WCO Trains Data Analysts in South Korea

WCO Trains Data Analysts in South Korea

The World Customs Organization (WCO) held a data analysis lecture for WCO Scholarship Program students at Sungkyunkwan University in South Korea. The lecture covered data strategy implementation, customs data analysis applications, and geospatial intelligence. Through interactive discussions, WCO representatives answered student questions, helping to enhance customs data analysis capabilities and promote global trade security and facilitation. The initiative aims to equip participants with the skills necessary to leverage data for improved customs operations and decision-making within their respective administrations.

01/05/2026 Customs Knowledge
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Transpacific Shipping Rates Drop but Stay Above 2022 Levels

Transpacific Shipping Rates Drop but Stay Above 2022 Levels

Although the trans-Pacific ocean freight container rates are on a downward trend, they remain approximately $1,000/FEU higher compared to the same period last year. The calm period after the Spring Festival has led to a price decline, and it is expected that as service models return to normal, contract rates will decrease.

02/27/2025 Logistics
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Prologis Reports Rising Demand in Logistics Real Estate Sector

Prologis Reports Rising Demand in Logistics Real Estate Sector

The Prologis IBI index indicates a rebound in logistics real estate demand, with increased net absorption, new leasing activity, and project pipeline. Companies are actively addressing trade uncertainties by boosting supply chain investments and improving operational efficiency, leading to a better market environment. While vacancy rates remain stable in the short term, construction is slowing down, potentially accelerating rental growth. Investors should focus on prime assets in core locations, adapt flexibly to market changes, and strengthen risk management strategies.

01/07/2026 Logistics Industry Insights
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Customs Duty Reassessment Rules and Compliance Strategies Explained

Customs Duty Reassessment Rules and Compliance Strategies Explained

This article provides a detailed interpretation of the scope and time limits for supplementary duty payments, including underpaid or missed duties due to classification or valuation errors after goods release, domestic sales transfer of specific duty-free or reduced-duty goods, and illegal smuggling. It clarifies the statute of limitations for customs to recover underpaid or missed taxes and emphasizes the importance of compliant operation for businesses and individuals to mitigate tax risks. Aiming to help enterprises understand the regulations and avoid potential tax liabilities.

09/26/2025 Customs Knowledge
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WCO Enhances African Customs Training Amid Belgian Graduation Milestone

WCO Enhances African Customs Training Amid Belgian Graduation Milestone

The Secretary General of the World Customs Organization (WCO) attended the graduation ceremony of French-speaking African customs officials at the Belgian Customs Academy, emphasizing the crucial role of customs in revenue collection, trade facilitation, and societal protection. This initiative supports African economic development and the AfCFTA by enhancing customs management, promoting regional integration, and fostering international cooperation. The WCO plays a key role by providing technical assistance and promoting the application of international standards, ultimately contributing to a more efficient and secure trade environment in Africa.

01/05/2026 Customs Knowledge
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