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.

Guam Airport Strengthens Western Pacific Connectivity

Guam Airport Strengthens Western Pacific Connectivity

Guam's Antonio B. Won Pat International Airport, located in Agana, Guam, is a vital civilian airport. Serving as an operating base for United Airlines and Asia Pacific Airlines, the airport has a rich history, originating as a military airfield during World War II. After multiple expansions, the airport boasts modern facilities and a comprehensive route network, connecting Guam with Asia and the Pacific region. It is not only Guam's aerial gateway but also a key facilitator of local tourism and economic development.

Asiapacific Air Cargo Demand Rises on Global Trade Shifts

Asiapacific Air Cargo Demand Rises on Global Trade Shifts

The Association of Asia Pacific Airlines (AAPA) reported a 5.6% year-on-year increase in air cargo demand in the Asia-Pacific region for June, accompanied by rising freight rates. This growth was primarily driven by manufacturing recovery and advanced shipments. Passenger traffic also experienced significant growth. However, the AAPA cautioned that declining business confidence could impact the future market. Airlines need to be vigilant about cost pressures and actively seek growth opportunities to navigate potential challenges and capitalize on emerging trends.

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Southeast Asias Ecommerce Faces Disruption with Plugos D2C Push

Southeast Asias Ecommerce Faces Disruption with Plugos D2C Push

Singapore-based eCommerce SaaS platform Plugo has raised $9 million in Series A funding to help D2C brands build independent online stores in Southeast Asia, aiming to challenge Shopify. Plugo will initially launch in Indonesia before expanding across Southeast Asia. The platform provides tools and infrastructure for brands to create and manage their own online presence, offering an alternative to relying solely on marketplaces or existing eCommerce platforms. This funding will accelerate Plugo's growth and product development in the region.