Hong Kong Files WTO Complaint Over US Tariffs

Hong Kong Files WTO Complaint Over US Tariffs

The Hong Kong SAR government has filed a complaint with the WTO regarding the US's imposition of tariffs, citing violations of WTO rules and disregard for Hong Kong's status as a separate customs territory. This action aims to protect Hong Kong's trade interests, defend multilateral trade principles, and promote the resolution of international trade disputes. Hong Kong will closely monitor developments, safeguard its trade position, and calls on the international community to jointly uphold WTO rules.

11/03/2025 Customs Knowledge
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New Code CBCYCY2NFBU Streamlines International Fund Transfers

New Code CBCYCY2NFBU Streamlines International Fund Transfers

This article details the SWIFT/BIC code CBCYCY2NFBU of the Central Bank of Cyprus and its significance in international remittances. It thoroughly analyzes the structure of the SWIFT code and provides a step-by-step guide for locating it, along with specific procedures that need to be followed during the remittance process. This information aids readers in conducting cross-border fund transfers more effectively.

09/05/2025 International Settlement
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Hibret Bank Ethiopia Simplifies SWIFT Codes for International Transfers

Hibret Bank Ethiopia Simplifies SWIFT Codes for International Transfers

Hibret Bank's SWIFT code UNTDETAAXXX is used for international money transfers to Ethiopia. It's crucial to verify this information and understand the bank's procedures for handling errors and required information for receiving funds. This ensures secure and efficient international remittances to Hibret Bank in Ethiopia. Double-checking details with the sending and receiving banks is highly recommended to avoid delays or complications with the transfer process.

09/02/2025 International Settlement
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IATA Launches Global Zoning System to Streamline Air Travel

IATA Launches Global Zoning System to Streamline Air Travel

The International Air Transport Association (IATA) divides the world into three IATA Areas based on economic, social, and trade development levels, establishing uniform freight regulations. Area 1 encompasses North, Central, and South America, including Greenland. This zoning approach aims to ensure fair, efficient, and orderly international air cargo operations. It facilitates standardized procedures and pricing, promoting seamless global trade and logistics within the air freight industry.

09/26/2025 Logistics Encyclopedia
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Freight Booking Simplified Key Steps for Shipping Orders

Freight Booking Simplified Key Steps for Shipping Orders

This article provides a detailed explanation of key terms in foreign trade booking, including Booking, Booking Note, Booking Confirmation, and Shipping Order (S/O), highlighting their meanings and differences. It also offers practical booking procedures and essential considerations to help foreign trade professionals easily master booking skills and successfully conduct international trade. This guide aims to simplify the booking process and ensure smooth international shipping operations.

09/26/2025 Logistics Encyclopedia
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Shanghaibangkok Trucking Route Reduces Costs Improves Efficiency

Shanghaibangkok Trucking Route Reduces Costs Improves Efficiency

Driven by increasing China-Thailand trade, road freight demand is surging. Shanghai Audunweis International Freight Forwarding Co., Ltd. offers full truckload (FTL) transportation services from Shanghai to Bangkok, featuring nationwide pickup, bilateral customs declaration, DDP (Delivered Duty Paid), and direct door-to-door delivery, helping businesses reduce costs and improve efficiency. With eight years of industry experience and a reputation for integrity, the company provides route options covering major Chinese cities, making them a reliable China-Thailand road freight partner.

08/21/2025 Logistics
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China Tightens Wildlife Trade Rules to Boost Conservation

China Tightens Wildlife Trade Rules to Boost Conservation

The Endangered Species Import and Export Management Office of the People's Republic of China, in conjunction with the General Administration of Customs, has issued an announcement updating the 'Import and Export Commodity Catalogue of Wild Fauna and Flora Species'. This aims to strengthen the supervision of wild fauna and flora import and export, ensuring international trade complies with relevant conventions. Enterprises and individuals are required to carefully review the latest catalogue, abide by laws and regulations, and jointly maintain biodiversity.

08/21/2025 Customs Knowledge
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Freight Forwarding Guide Highlights Cost Savings and Pitfalls

Freight Forwarding Guide Highlights Cost Savings and Pitfalls

Based on the author's experience in freight forwarding, this article delves into various costs associated with consolidation, including drop-off fees, pre-entry port fees, Brazilian THC, and surcharges from shipping companies. It provides practical operational advice and tips to avoid common pitfalls in key areas such as customs declaration, cargo entry inquiry, dangerous goods identification, and MBL/HBL telex release. The aim is to help readers effectively control consolidation costs, improve efficiency, and ensure cargo safety throughout the shipping process.

08/21/2025 Logistics Encyclopedia
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Freight Forwarders Advise on Correcting Bill of Lading Errors

Freight Forwarders Advise on Correcting Bill of Lading Errors

Bill of Lading (B/L) errors are common in foreign trade. This article provides practical strategies: First, identify the error type. Then, contact your freight forwarder for assistance; they will communicate with the shipping company and customs broker. If modification is impossible, negotiate with the shipping company. Choosing a suitable freight forwarder is crucial, and continuous learning can improve your ability to handle such situations. Proactive communication and documentation are key to minimizing potential disruptions and costs associated with B/L discrepancies.

08/21/2025 Logistics Encyclopedia
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New Exporters Guide to Mastering LCL Shipping Quotes

New Exporters Guide to Mastering LCL Shipping Quotes

This article provides a detailed analysis of the components of an LCL quotation, including ocean freight, warehouse handling fees, customs declaration fees, bill of lading fees, domestic transportation fees, and destination port charges. It also addresses potential issues that foreign trade novices may encounter during the quotation process and offers suggestions to help them avoid risks and improve the professionalism and competitiveness of their quotations. The aim is to provide a comprehensive understanding of LCL pricing for those new to international trade.

08/22/2025 Logistics Encyclopedia
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