WCO Mechanism Boosts Global Trade Efficiency

WCO Mechanism Boosts Global Trade Efficiency

The 6th meeting of the World Customs Organization (WCO) Working Group on Performance Measurement successfully concluded, marking significant progress in the development of the WCO Performance Measurement Mechanism (PMM). The meeting finalized the first edition of PMM Key Performance Indicators, advanced the implementation of the data collection platform, and improved the self-assessment and peer review guidelines. These efforts aim to enhance customs efficiency, facilitate trade, and strengthen international cooperation, ultimately contributing positively to global trade development. The PMM will serve as a valuable tool for customs administrations worldwide.

01/05/2026 Customs Knowledge
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South Africas SARS Boosts Female Leadership in Organizational Overhaul

South Africas SARS Boosts Female Leadership in Organizational Overhaul

The World Customs Organization (WCO) held an all-women leadership workshop in South Africa for the South African Revenue Service (SARS). The workshop aimed to enhance the leadership skills of female managers and promote institutional reform. Focusing on the challenges faced by SARS, the workshop covered topics such as strategic management and personnel management. Participants actively engaged and benefited greatly. Funded by the Finnish Ministry for Foreign Affairs, the event reflects the importance placed on women's leadership development and customs modernization. This initiative contributes to building a more inclusive and effective customs administration.

01/07/2026 Customs Knowledge
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WTO Advocates Trade Transparency Via Advance Rulings

WTO Advocates Trade Transparency Via Advance Rulings

This article explores the role of advance rulings in international trade, highlighting the legal certainty and risk management advantages they offer to businesses and customs in terms of classification, origin, and valuation. The technical guidelines from the World Customs Organization support the implementation of advance rulings by countries, promoting trade efficiency and transparency.

08/08/2025 Logistics
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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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WCO Releases Blueprint for Secure Global Trade Efficiency

WCO Releases Blueprint for Secure Global Trade Efficiency

The World Customs Organization (WCO) promotes the safe and efficient circulation of goods and enhances international trade facilitation by establishing unified policies. Its core initiatives include the WCO SAFE Framework, the Revised Kyoto Convention, and data models, effectively coordinating collaboration between customs and other government agencies to create a favorable environment for legitimate trade.

08/06/2025 Customs Knowledge
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CBP Bills Essential Guide for US Importers

CBP Bills Essential Guide for US Importers

This article details the significance of the CBP invoice from the U.S. Customs and Border Protection, covering additional duties and other fees. It introduces the new version of the CBP invoice and electronic inquiry methods, explaining its impact on importers and customs brokers. The article emphasizes the importance of timely financial management for smooth transactions.

08/05/2025 Customs Knowledge
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US Enhances Cargo Security with Automated Manifest System

US Enhances Cargo Security with Automated Manifest System

The Automated Manifest System (AMS) is a crucial electronic declaration tool used by U.S. Customs to ensure the secure transportation of international cargo. Through AMS, customs can efficiently manage information related to air and ocean shipments, enhancing both transport efficiency and security. Participants in the transaction should be aware of the distribution of AMS fees.

08/05/2025 Logistics Encyclopedia
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Logistics Industry Terminology Explained

Logistics Industry Terminology Explained

This article provides a detailed analysis of important professional terms in the logistics industry, including procurement personnel, hazardous materials shipping processes, breakbulk cargo, customs inspection, and customs documentation. Through the interpretation of these professional terms, the article aims to help readers better understand the complexity of logistics operations and the specific operational processes involved.

07/17/2025 Logistics Encyclopedia
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Same Shipment Cannot Be Declared Under Multiple Trade Methods

Same Shipment Cannot Be Declared Under Multiple Trade Methods

In customs declaration, goods under the same shipment that involve multiple trade modes cannot be declared together. Different regulatory methods correspond to different customs processing requirements. For example, in the case of imported goods, gifts and chargeable trade items must be separately segmented in the manifest to ensure compliance and enhance efficiency in declaration.

07/17/2025 Logistics Encyclopedia
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Reassignment Process Explained: Ensuring Smooth Changes in Shipping Arrangements

Reassignment Process Explained: Ensuring Smooth Changes in Shipping Arrangements

This article details the critical steps involved in reconfiguration operations, including confirming shipping schedules and freight rates, contacting booking agents, issuing non-boarding certificates, delivering documents to customs brokers, providing new customs information, and handling overdue container charges. Each step is essential to ensure the smooth execution of transportation arrangements and accurate cost estimation.

07/18/2025 Logistics Encyclopedia
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