WCO Standards Accelerate Global Trade Digitalization

WCO Standards Accelerate Global Trade Digitalization

The Secretary General of the World Customs Organization (WCO) highlighted the crucial role of data and technology in driving the global digital transformation of trade at the ICC Future Trade Forum, introducing relevant WCO initiatives. He advocated for the adoption of the WCO Data Model to promote interoperability of trade standards and explored collaboration opportunities with Singapore Customs, the International Chamber of Commerce, and APEC. The aim is to enhance trade efficiency, security, and inclusivity through standardized data and technological advancements in customs procedures and international trade.

01/05/2026 Customs Knowledge
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WCO Aims to Streamline Global Trade Processes

WCO Aims to Streamline Global Trade Processes

The World Customs Organization (WCO) actively participated in the 2023 World Economic Forum, emphasizing the importance of enhancing global trade efficiency through eliminating bureaucratic obstacles, embracing technological innovation, and strengthening international cooperation. WCO Secretary General Dr. Kunio Mikuriya met with various leaders to discuss the role of customs in promoting trade facilitation, aiming to reduce trade costs, promote cross-border investment, and ultimately benefit global consumers. The WCO advocates for streamlined customs procedures and collaborative efforts to foster a more efficient and inclusive global trading system.

01/05/2026 Customs Knowledge
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Suberrys Hong Kong IPO Struggles Amid Ecommerce Growth Concerns

Suberrys Hong Kong IPO Struggles Amid Ecommerce Growth Concerns

The disappointing IPO of cross-border e-commerce company 'Booyu' in Hong Kong highlights the challenges facing the industry. Over-reliance on the US market and third-party platforms, coupled with insufficient brand autonomy, are key concerns. To achieve sustainable growth, companies need to focus on brand building and diversify their sales channels. This incident serves as a reminder of the importance of strategic adaptation in the rapidly evolving cross-border e-commerce landscape.

12/31/2025 Logistics Industry Insights
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Apple Allows Thirdparty Payments Downloads in Brazil

Apple Allows Thirdparty Payments Downloads in Brazil

Brazilian regulators have compelled Apple to adjust its App Store policies, permitting third-party app stores and external payment methods. Apple will levy a 15% fee on external payment links and a 5% technology service fee on apps distributed through third-party stores. This move is expected to offer Brazilian users a more flexible and potentially lower-cost app consumption experience, while also granting developers greater autonomy and control over their distribution and monetization strategies.

01/15/2026 Customs Knowledge
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HS Codes Key to Efficient Crossborder Trade Logistics

HS Codes Key to Efficient Crossborder Trade Logistics

The HS code is a crucial tool in cross-border logistics, assisting customs in identifying goods, ensuring compliance, and determining tariffs. This article provides a detailed overview of the structure, core functions, querying methods, and common mistakes related to HS codes, emphasizing their importance and complexity in cross-border customs clearance.

08/05/2025 Logistics Encyclopedia
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Maximizing Dutyfree Allowances for Personal Items

Maximizing Dutyfree Allowances for Personal Items

This article analyzes the application of duty-free allowances in the customs clearance of personal belongings in international freight forwarding. It introduces duty-free policies and precautions in various scenarios, emphasizing the importance of purchase receipts and personal use attributes. Practical suggestions are provided to enhance the efficiency of customs clearance.

08/04/2025 Customs Knowledge
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ATA Carnet Simplifies International Trade for Businesses

ATA Carnet Simplifies International Trade for Businesses

The ATA Carnet serves as a duty-free passport for international trade, allowing businesses to temporarily import goods into over 80 countries and regions without customs duties. By simplifying customs procedures, it helps companies reduce costs and enhance cross-border business efficiency, making it a vital tool for promoting international trade.

08/05/2025 Customs Knowledge
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Comprehensive Analysis of Customs Clearance Terminology Essential Knowledge for Optimizing Import and Export Processes

Comprehensive Analysis of Customs Clearance Terminology Essential Knowledge for Optimizing Import and Export Processes

This article provides a detailed analysis of key terms and their meanings in customs clearance, assisting import and export practitioners in understanding the customs supervision mechanism. It aims to improve operational efficiency and ensure compliance. The content covers various aspects including cargo management supervision, inspection processes, release standards, and product classification.

07/24/2025 Customs Knowledge
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Guide to Kithira Island National Airport Operations for Travel and Cargo

Guide to Kithira Island National Airport Operations for Travel and Cargo

This article provides a comprehensive overview of Kythira Island National Airport (KIT) in Greece, covering its general information, facilities, air freight operations, customs clearance requirements, and a three-letter code lookup system. It highlights the airport's status as a non-customs airport and explains how to perform customs transit through other airports. Furthermore, it introduces the three-letter code lookup system and a range of practical tools offered by West Coast Cargo, aiming to provide a complete reference for freight professionals and travelers. The article focuses on practical guidance for navigating freight logistics through Kythira.

09/28/2025 Airport Codes
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