Enhance Trade Security Facilitation

The World Customs Organization and the World Trade Organization signed a Memorandum of Understanding to strengthen cooperation on customs-related matters and enhance global trade efficiency and security. The two organizations will collaborate on technical assistance, information sharing, and combating illicit trade, with a focus on the implementation of the Trade Facilitation Agreement and the application of coordination mechanisms. This partnership aims to address global trade challenges and promote sustainable development by fostering streamlined customs procedures and improved international collaboration in trade-related areas.

01/05/2026 Customs Knowledge
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WTO Pact Gains Global Support to Boost Trade in Developing Nations

WTO Pact Gains Global Support to Boost Trade in Developing Nations

To help developing countries fully leverage the potential of the WTO's Trade Facilitation Agreement (TFA), multiple international organizations and development partners reaffirmed their commitment to providing comprehensive and coordinated support. This includes technical assistance, capacity building, and financial support aimed at streamlining trade procedures, reducing trade costs, and improving trade efficiency. The ultimate goal is to promote fairness and prosperity in the global economy by enabling smoother and more accessible trade processes for all nations.

12/30/2025 Customs Knowledge
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ICC Principles Promote Green Economy in Global Trade

ICC Principles Promote Green Economy in Global Trade

The International Chamber of Commerce's principles for sustainable trade and trade finance provide a framework for assessing the sustainability of trade, focusing on environmental and socioeconomic development. The principles aim to direct funding toward sustainable trade by clearly defining standards, reducing the risk of greenwashing, and supporting a balance between economic growth and environmental protection.

08/05/2025 Logistics Industry Insights
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Maersk Launches New Platform to Help Global Supply Chains Tackle Tariff Fluctuations

Maersk Launches New Platform to Help Global Supply Chains Tackle Tariff Fluctuations

Maersk has launched the 'Maersk Trade & Tariff Studio' platform to help businesses navigate the complexities of global tariffs and trade regulations. The platform offers features such as a tariff calculator, trade insights, and expert consulting, enabling companies to ensure compliance, optimize costs, and maintain a competitive edge in the ever-changing landscape of international trade.

07/17/2025 Logistics
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Foreign Trade Policy Briefing Event Helps Enterprises Tackle Challenges

Foreign Trade Policy Briefing Event Helps Enterprises Tackle Challenges

In the context of a complex and ever-changing international trade situation, foreign trade enterprises face numerous challenges. To address this, Bao'an District organized a foreign trade policy briefing. The event provided policy interpretations aimed at enhancing companies' risk resistance and seizing market opportunities, thereby promoting the quality improvement and stable development of foreign trade enterprises.

05/20/2025 Logistics
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Global Trade Faces Changes As HS Code Undergoes Fifth Revision

Global Trade Faces Changes As HS Code Undergoes Fifth Revision

The World Customs Organization has released the 5th major revision of the HS Code, involving 233 adjustments across various sectors including agriculture, chemicals, timber, and textiles. This revision aims to improve the accuracy of trade statistics, facilitate trade, and address emerging trade challenges. Businesses should promptly understand these new changes to effectively navigate the evolving landscape of international trade.

01/07/2026 Customs Knowledge
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