New HS Code Rules Affect Importers and Exporters of Key Food Products

New HS Code Rules Affect Importers and Exporters of Key Food Products

The Harmonized System Committee of the World Customs Organization has revised the correlation table of commodities under subheadings 1605.54 and 1605.59 in the 2012 and 2017 editions of the Harmonized System. Enterprises involved in the import and export of relevant aquatic invertebrate products should pay attention to and adjust their commodity code declarations to ensure trade compliance and avoid losses caused by incorrect coding.

WCO Aids Guyana in Modernizing Customs Procedures

WCO Aids Guyana in Modernizing Customs Procedures

The World Customs Organization (WCO) provides strategic support to the Guyana Revenue Authority (GRA) to facilitate customs modernization and compliance with the WTO's Trade Facilitation Agreement. This support involves assessing the GRA's current state, identifying challenges, and recommending improvements. The initiative aims to enhance the GRA's operational efficiency and contribute to Guyana's economic development. This demonstrates the WCO's active role in promoting global trade facilitation.

Amazon Seller United Furniture Closes Amid Crossborder Ecommerce Woes

Amazon Seller United Furniture Closes Amid Crossborder Ecommerce Woes

A US home goods giant collapsed, a European e-commerce company went bankrupt, and e-commerce platforms are laying off employees, signaling a winter for cross-border e-commerce. Survival requires refined operations, brand building, compliance, and active collaboration. The industry is undergoing a significant reshuffle, forcing companies to adapt to challenging market conditions and prioritize efficiency and strategic partnerships to weather the storm.