Hangzhou Airport Bonded Zone Streamlines Clearance Fuels Air Cargo Growth

Hangzhou Airport Bonded Zone Streamlines Clearance Fuels Air Cargo Growth

The Hangzhou Airport Comprehensive Bonded Zone achieved rapid acceptance in 84 days, thanks to an integrated model. Leveraging the advantages of 'Four Zones and One Hub' (referring to its integrated functions and location), it promotes the quality and efficiency of the export-oriented economy. This streamlined process and strategic positioning are key to boosting international trade and economic growth in the region. The zone aims to facilitate efficient customs clearance and attract foreign investment, ultimately contributing to the development of the airport economic zone.

01/30/2026 Logistics
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WCO Enhances Customs Efficiency Through Time Release Study Program

WCO Enhances Customs Efficiency Through Time Release Study Program

The World Customs Organization (WCO) conducts Technical Operational Advisor (TOA) accreditation workshops to develop Time Release Study (TRS) experts, assisting members in optimizing customs procedures. Through rigorous assessment and training, accredited TOAs will participate in technical assistance missions, enhancing global customs efficiency and promoting trade facilitation. This initiative aims to build capacity within member administrations to conduct and utilize TRS effectively, leading to improved border management and reduced trade costs. The TOA program is a key component of the WCO's efforts to modernize customs operations worldwide.

01/22/2026 Customs Knowledge
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New Customs Rules Affect Licensing Fees Royalties

New Customs Rules Affect Licensing Fees Royalties

The World Customs Organization (WCO) has released new Advisory Opinion 4.19 on customs valuation, addressing the complex valuation issues related to royalties and license fees under Article 8.1(c) of the Customs Valuation Agreement. This opinion clarifies the valuation principles for single royalties encompassing both patents and trademarks. It assists businesses in accurately calculating import costs, reducing valuation disputes, and promoting the healthy development of international trade. This guidance aims to provide clarity and consistency in the application of customs valuation rules related to intellectual property rights.

01/26/2026 Customs Knowledge
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Vanuatu Customs Boosts Trade Efficiency with WCO Study

Vanuatu Customs Boosts Trade Efficiency with WCO Study

The World Customs Organization (WCO) conducted a Time Release Study (TRS) workshop for the Vanuatu Customs and Inland Revenue Department to enhance customs efficiency and promote trade facilitation. The workshop covered TRS methodology, software applications, and action plan development. Through the TRS, Vanuatu aims to reduce cargo release times, improve the business environment, and fulfill its obligations under the WTO Trade Facilitation Agreement. This initiative is expected to streamline customs procedures and contribute to economic growth by reducing delays and costs associated with international trade.

02/06/2026 Customs Knowledge
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Delayed Payment Fees Impact Import Process Efficiency

Delayed Payment Fees Impact Import Process Efficiency

A late payment fee refers to the charge that freight forwarders or customs brokers impose on customers after paying customs duties and value-added tax on their behalf, typically calculated as a percentage of the amount paid. Understanding this fee can help businesses optimize their import processes, control costs, and enhance market competitiveness.

08/05/2025 Customs Knowledge
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Guide to Customs Tax Exemptions and Classification Codes

Guide to Customs Tax Exemptions and Classification Codes

The customs tax exemption nature code is a powerful tool for managing import and export duties, involving aspects such as statutory taxation, legal exemptions, and specific regional policies. Each exemption nature has a corresponding code, targeting specific goods and purposes, and guiding enterprises in compliant customs declarations. By thoroughly understanding these codes and their applicability, businesses can optimize their customs processes, reduce costs, and enhance the efficiency and effectiveness of international trade.

08/06/2025 Logistics Encyclopedia
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Dutch Importers Face New TTW Tariff Rules

Dutch Importers Face New TTW Tariff Rules

This article provides a detailed analysis of the composition of the Dutch import customs duty bill (TTW), clarifying the components of the customs debt and differentiating it from national taxes. It aims to help businesses better understand and navigate customs duty issues in the Dutch import process, ultimately enabling them to effectively control import costs. The article focuses on the structure of the TTW bill and its implications for businesses importing goods into the Netherlands.

11/03/2025 Customs Knowledge
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Latin America Adopts Revised Kyoto Convention to Streamline Trade

Latin America Adopts Revised Kyoto Convention to Streamline Trade

The World Customs Organization (WCO) is promoting the Revised Kyoto Convention (RKC) in Brazil, encouraging Latin American countries to join. The WCO emphasizes the RKC's importance for trade facilitation and supply chain security. Joining the RKC can streamline customs procedures, reduce trade costs, and enhance the predictability of international trade. This initiative aims to improve the efficiency and security of trade flows within the region and globally by adopting international standards for customs procedures.

12/30/2025 Customs Knowledge
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Virtual Classrooms Revolutionize Customs Training Worldwide

Virtual Classrooms Revolutionize Customs Training Worldwide

A guide to transforming to a customs live virtual classroom: break through time and space limitations, reduce costs, enhance interaction, and improve team professional capabilities. This approach offers a flexible and engaging learning environment, allowing customs personnel to access training resources regardless of their location. By leveraging virtual technology, customs organizations can optimize training budgets while fostering a more interactive and collaborative learning experience, ultimately leading to enhanced skills and improved performance across the board.

01/05/2026 Customs Knowledge
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Philippines Enhances Trade with Wcobacked National Team

Philippines Enhances Trade with Wcobacked National Team

The WCO is assisting Philippine Customs in building a trade facilitation team to improve trade efficiency and support the work of the Philippine Trade Facilitation Committee. This initiative aims to streamline customs procedures, reduce trade costs, and enhance the overall competitiveness of the Philippines in the global market. By strengthening the capacity of Philippine Customs, the WCO is contributing to the country's efforts to implement trade facilitation measures and promote economic growth.

01/05/2026 Customs Knowledge
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