Nicaragua Launches AEO Trade Security Pilot with NORAD Support

Nicaragua Launches AEO Trade Security Pilot with NORAD Support

With support from the Norwegian Agency for Development Cooperation (NORAD) and the World Customs Organization (WCO), Nicaraguan Customs launched an Authorized Economic Operator (AEO) pilot program. This initiative aims to optimize customs procedures and enhance trade security and efficiency through capacity building and Time Release Study (TRS). The program seeks to streamline the flow of goods, reduce release times, and contribute to Nicaragua's economic development by fostering a more secure and efficient trading environment. Ultimately, the AEO program is expected to boost international trade and investment.

Yuanfei Pet Expands into Private Label Pet Food Market

Yuanfei Pet Expands into Private Label Pet Food Market

Yuanfei Pets plans to launch its private label staple food brand by the end of December, marking its official entry into the core pet food market. Previously, Yuanfei Pets started with OEM business, continuously expanding the market through agency of international brands and development of its own brands. The launch of its own staple food brand is a significant step in its brand diversification strategy, which is expected to enhance market competitiveness and achieve a transformation from a 'behind-the-scenes hero' to an 'industry leader'.