WCO Revises Customs Valuation Rules to Reduce Trade Risks

WCO Revises Customs Valuation Rules to Reduce Trade Risks

The World Customs Organization has released updated Customs Valuation tools, focusing on revised advisory opinions regarding royalties and the valuation of private label goods. These new guidelines aim to assist businesses in more accurately understanding and applying customs valuation rules, reducing trade costs, improving customs clearance efficiency, and mitigating potential risks. The updates provide clarity on complex valuation issues, ensuring fair and consistent application of international trade regulations. This will ultimately facilitate smoother cross-border transactions and promote greater trade compliance.

Asiapacific Nations Strengthen IP Border Enforcement

Asiapacific Nations Strengthen IP Border Enforcement

The WCO Asia-Pacific Regional Workshop on Intellectual Property Border Enforcement was successfully held in Shanghai, bringing together customs representatives and experts from 26 countries. The workshop focused on the harms of intellectual property infringement, the application of the TRIPS Agreement, the use of the IPM system, the identification of genuine and counterfeit goods, and risk assessment. Through experience sharing and practical exercises, the event enhanced the intellectual property protection capabilities of customs officers, promoted international cooperation, and fostered innovation and prosperity.

Iran WCO Host Trade Facilitation Workshop

Iran WCO Host Trade Facilitation Workshop

Iran, in collaboration with the World Customs Organization, hosted a national workshop on the Harmonized System (HS). The workshop aimed to enhance the professional capabilities of Iran Customs in commodity classification, promote the uniform application of the HS, and strengthen cooperation with international organizations. This initiative is expected to contribute to the country's economic development by facilitating smoother international trade and ensuring accurate tariff application. The focus was on improving the efficiency and accuracy of customs procedures related to the HS nomenclature.

WCO Advocates Gender Equality to Strengthen Supply Chains

WCO Advocates Gender Equality to Strengthen Supply Chains

On International Women's Day, the World Customs Organization (WCO) emphasized empowering women's leadership and promoting gender equality and diversity to build more resilient and sustainable supply chains. Through the release of the 'Compendium on Gender Equality and Diversity in Customs' and ongoing training and collaboration, the WCO is committed to advancing gender equality and diversity within the global customs community. These efforts contribute to building a more just and prosperous world by fostering inclusivity and equal opportunities within international trade and customs practices.

Lesotho Revenue Authority Adopts Competencybased HR Reform

Lesotho Revenue Authority Adopts Competencybased HR Reform

The Lesotho Revenue Authority (LRA), with support from the World Customs Organization, is actively modernizing its GRH system based on competency models. Through the establishment of working groups, development of competency models, and participation in customized training programs, the LRA aims to improve employee quality, enhance organizational effectiveness, and strengthen organizational competitiveness. This experience provides valuable lessons for other tax authorities. The transformation focuses on building a skilled and efficient workforce to effectively manage tax administration and contribute to national development.

Seychelles Customs Officials Enhance Valuation Skills in WCO Training

Seychelles Customs Officials Enhance Valuation Skills in WCO Training

The World Customs Organization (WCO) conducted a customs valuation training in Seychelles to enhance the practical skills of the country's customs officers. The training focused on the core principles of the WTO Agreement on Customs Valuation, combining theoretical knowledge with practical exercises. This initiative is part of the WCO's capacity building project, aimed at assisting developing countries in improving customs administration, promoting trade facilitation, and increasing revenue collection. Accurate customs valuation is crucial for ensuring revenue integrity and maintaining fair trade practices.

Mexico Hikes Tariffs Erodes Chinas Trade Edge

Mexico Hikes Tariffs Erodes Chinas Trade Edge

Mexico's increased tariffs on imports from China and other Asian countries aim to protect domestic jobs and support local manufacturing, but raise concerns about rising costs. Chihuahua's export growth, driven by high-tech industries, highlights the complexity of the Mexican economy. Businesses need to reassess the cost advantages of nearshoring, be wary of policy risks, and consider diversifying their supply chain arrangements. The tariff changes could significantly impact companies relying on cost-effective imports and necessitate a re-evaluation of sourcing strategies.

Uschina Talks Reduce Tiktok Risks Boost Crossborder Ecommerce

Uschina Talks Reduce Tiktok Risks Boost Crossborder Ecommerce

The China-US talks reached a consensus on the TikTok issue, reducing policy risks for cross-border e-commerce sellers and creating a more stable environment for their business development on the TikTok platform. Sellers can seize this opportunity to strengthen their strategies and leverage tools like E-Cang ERP to improve operational efficiency and capture growth opportunities. This agreement provides more certainty and encourages investment in the TikTok e-commerce ecosystem for businesses operating between China and the US.

Mexicos Ecommerce Surge Drives Fashion Sales Growth

Mexicos Ecommerce Surge Drives Fashion Sales Growth

Recent research indicates that 94% of Mexican online shoppers are influenced by online advertising, with a surge in demand for apparel and footwear. The report highlights the significant potential of the Mexican fashion e-commerce market, driven by the rise of online channels. Male fashion consumption is particularly prominent, and the children's wear market is experiencing rapid growth. Brands and sellers should focus on the consumption preferences of the younger generation and develop precise marketing strategies to capitalize on market opportunities.

Lazada Sellers Face Order Limits Ahead of Major Sale

Lazada Sellers Face Order Limits Ahead of Major Sale

This article delves into the reasons behind order volume limitations (OVL) faced by Lazada sellers during mega sales events. It focuses on the OVL mechanism, explaining how it works and why it's implemented. Furthermore, it provides practical advice on how to avoid and lift OVL restrictions, aiming to help sellers navigate mega sales smoothly and achieve sales growth. The guide offers actionable strategies to optimize listings, improve fulfillment capabilities, and communicate effectively with Lazada to minimize the impact of order limits.