US Industrial Real Estate Defies Ecommerce Slowdown

US Industrial Real Estate Defies Ecommerce Slowdown

CBRE's Q1 data reveals a resilient US industrial real estate market, despite adjustments. New supply reached a record high, and vacancy rates slightly increased. However, rents continued to rise. While e-commerce growth slowed and financing became more challenging, demand is normalizing. Overall, the industrial real estate sector demonstrates continued strength. Although facing headwinds, the long-term outlook for industrial real estate remains positive, suggesting continued growth potential.

Sierra Leone Adopts Wcos Ncen System to Strengthen Risk Management

Sierra Leone Adopts Wcos Ncen System to Strengthen Risk Management

Under the Mercator Program, the World Customs Organization (WCO) supports Sierra Leone in deploying the nCEN system to enhance risk management and customs valuation capabilities. Through technical assistance, training, and experience sharing, the WCO assists Sierra Leone in establishing an efficient and secure customs system, promoting trade facilitation and economic development. This initiative aims to strengthen customs procedures and improve overall border management in Sierra Leone, contributing to a more streamlined and secure trading environment.

WCO Enhances Bolivian Customs for Trade Efficiency

WCO Enhances Bolivian Customs for Trade Efficiency

A WCO online workshop assisted Bolivian Customs in rebuilding its human resources department, enhancing talent management, and promoting trade facilitation. The workshop focused on strengthening customs administration through improved HR practices. This initiative aims to boost organizational effectiveness and efficiency within Bolivian Customs, ultimately contributing to better border management and smoother trade flows. The WCO's support is crucial for developing sustainable capacity building programs and fostering a skilled workforce within the customs administration.

WCO Promotes Green Customs for Sustainable Trade

WCO Promotes Green Customs for Sustainable Trade

The WCO's 'Global Green Customs Conference' brought together experts in trade, customs, and environment to discuss border environmental protection. The conference focused on topics such as the circular economy, waste trade, timber trade, and HS code classification, emphasizing the crucial role and responsibility of customs in promoting green trade, combating illegal trade, and building a sustainable future. The conference aimed to strengthen international cooperation, raise public awareness, and collectively address global environmental challenges.

Cambodia Strengthens Anticounterfeit Efforts with WCO Backing

Cambodia Strengthens Anticounterfeit Efforts with WCO Backing

The WCO is assisting Cambodian Customs in combating counterfeit and pirated goods, enhancing its border enforcement capabilities for intellectual property rights, and protecting consumer rights and public health and safety. This collaboration aims to strengthen Cambodia's ability to prevent the entry of illicit goods, safeguarding legitimate businesses and ensuring the well-being of its citizens. The WCO's support includes training, technical assistance, and the sharing of best practices in customs enforcement and intellectual property protection.

Asiapacific Nations Crack Down on Illegal Plastic Waste Trade

Asiapacific Nations Crack Down on Illegal Plastic Waste Trade

The Asia-Pacific region faces a significant challenge from the illegal trade of plastic waste. The Asia Pacific Plastic Waste (APPW) project, initiated by the World Customs Organization, aims to strengthen customs' response capabilities, mitigate the threat of illegal shipments, and promote the Basel Convention amendment. Through Coordinated Border Management (CBM) and international cooperation, the project seeks to effectively control and facilitate plastic waste trade, collectively building a future without 'plastic enclaves'.

WCO Warns of Supply Chain Risks at ADBI Conference

WCO Warns of Supply Chain Risks at ADBI Conference

The Secretary General of the World Customs Organization highlighted the importance of global supply chain resilience at the Asian Development Bank Institute Annual Conference. He pointed to challenges such as digitalization, data standardization, disruptive technologies, e-commerce, environmental concerns, and border conflicts. He emphasized the crucial role of customs in enhancing supply chain resilience and called for strengthened international cooperation to address the challenges facing global supply chains, ultimately promoting sustainable and inclusive economic development.

US Customs Extends CTPAT Program to Nonasset 3pls

US Customs Extends CTPAT Program to Nonasset 3pls

U.S. Customs and Border Protection (CBP) launched a five-year pilot program, for the first time allowing non-asset based Third-Party Logistics (3PL) providers to participate in the Customs-Trade Partnership Against Terrorism (CTPAT). This aims to strengthen supply chain security and address potential vulnerabilities. Participating companies must meet security standards, receive facilitation benefits, and contribute to overall supply chain security enhancement. The pilot program will provide experience for future CTPAT program expansion.

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Trump Win Raises Trade Risks for Importers

Trump Win Raises Trade Risks for Importers

Trump's election brings uncertainty to global trade, particularly with NAFTA renegotiation and border wall policies, potentially increasing importer risks. Companies should diversify supply chains, strengthen risk management, build long-term relationships with suppliers, and closely monitor policy changes. Locking in exchange rates when necessary can also help mitigate these challenges. Proactive measures are crucial for businesses to navigate the evolving trade landscape under the new administration and minimize potential disruptions to their operations and profitability.