WCO Updates price Actually Paid Definition to Boost Trade Compliance

WCO Updates price Actually Paid Definition to Boost Trade Compliance

The new WCO regulations clarify the definition of "price actually paid or payable," assisting companies with compliance, facilitating trade, and improving the accuracy and efficiency of customs valuation. This clarification helps businesses understand and adhere to international valuation standards, streamlining import/export processes. By providing a more precise definition, the WCO aims to reduce valuation disputes and promote fair trade practices globally. Ultimately, this leads to more predictable and transparent customs procedures, benefiting both businesses and customs administrations.

01/30/2026 Customs Knowledge
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West Africa Enhances Risk Management with WCOJICA Initiative

West Africa Enhances Risk Management with WCOJICA Initiative

The WCO/JICA Joint Project successfully completed a Master Trainer Program in West Africa, training 18 experts in risk management and intelligence analysis for customs administrations in six countries, including Benin and Burkina Faso. Through working groups, regional training material development, and virtual training, the project significantly enhanced customs risk management capabilities in the West African region and promoted regional cooperation and sustainable development. The WCO and JICA will continue to support customs capacity building in West Africa.

01/30/2026 Customs Knowledge
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Ebay Seller Levels Guide to Ratings and Performance Boost

Ebay Seller Levels Guide to Ratings and Performance Boost

This article delves into the evaluation rules and specific standards of eBay seller levels, offering corresponding optimization strategies. eBay seller level primarily depends on metrics such as defect rate, unresolved disputes, late shipment rate, and tracking upload rate. By optimizing product descriptions, processing orders promptly, and providing excellent customer service, sellers can effectively improve their store level, thereby gaining more exposure and lower operating costs. Improving these metrics can significantly impact visibility and profitability on the eBay platform.

01/04/2026 Logistics Encyclopedia
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US Air Freight Rates Tips for Efficient Inquiries

US Air Freight Rates Tips for Efficient Inquiries

This article delves into the official channels for US air freight rate inquiries. It analyzes the various functions of the inquiry systems and provides a practical operational guide to help shippers efficiently complete rate inquiries and optimize logistics costs. The content covers detailed explanations of system functions such as official phone inquiries, capacity/cargo tracking, and historical freight rate inquiries. It also includes inquiry steps, precautions, and frequently asked questions, empowering users to effectively manage their air freight expenses.

02/06/2026 Logistics
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Philippines Streamlines Cargo Clearance to Boost Trade Efficiency

Philippines Streamlines Cargo Clearance to Boost Trade Efficiency

The Philippines will launch a National Time Release Study (TRS) in 2025 to enhance the efficiency of customs clearance for maritime imports and exports. Spanning two weeks, the study will focus on the Manila International Container Port and has received support from the World Customs Organization and HM Revenue and Customs of the UK. The final report is expected to be completed by the end of the year, providing a basis for subsequent reforms aimed at promoting trade facilitation and enhancing national competitiveness.

07/28/2025 Logistics
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Paperless Export Clearance Boosts Global Trade Efficiency

Paperless Export Clearance Boosts Global Trade Efficiency

This paper delves into paperless export release, highlighting its advantages such as improved customs clearance efficiency and reduced operating costs. It details the preparations and considerations for implementing paperless export release, aiming to help companies better understand and utilize paperless customs clearance policies. By streamlining processes and minimizing paperwork, this approach significantly enhances customs clearance efficiency, fostering foreign trade development and reducing delays associated with traditional paper-based procedures. The study emphasizes the importance of digital infrastructure and data security for successful implementation.

08/21/2025 Document Interpretation
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