WTO Stresses Trade Facilitation to Boost Global Commerce

WTO Stresses Trade Facilitation to Boost Global Commerce

During the 10th WTO Ministerial Conference, the World Customs Organization and the Kenya Revenue Authority co-hosted a side event focusing on trade facilitation. The event highlighted the importance of coordinated border management, Authorized Economic Operator programs, Time Release Studies, and National Trade Facilitation Committees. It aimed to promote the participation of SMEs and women in global value chains. Participants called for collaborative efforts to overcome challenges and continuously advance trade facilitation, ultimately fostering global trade prosperity. This includes simplifying procedures and harmonizing standards to reduce costs and delays for businesses.

02/03/2026 Customs Knowledge
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Moldova Boosts Trade Compliance with Wcobacked Customs Upgrades

Moldova Boosts Trade Compliance with Wcobacked Customs Upgrades

The World Customs Organization (WCO) held a Customs Valuation Workshop in Moldova, aiming to enhance the understanding and application of the WTO Valuation Agreement among Moldovan customs officials. The workshop focused on strengthening the role of valuation databases in risk assessment, standardizing valuation procedures, and addressing challenging issues such as the valuation of second-hand goods, the determination of assistance costs, and license fees. This initiative contributes to trade facilitation and economic development by improving customs valuation practices in Moldova.

02/03/2026 Customs Knowledge
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2017 HS Code Revisions Impact Global Trade Practices

2017 HS Code Revisions Impact Global Trade Practices

The World Customs Organization (WCO) implemented its fifth major revision to the Harmonized System (HS) Nomenclature and Coding system in 2017. This revision includes 233 sets of amendments spanning key sectors such as agriculture, chemicals, timber, textiles, base metals, machinery, and transportation. The aim of this revision is to enhance the accuracy and applicability of HS codes, thereby having a profound impact on global trade. These changes are crucial for businesses involved in international trade to ensure compliance and accurate classification of goods.

02/03/2026 HS Code Query
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Iran Japan Sign Customs Pact to Boost Trade

Iran Japan Sign Customs Pact to Boost Trade

Iran and Japan signed a Mutual Assistance and Cooperation Agreement on Customs Matters, aiming to strengthen bilateral cooperation in the customs area. The agreement facilitates information sharing, joint research, and administrative assistance. Based on the World Customs Organization's Model Agreement, it will promote trade growth, enhance trade security, and improve the investment climate. This agreement sets a precedent for global customs cooperation, fostering a more secure and efficient international trade environment between the two nations. It is expected to significantly boost economic ties and streamline customs procedures.

02/03/2026 Customs Knowledge
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Wcos 2021 SAFE Framework Enhances Global Trade Security

Wcos 2021 SAFE Framework Enhances Global Trade Security

The World Customs Organization (WCO) SAFE Framework 2021 has been officially released, adding a core element of cooperation between customs and other government agencies, and revising content such as smart security devices and mutual recognition arrangements. It aims to enhance supply chain security, efficiency, and transparency, reduce trade costs, and promote global trade facilitation and sustainable development. The updated framework emphasizes collaboration and technology to improve the overall security and flow of goods across international borders.

02/03/2026 Customs Knowledge
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Wildberries Expands Crossborder Trade with Subsidies Faster Delivery

Wildberries Expands Crossborder Trade with Subsidies Faster Delivery

Wildberries has undergone a comprehensive upgrade, launching official subsidy policies and the DPX official logistics solution to enhance cross-border business competitiveness. Sellers can seize opportunities for business growth by participating in platform activities, utilizing subsidies, and optimizing product information. VIOMALL cross-border distribution platform provides sellers with a full-chain solution, helping them easily engage in cross-border trade. This upgrade aims to streamline operations and boost sales for international sellers on the Wildberries platform.

02/03/2026 Logistics Industry Insights
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Bill of Lading Crucial Document in Global Trade

Bill of Lading Crucial Document in Global Trade

The Bill of Lading (B/L) is a crucial document in international trade, serving as a receipt for goods, evidence of a contract of carriage, and a document of title. This paper provides an in-depth analysis of the B/L's functions, operational key points, and distinctions from other transport documents. It also explores the influencing factors of ocean freight rates and transit times. The study emphasizes the central role of the B/L in international trade and its future development trends, highlighting its significance in facilitating global commerce and ensuring secure cargo delivery.

02/03/2026 Document Interpretation
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Ebay Sellers Face Risks in Counterfeit Goods Trade

Ebay Sellers Face Risks in Counterfeit Goods Trade

This article delves into the risks and opportunities associated with selling counterfeit products on eBay, revealing the legal risks and platform penalties behind high profits. It explores the 'survival' tactics for counterfeit sellers but also proposes feasible suggestions for transitioning to genuine or unbranded products. The aim is to help sellers achieve compliant and sustainable development on the eBay platform by mitigating risks and exploring alternative business models.

01/04/2026 Customs Knowledge
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Melbourne Port Expands Australias Trade and Logistics Potential

Melbourne Port Expands Australias Trade and Logistics Potential

This article provides an in-depth analysis of the Port of Melbourne's geographical advantages, throughput, shipping network, customs clearance procedures, logistics services, fee structure, and partner shipping companies. It aims to offer import and export businesses a comprehensive operational guide to efficiently utilize the Port of Melbourne. The guide helps businesses optimize logistics costs, enhance supply chain resilience, and seize opportunities in the Australian market. It covers key aspects like navigating customs, understanding port fees, and selecting appropriate shipping lines to maximize efficiency and minimize potential delays.

12/29/2025 Port Encyclopedia
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Brest Port Expands Trade Routes in Northwest France

Brest Port Expands Trade Routes in Northwest France

The Port of Brest, a vital comprehensive hub in northwestern France, boasts a prime location and robust logistics services. This paper provides an in-depth analysis of key information including the port code, route network, customs clearance procedures, logistics services, fee structure, operating hours, and shipping partnerships. The aim is to assist import and export companies in seizing opportunities, optimizing logistics costs, and enhancing supply chain resilience. This comprehensive overview enables businesses to navigate the complexities of utilizing the Port of Brest effectively for international trade.

12/29/2025 Port Encyclopedia
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