WCO Implements New Trade Valuation Rules to Boost Revenue

WCO Implements New Trade Valuation Rules to Boost Revenue

The WCO Technical Committee on Customs Valuation has adopted two new advisory opinions concerning the valuation treatment of income tax in royalties and the valuation of buyer's own trademarks on imported goods. These new rules aim to enhance certainty and transparency in customs valuation, promote international trade facilitation, optimize customs revenue, and ensure the healthy development of global trade. They provide guidance on complex valuation issues, contributing to a more predictable and equitable international trade environment. The opinions seek to clarify existing valuation principles and address practical challenges faced by customs administrations and traders alike.

01/05/2026 Customs Knowledge
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WCO Helps Senegal Modernize Trade with Ruling System

WCO Helps Senegal Modernize Trade with Ruling System

With EU funding, the World Customs Organization (WCO) is supporting Senegal Customs in establishing a national advance ruling system. Through diagnostic assessments and action plan development, the initiative aims to improve trade facilitation in Senegal, reduce trade risks for businesses, and enhance customs clearance efficiency. Senegal is committed to actively promoting the development of this system, and the WCO will continue to provide support, contributing to global trade prosperity. The implementation of the advance ruling system is expected to streamline customs procedures and provide greater certainty for traders.

01/05/2026 Customs Knowledge
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Tajikistan Adopts WCO Study to Boost Trade Efficiency

Tajikistan Adopts WCO Study to Boost Trade Efficiency

The World Customs Organization (WCO) successfully held a Time Release Study (TRS) workshop for Tajikistan Customs to assist the country in launching a new TRS cycle and improving cross-border trade efficiency. By reviewing the TRS methodology, demonstrating the TRS software, and sharing experiences, the workshop laid the foundation for Tajikistan Customs to optimize clearance procedures, identify bottlenecks, and reduce trade costs. This initiative supports the country's economic development and enhances its international competitiveness. The workshop aimed to improve customs efficiency through practical application of the TRS methodology.

01/19/2026 Customs Knowledge
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WCO Reports Palestines Progress in Mercator Trade Program

WCO Reports Palestines Progress in Mercator Trade Program

A World Customs Organization (WCO) assessment reveals Palestine's active participation in the Mercator Programme, which supports the implementation of the Trade Facilitation Agreement and simplifies trade procedures. The Palestinian Customs Administration has benefited significantly in areas such as tariffs and risk management, maintaining close ties with the private sector and neighboring customs administrations. The assessment lays the groundwork for future tailored support, and the WCO will continue to provide assistance to promote Palestinian economic development and regional trade facilitation. This collaboration aims to further streamline customs processes and enhance trade efficiency.

01/26/2026 Customs Knowledge
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WCO Backs Cambodias Trade Reforms to Spur Economic Growth

WCO Backs Cambodias Trade Reforms to Spur Economic Growth

At the invitation of the General Department of Customs and Excise of Cambodia (GDCE), the World Customs Organization (WCO) analyzed challenges in implementing the WTO's Trade Facilitation Agreement (TFA) and assisted in developing a five-year strategic plan. Through in-depth discussions with government and the private sector, the WCO provided guidance for Cambodian customs reform and modernization. The aim is to enhance Cambodia's competitiveness in global trade, promoting economic growth and sustainable development. The cooperation focuses on streamlining procedures and improving efficiency within the Cambodian customs system.

01/26/2026 Customs Knowledge
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China Strengthens IP Protection for Crossborder Ecommerce

China Strengthens IP Protection for Crossborder Ecommerce

This article, from a data analyst's perspective, provides an in-depth analysis of China's Customs Intellectual Property Recordation system, offering a practical guide for cross-border e-commerce businesses. By registering their IP rights with customs, companies can leverage customs enforcement to combat infringement, protect their rights, and enhance competitiveness. The article details the recordation process, acceptance criteria, and search methods, emphasizing the value of customs protection and future trends in digital transformation. This empowers businesses to proactively safeguard their IP in the dynamic cross-border trade environment.

01/26/2026 Customs Knowledge
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Global Trade of Unflavored Cane Raw Sugar Under HS Code 1701140001

Global Trade of Unflavored Cane Raw Sugar Under HS Code 1701140001

This article provides a detailed analysis of the raw cane sugar classified under HS code 1701140001, which contains no added flavoring or coloring agents. It covers information on tax rates, declaration requirements, and regulatory conditions, offering comprehensive guidance for import and export trade to facilitate informed decision-making.

08/05/2025 HS Code Query
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HS Code Analysis Aluminum Powder Tax Rates Detailed

HS Code Analysis Aluminum Powder Tax Rates Detailed

This article provides an in-depth analysis of the tax rates, regulatory requirements, and declaration elements associated with flake aluminum powder (HS Code 7603200000). Its purpose is to assist businesses in understanding the relevant information regarding this product in international trade and to optimize import and export decisions.

08/05/2025 HS Code Query
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HS Code 5205260000 Global Trade Rules for Fine Cotton Yarn

HS Code 5205260000 Global Trade Rules for Fine Cotton Yarn

This article provides an in-depth analysis of HS Code 5205260000, detailing the characteristics and market applications of non-retail combed fine cotton yarn. It includes standards for fineness, tax rate information, declaration elements, and regulatory conditions, offering a comprehensive perspective for understanding the international trade of this commodity.

08/08/2025 HS Code Query
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The Money-Saving Secret Unknown to 90% of Shippers

The Money-Saving Secret Unknown to 90% of Shippers

This article examines the "self-haulage, self-declaration, self-delivery to port" model in ocean freight. Shippers delegate these tasks to specialized partners to streamline costs and enhance service. Under FOB terms, they prefer their own forwarders or carriers over consignee-nominated agents, avoiding premium charges and subpar service.

07/14/2025 Logistics Encyclopedia
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