Iran Joins Istanbul Convention to Enhance Trade

Iran Joins Istanbul Convention to Enhance Trade

Iran has officially joined the Istanbul Convention, becoming the 68th contracting party, marking a significant step in its international trade facilitation efforts. The Convention, and its core ATA Carnet system, aims to simplify customs procedures, reduce trade costs, and promote cross-border movement of goods. This accession is of great importance for Iran itself and the development of global trade by streamlining temporary import/export processes and fostering economic cooperation. The ATA Carnet simplifies customs procedures for temporary admission of goods.

China Customs Supports WCO in Global Trade Valuation Standards

China Customs Supports WCO in Global Trade Valuation Standards

The WCO Revenue Package aims to enhance customs revenue collection capabilities of member countries. China Customs actively participates in this initiative, providing valuation control case studies and sharing its experiences. China's customs valuation control system, characterized by comprehensive laws and regulations, advanced risk management techniques, a robust valuation database, and effective inter-departmental collaboration, offers valuable lessons for other nations. This participation underscores China's commitment to supporting global efforts in securing customs revenue and promoting best practices in valuation control.

WCO Backs Palestinian Customs Modernization Efforts

WCO Backs Palestinian Customs Modernization Efforts

The World Customs Organization (WCO) is assisting Palestine Customs in modernizing its Human Resource Management (HRM) through a workshop held in Tunis. This support focuses on building a competency-based HRM system, including developing a job directory, competency framework, competency dictionary, and job descriptions. WCO experts will provide remote support to ensure the successful implementation of these reforms. The initiative aims to improve the efficiency and international competitiveness of Palestine Customs by strengthening its workforce and aligning HR practices with international standards.

Tunisia Adopts Revised Kyoto Convention to Enhance Trade

Tunisia Adopts Revised Kyoto Convention to Enhance Trade

With Tunisia's accession, the Revised Kyoto Convention now has 112 contracting parties, signaling accelerated global trade facilitation. This convention, a blueprint for modern customs, aims to reduce trade costs and improve customs clearance efficiency by simplifying procedures, optimizing risk management, and utilizing information technology. It promotes global trade growth and complements the WTO's Trade Facilitation Agreement, jointly building an open and prosperous trade system. The convention's focus on streamlined processes and technological advancements is crucial for enhancing customs efficiency worldwide.

Cameroon Boosts Trade with WCO Customs Reform

Cameroon Boosts Trade with WCO Customs Reform

The World Customs Organization (WCO) conducted a diagnostic assessment of Cameroon's customs valuation control system to enhance trade efficiency and compliance. Through in-depth discussions with customs officials and business representatives, the WCO proposed recommendations to strengthen valuation capacity, optimize processes, and enhance information sharing. These efforts aim to help Cameroon better implement the WTO Valuation Agreement, promote trade facilitation, and foster economic growth. The assessment focuses on improving customs valuation practices to streamline trade procedures and ensure fair revenue collection.

Bahrain Boosts Customs Audits with WCO Backing

Bahrain Boosts Customs Audits with WCO Backing

The World Customs Organization (WCO) held a Post Clearance Audit workshop in Bahrain to enhance Bahrain Customs' revenue collection capabilities. The workshop focused on international standards, risk management, and audit preparation, emphasizing the importance of risk assessment and data analysis in auditing. Through case studies and practical exercises, it helped Bahrain Customs officials master audit techniques, laying the foundation for building an efficient tax system. The training aimed to improve compliance and reduce revenue leakage through effective post-clearance control mechanisms.

Sodium Sulfate HS Code Dispute Settled Aiding Trade Clarity

Sodium Sulfate HS Code Dispute Settled Aiding Trade Clarity

Russia and Turkey have reached a consensus on the HS code classification of sodium sulfate products. Dehydrated sodium sulfate falls under HS code 2833.11, classified as sulfates. Sodium sulfate obtained primarily through physical methods is classified under HS code 25.30, belonging to mineral products. Businesses should thoroughly understand the HS code system, accurately describe their products, and consult with professionals to ensure compliance and minimize trade risks. This clear distinction helps avoid misclassification and ensures smooth customs clearance for international trade.

SECOWCO GTFP Phase II Aims to Enhance Global Trade

SECOWCO GTFP Phase II Aims to Enhance Global Trade

The World Customs Organization (WCO) and the Swiss State Secretariat for Economic Affairs (SECO) officially launched the second phase of the Global Trade Facilitation Programme (GTFP). This initiative aims to build upon the achievements of the first phase, further promoting international trade development, strengthening customs organizational capacity, and fostering the application of international standards and best practices. It seeks to inject new vitality into global trade facilitation and contribute to the construction of an open, inclusive, balanced, and win-win global trade system.

Egypt Modernizes Customs with US Aid to Boost Trade Efficiency

Egypt Modernizes Customs with US Aid to Boost Trade Efficiency

The Commercial Law Development Program (CLDP) supported a valuation workshop for Egyptian Customs, aiming to enhance the expertise of Egyptian customs officials in areas such as the WTO Valuation Agreement, price adjustments, and advance ruling systems. Through case studies and direct engagement with challenges, the workshop contributes to trade facilitation in Egypt and fosters a more fair and transparent trading environment for businesses. The training focused on practical application and problem solving to improve efficiency and compliance within the Egyptian customs system.

Bahamas Adopts Wcos AEO Program to Strengthen Trade Security

Bahamas Adopts Wcos AEO Program to Strengthen Trade Security

The World Customs Organization (WCO) is assisting Bahamas Customs in implementing the AEO Program, aiming to enhance trade security and facilitation. Through training, regulatory drafting, and pilot projects, the Bahamas is gradually establishing an AEO system compliant with international standards. This initiative seeks to improve international competitiveness, promote economic development, and safeguard national security. The program's implementation is significant for the Bahamas and offers valuable lessons for other Caribbean nations. It represents a crucial step towards a more secure and efficient trading environment.