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 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 Boosts Customs Efficiency Via Trade Facilitation Project

Bolivia Boosts Customs Efficiency Via Trade Facilitation Project

Under the WCO's global trade facilitation program, a Mercator follow-up mission assessed Bolivian Customs' progress in trade facilitation and provided recommendations for improvement. The evaluation focused on key areas like risk management and advance rulings, engaging actively with stakeholders. Expert advice will help Bolivian Customs refine measures, improve service delivery, and contribute more to economic development. The assessment aimed to identify areas where further progress is needed to streamline procedures and reduce trade costs, ultimately boosting Bolivia's competitiveness in the global market.

02/05/2026 Customs Knowledge
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Bolivia Adopts WCO Program to Strengthen Customs Oversight

Bolivia Adopts WCO Program to Strengthen Customs Oversight

The Switzerland-WCO Global Trade Facilitation Programme (GTFP) supports Bolivian Customs in enhancing its risk management capabilities. Through workshops, progress is reviewed, recommendations are provided, and continuous technical assistance, capacity building, and experience sharing are offered. The aim is to assist Bolivian Customs in establishing a scientific, efficient, and sustainable risk management system. This system will help safeguard national economic security and promote legitimate trade development. The project focuses on building a robust framework for identifying and mitigating potential risks in cross-border trade.

01/30/2026 Customs Knowledge
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SEB Banks SWIFTBIC Code Explained

SEB Banks SWIFTBIC Code Explained

This article provides a detailed overview of the SWIFT/BIC code for SKANDINAVISKA ENSKILDA BANKEN AB (SEB), explaining its structure and significance. It also highlights key considerations to keep in mind when using the code to ensure the safety and efficiency of international financial transactions.

08/20/2025 International Settlement
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Meezan Banks SWIFTBIC Code Explained

Meezan Banks SWIFTBIC Code Explained

The SWIFT/BIC code for MEEZAN BANK LIMITED is MEZNPKKFSD, which plays a crucial role in ensuring the accurate transfer of funds in international remittances. This article details the structure and usage of SWIFT codes, helping readers understand how to conduct cross-border transactions safely and effectively.

08/11/2025 International Settlement
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Guide to Nordea Banks SWIFTBIC Codes

Guide to Nordea Banks SWIFTBIC Codes

This article analyzes the SWIFT/BIC code NDEAFIHHNCL of NORDEA BANK ABP, including its structure and practical applications in international remittances. It emphasizes the importance of using the SWIFT code correctly and discusses the advantages and considerations of transferring funds through Xe.

08/15/2025 International Settlement
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Eurasian Development Banks SWIFT Code Explained

Eurasian Development Banks SWIFT Code Explained

This article introduces the SWIFT code EABRKZKAACF of the Eurasian Development Bank, emphasizing its importance in international remittances. It provides detailed address information for the bank and reminds senders to accurately use the SWIFT code to ensure smooth transfer of funds during transactions.

08/15/2025 International Settlement
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