WCO and OASIS Collaborate to Standardize Global Trade Tech

WCO and OASIS Collaborate to Standardize Global Trade Tech

The World Customs Organization (WCO) and the Organization for the Advancement of Structured Information Standards (OASIS) signed a Memorandum of Understanding to promote the adoption of technical standards by governments and the public sector worldwide, particularly in customs. This collaboration aims to streamline customs procedures and enhance trade efficiency using open IT technologies, ultimately building a secure and efficient supply chain. This signifies the dawn of a new era in trade driven by technical standards, fostering greater interoperability and transparency in global commerce.

Ecommerce Sellers Face Risks from Underdeclaring Shipments

Ecommerce Sellers Face Risks from Underdeclaring Shipments

AliExpress sellers should be wary of customer requests for under-declaration, as compliance can lead to customs fines and buyer refund risks. Brazilian customs inspections are strict, and VAT collection by platforms in the EU market renders under-declaration pointless. Under the DDP model, customs duties are already collected by the platform. Sellers should refuse unreasonable requests, clearly define responsibilities in communication, and retain evidence to protect themselves. Ignoring these issues can lead to significant financial and legal repercussions for AliExpress businesses.

Wcos HS Review Boosts Global Trade Efficiency

Wcos HS Review Boosts Global Trade Efficiency

The World Customs Organization (WCO) highlighted the HS Strategic Review study at the International Federation of Customs Brokers Associations (IFCBA) 30th Anniversary Conference. The review aims to optimize the global system for classifying goods in international trade, addressing changes in the trade environment and technological innovation. The IFCBA actively participated and provided feedback, which the WCO pledged to consider. The HS Strategic Review is expected to reduce compliance costs for businesses, improve customs clearance efficiency, promote trade facilitation, and enhance international competitiveness.

Peru Boosts Trade Efficiency with WCO Time Release Study

Peru Boosts Trade Efficiency with WCO Time Release Study

The World Customs Organization (WCO) conducted a Time Release Study (TRS) workshop for Peruvian Customs (SUNAT) to enhance trade facilitation. By studying the WCO TRS Guidelines, creating business processes, and developing action plans, SUNAT will be able to conduct TRS, identify bottlenecks, optimize procedures, and meet WTO TFA requirements. This will ultimately improve international competitiveness. The workshop focused on practical application of TRS methodology within the Peruvian context, enabling SUNAT to streamline customs processes and improve efficiency in goods clearance.

Malawi Enhances Trade with Wcobacked Advance Ruling System

Malawi Enhances Trade with Wcobacked Advance Ruling System

In July 2018, the World Customs Organization (WCO) held a workshop in Blantyre to support Malawi in enhancing trade facilitation by implementing the advance ruling system and optimizing its customs classification system. Through expert training, current state analysis, and action plan development, Malawi aims to improve its legal framework, establish an advance ruling body, and strengthen personnel training. These efforts are designed to increase customs clearance efficiency, enhance trade certainty, and improve the business environment, ultimately promoting economic development in Malawi.

Burkina Faso Adopts Advance Ruling to Boost Trade Efficiency

Burkina Faso Adopts Advance Ruling to Boost Trade Efficiency

Burkina Faso Customs, with the support of the WCO, is actively promoting the establishment of an advance ruling mechanism to improve trade efficiency, reduce trade costs, and enhance trade transparency. Through capacity-building workshops, customs officers have gained a deeper understanding of the Harmonized System and advance ruling regulations. The implementation of the advance ruling mechanism will have a positive impact on the trade development of Burkina Faso. This initiative aims to streamline customs procedures and provide greater certainty for traders.

Colombia Expands AEO Program to Boost Trade Efficiency

Colombia Expands AEO Program to Boost Trade Efficiency

Colombia is expanding its AEO program, aiming to increase the number of certified companies through a customs-led new version, enhancing trade facilitation and supply chain security. Companies should understand the certification standards, strengthen internal management, and actively cooperate with customs to seize opportunities to improve international competitiveness. AEO is not only about customs clearance facilitation but also a symbol of corporate credibility. Businesses should consider the benefits and prepare accordingly to leverage the advantages of the AEO program in the Colombian context.

Guide to Safe Export of Nndimethylcyclohexylamine

Guide to Safe Export of Nndimethylcyclohexylamine

This article details the precautions and required documents for the sea freight export of N,N-Dimethylcyclohexylamine (CAS No.: 98-94-2), covering aspects such as booking, customs declaration, and dangerous goods declaration. It emphasizes the specific requirements of Shanghai Port for the transportation of dangerous goods, aiming to assist readers in successfully completing the sea freight export of this hazardous chemical. The information provided is crucial for ensuring compliance and smooth execution of the export process.

Guide to Safe Shipping of Methyl Sulfonic Tin to Colombo

Guide to Safe Shipping of Methyl Sulfonic Tin to Colombo

This article details the operational procedures for the bulk sea freight export of stannous methanesulfonate to Colombo. It covers critical aspects such as selecting appropriate shipping schedules, understanding limitations on dangerous goods LCL (Less than Container Load) shipments, preparing booking documentation, the purpose of dangerous goods packaging certificates, the warehouse receiving process, customs declaration documents, and bill of lading issuance. The aim is to provide professional guidance for practitioners involved in the transportation of this hazardous material.

Guide to Sodium Hydrosulfite Export Compliance Risks

Guide to Sodium Hydrosulfite Export Compliance Risks

This article provides a detailed interpretation of compliance key points for the sea freight export of Class 4.2 dangerous goods, specifically sodium hydrosulfite. It covers aspects such as hazardous properties, booking documents, customs declaration documents, packaging requirements, and direct loading at the quayside. The importance of selecting the appropriate shipping company, strictly adhering to relevant regulations, and preparing documents in advance is emphasized. The aim is to assist foreign trade enterprises in safely and efficiently completing the transportation process.