WCO Backs Ugandas Trade Reforms to Boost Economy

WCO Backs Ugandas Trade Reforms to Boost Economy

The WCO assisted Uganda in implementing the WTO Trade Facilitation Agreement, enhancing customs capabilities. This support focused on optimizing strategic planning, the Authorized Economic Operator (AEO) program, and risk management. A multi-year development plan was also formulated to guide Uganda Customs in its modernization efforts, streamlining processes and improving efficiency in line with international standards. The collaboration aims to facilitate trade and boost economic growth in Uganda through enhanced customs procedures and improved border management.

01/22/2026 Customs Knowledge
Read More
WCO Updates Harmonized System for Global Trade Classification

WCO Updates Harmonized System for Global Trade Classification

The 59th session of the World Customs Organization's Harmonized System Committee released commodity classification decisions with significant implications for global trade rules. Import and export companies should closely monitor the revisions, understand their national customs implementation details, and consider utilizing professional organizations for commodity classification advance rulings to ensure trade compliance. This proactive approach minimizes potential risks and ensures smooth international trade operations.

01/22/2026 HS Code Query
Read More
WCO Enhances Cambodias Trade Controls to Curb Proliferation

WCO Enhances Cambodias Trade Controls to Curb Proliferation

The World Customs Organization's (WCO) Strategic Trade Control Enforcement (STCE) program helps countries like Cambodia enhance their strategic trade control capabilities through online training and other means, preventing the illicit trafficking of weapons of mass destruction and related items. This article introduces the STCE program's focus, the four pillars of a strategic trade control system, and key tools such as the Strategic Trade Atlas. It emphasizes the importance of strategic trade control in maintaining global security by preventing the proliferation of sensitive goods and technologies that could be used for nefarious purposes.

01/22/2026 Customs Knowledge
Read More
Europe Launches Journal for Global Trade Compliance Research

Europe Launches Journal for Global Trade Compliance Research

The *Customs Scientific Journal*, initiated by the European Regional Training Centre, aims to gather research findings in the European customs field, promote academic exchange, and drive innovation and development in customs practices. The journal focuses on four core themes: customs-business partnerships, professional education, WCO standards application, and best practices. It injects new vitality into academic exchange and practical innovation in the global customs field, providing a platform for sharing knowledge and fostering collaboration among customs professionals and researchers worldwide.

01/22/2026 Customs Knowledge
Read More
US Container Imports Drop Sharply Signaling Trade Slowdown

US Container Imports Drop Sharply Signaling Trade Slowdown

S&P Global data reveals a 3.4% year-over-year decline in US import container shipping volume for October, signaling potentially larger drops in the coming months. Key factors include inventory overhang, structural shifts in consumer demand, and trade policy uncertainty. Businesses should refine demand forecasting and optimize inventory management. Governments need to stabilize trade relations and improve the business environment to collectively navigate this trade downturn.

01/22/2026 Logistics Industry Insights
Read More
Global Trade Challenges Drive Hmms Smart Logistics Push

Global Trade Challenges Drive Hmms Smart Logistics Push

HMM, a leading South Korean shipping company, provides efficient and reliable container transport services through its global network and operational excellence. With customized solutions and a dedicated team, HMM helps businesses achieve seamless global trade connections. As a trusted shipping partner, HMM is committed to delivering value and supporting the success of its customers worldwide. Its focus on innovation and customer satisfaction makes it a key player in the global shipping industry.

01/22/2026 Shipping Company Encyclopedia
Read More
Canadian Pacific Expands Saskatchewan Hub for Asiapacific Trade

Canadian Pacific Expands Saskatchewan Hub for Asiapacific Trade

Canadian Pacific Railway planned to relocate its intermodal operations to the Global Transportation Hub (GTH) by the end of 2012, aiming to enhance freight handling capacity and serve Asia-Pacific trade demands. The new 300-acre facility would have an annual container handling capacity of 250,000, approximately five times that of the existing freight yard. This move was intended to strengthen the integration of rail and road transportation, improve efficiency, and bring economic benefits to Saskatchewan.

01/22/2026 Logistics
Read More
Bernstein Analyzes US Economy Trade Spending Inflation Trends

Bernstein Analyzes US Economy Trade Spending Inflation Trends

Council of Economic Advisers Chair Bernstein, speaking at the Port of Los Angeles, analyzed the US economy from a freight perspective. He emphasized the importance of trade, highlighted consumption as the cornerstone of economic growth, praised the strong job market, and acknowledged that inflation remains a challenge. He stressed the government's commitment to lowering inflation while maintaining employment, boosting purchasing power, and achieving balanced economic growth. The administration is focused on navigating the current economic landscape to ensure stability and prosperity for American citizens.

01/21/2026 Logistics Industry Insights
Read More
Foreign Trade Policy Briefing Event Helps Enterprises Tackle Challenges

Foreign Trade Policy Briefing Event Helps Enterprises Tackle Challenges

In the context of a complex and ever-changing international trade situation, foreign trade enterprises face numerous challenges. To address this, Bao'an District organized a foreign trade policy briefing. The event provided policy interpretations aimed at enhancing companies' risk resistance and seizing market opportunities, thereby promoting the quality improvement and stable development of foreign trade enterprises.

05/20/2025 Logistics
Read More
Global Trade Faces Changes As HS Code Undergoes Fifth Revision

Global Trade Faces Changes As HS Code Undergoes Fifth Revision

The World Customs Organization has released the 5th major revision of the HS Code, involving 233 adjustments across various sectors including agriculture, chemicals, timber, and textiles. This revision aims to improve the accuracy of trade statistics, facilitate trade, and address emerging trade challenges. Businesses should promptly understand these new changes to effectively navigate the evolving landscape of international trade.

01/07/2026 Customs Knowledge
Read More