WCO Revises Customs Valuation Rules to Reduce Trade Risks

WCO Revises Customs Valuation Rules to Reduce Trade Risks

The World Customs Organization has released updated Customs Valuation tools, focusing on revised advisory opinions regarding royalties and the valuation of private label goods. These new guidelines aim to assist businesses in more accurately understanding and applying customs valuation rules, reducing trade costs, improving customs clearance efficiency, and mitigating potential risks. The updates provide clarity on complex valuation issues, ensuring fair and consistent application of international trade regulations. This will ultimately facilitate smoother cross-border transactions and promote greater trade compliance.

01/26/2026 Customs Knowledge
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Tajikistan Boosts Trade Efficiency with WCO Time Release Study

Tajikistan Boosts Trade Efficiency with WCO Time Release Study

The World Customs Organization (WCO) provided Goods Release Time Study (TRS) capacity building assistance to Tajikistan Customs, aiming to optimize customs procedures. TRS, a diagnostic tool, enhances customs efficiency, reduces trade costs, and promotes international trade facilitation through time measurement, bottleneck identification, and reform recommendations. The assistance included workshops, methodological guidance, and experience sharing, helping Tajikistan improve clearance efficiency and promote economic development. The goal is to streamline processes and contribute to a more efficient and competitive trade environment for Tajikistan.

01/26/2026 Customs Knowledge
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Moldova Simplifies Ecommerce Customs with WCO Backing

Moldova Simplifies Ecommerce Customs with WCO Backing

With the support of the Swiss State Secretariat for Economic Affairs (SECO), the World Customs Organization (WCO) held an e-commerce workshop for the Moldovan Customs Service (MCS) to enhance its cross-border e-commerce processing capabilities. By streamlining procedures, promoting information sharing, and aligning with WCO standards, the MCS aims to accelerate customs clearance, reduce costs, and integrate into the global e-commerce ecosystem. Follow-up technical assistance focusing on relief consignments will be provided to further improve customs efficiency.

01/26/2026 Customs Knowledge
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Estonia Adopts Revised Kyoto Convention to Boost Trade Efficiency

Estonia Adopts Revised Kyoto Convention to Boost Trade Efficiency

The World Customs Organization announced that Estonia has officially acceded to the Revised Kyoto Convention. This signifies Estonia's alignment of its customs management with international standards. By simplifying and harmonizing customs procedures, and applying risk management, this move aims to improve customs clearance efficiency, reduce trade costs, and optimize the investment environment, contributing to global trade facilitation. Estonia's adoption of the Revised Kyoto Convention demonstrates its commitment to streamlined and efficient trade practices, further integrating it into the global trading system.

02/05/2026 Customs Knowledge
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Customs Clearance Invoice and Bill Handling Guide: Key Analysis of Split and Consolidated Invoicing

Customs Clearance Invoice and Bill Handling Guide: Key Analysis of Split and Consolidated Invoicing

This article provides a detailed analysis of how to prepare customs declaration packing lists and invoices for clients in international trade, according to the principle of 'separate customs declaration, consolidated documentation.' It emphasizes the impact of destination port customs clearance requirements on document preparation and highlights the independence between customs declaration in the exporting country and customs clearance in the importing country.

07/21/2025 Customs Knowledge
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Qingdao Customs: Significant Improvement in Customs Efficiency for Exports to South Korea

Qingdao Customs: Significant Improvement in Customs Efficiency for Exports to South Korea

Data from Qingdao Customs shows a significant improvement in customs clearance efficiency for foreign trade enterprises dealing with South Korea, with sea freight times reduced by 34.78% and air freight times increased by 71.43%. This progress is driven by policy benefits and technological innovation, particularly the AEO mutual recognition policy and the consolidated tax reform. Additionally, modern technologies such as the Internet of Things have greatly enhanced customs efficiency, significantly lowering business costs.

07/21/2025 Logistics
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Mexicos New Customs Law to Raise Business Costs in 2026

Mexicos New Customs Law to Raise Business Costs in 2026

Mexico's new Customs Law, set to take effect in 2026, strengthens regulations and promotes digitalization. It impacts areas such as declarations, customs clearance, and risk monitoring. This new law is expected to increase compliance costs for businesses and affect various stakeholders. The updated regulations aim to enhance security and efficiency in customs procedures, but also necessitate adjustments and investments from companies involved in trade with Mexico to ensure adherence to the new requirements.

01/15/2026 Customs Knowledge
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US Maritime Customs Inspections Key Factors in Delays

US Maritime Customs Inspections Key Factors in Delays

This article delves into the factors influencing the duration of US ocean freight inspections, including cargo type, destination port, inspection complexity, and customs personnel availability. It also provides a detailed overview of the inspection process. Understanding these factors can help businesses better estimate inspection times, optimize logistics strategies, reduce costs, and expedite customs clearance. By gaining insights into the intricacies of US customs inspections, companies can proactively manage their supply chains and minimize potential delays.

02/02/2026 Customs Knowledge
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WCO ASAPRA Partner to Simplify Customs Enhance Trade Compliance

WCO ASAPRA Partner to Simplify Customs Enhance Trade Compliance

The World Customs Organization (WCO) and the Association of Professional Customs Brokers of the Americas (ASAPRA) are deepening cooperation to enhance trade facilitation and compliance through information sharing, training collaboration, and technological innovation. This initiative aims to reduce compliance costs for businesses, improve customs clearance efficiency, and enhance global competitiveness. By fostering a smoother and more efficient trade environment, this partnership will help businesses seize trade opportunities and build a shared future.

02/03/2026 Customs Knowledge
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WCO Enhances Kyrgyzstans Customs for Trade Efficiency

WCO Enhances Kyrgyzstans Customs for Trade Efficiency

The WCO, in collaboration with the OSCE, is assisting the Kyrgyz Republic Customs in launching a new round of Time Release Study (TRS). This initiative aims to optimize customs clearance procedures, reduce trade costs, and promote economic development within the country. By analyzing the time taken for goods to be released, the study will identify bottlenecks and areas for improvement in the customs process, ultimately leading to enhanced trade facilitation and increased efficiency.

02/03/2026 Customs Knowledge
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