Turkmenistan Seeks Trade Growth Via Harmonized System Pact

Turkmenistan Seeks Trade Growth Via Harmonized System Pact

This paper analyzes the background, benefits, and challenges of Turkmenistan's accession to the Harmonized System Convention. By reviewing the technical assistance provided by the World Customs Organization, it explores the positive impact of joining the Convention on enhancing trade facilitation and strengthening international competitiveness. The article recommends that Turkmenistan develop a detailed implementation plan, strengthen customs personnel training, conduct corporate publicity, and seek international cooperation to smoothly join and benefit from the Convention. It emphasizes the importance of proactive measures to maximize the advantages offered by the HS Convention for Turkmenistan's trade development.

01/26/2026 Customs Knowledge
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WCO Group Tackles Disruptive Tech in Global Trade

WCO Group Tackles Disruptive Tech in Global Trade

The 44th meeting of the World Customs Organization's Private Sector Consultative Group (PSCG) focused on the impact of disruptive technologies on global trade. Key topics included cross-border e-commerce, public-private information exchange, and regional cooperation. Through high-level dialogues, the PSCG and WCO Policy Commission members explored the application of technologies like artificial intelligence and blockchain in the customs domain. These discussions aimed to build a more efficient and secure future for global trade by leveraging innovative solutions and fostering collaboration between public and private sectors.

01/26/2026 Customs Knowledge
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WCO and WTO Enhance Collaboration to Boost Global Trade

WCO and WTO Enhance Collaboration to Boost Global Trade

The World Customs Organization and the World Trade Organization reached a consensus at the 6th Global Aid for Trade Review, agreeing to further deepen cooperation to jointly promote the implementation of the Trade Facilitation Agreement and strengthen collaboration in emerging areas such as e-commerce. This collaborative effort aims to create a more convenient and efficient environment for global trade, reducing barriers and fostering economic growth through streamlined customs procedures and enhanced international partnerships. The focus remains on facilitating smoother cross-border transactions and leveraging digital technologies for trade advancement.

01/27/2026 Customs Knowledge
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Global Trade Initiative Extended to Boost Sustainable Growth

Global Trade Initiative Extended to Boost Sustainable Growth

The Global Trade Facilitation Programme (GTFP), jointly launched by the Swiss State Secretariat for Economic Affairs (SECO) and the World Customs Organization (WCO), has been officially extended for another year. The program aims to simplify trade procedures, enhance transparency, strengthen international cooperation, and build capacity to promote global trade development. This extension provides beneficiary countries with more opportunities to further advance trade facilitation reforms and improve their competitiveness in global trade. It allows for continued support in streamlining customs processes and fostering a more efficient and predictable trading environment.

01/26/2026 Customs Knowledge
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US Businesses May Reclaim Millions in Unclaimed Tariff Refunds

US Businesses May Reclaim Millions in Unclaimed Tariff Refunds

Facing opportunities arising from the U.S. Trade Representative (USTR) tariff policy adjustments, how can businesses seize duty drawback benefits? North American customs compliance expert Ben Bidwell reveals the impact of USTR tariff policy changes, the potential for duty drawback amounts, the direction of China-U.S. tariffs, and the long-term effects of tariffs. He advises companies to proactively respond, grasp opportunities, strengthen cooperation with customs brokers and trade experts, enhance compliance levels, and reduce trade risks. This proactive approach is crucial for navigating the evolving trade landscape and maximizing potential benefits.

01/30/2026 Customs Knowledge
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MENA Nations Unite Against Antiquities Trafficking

MENA Nations Unite Against Antiquities Trafficking

A Middle East and North Africa Customs workshop was held in Tunisia, focusing on cultural heritage protection. The meeting analyzed the challenges of smuggling and proposed recommendations including strengthened cooperation, training, and the application of technology. Participants discussed strategies to combat illicit trafficking of cultural artifacts and enhance regional collaboration among customs administrations. The workshop emphasized the importance of raising awareness and building capacity to safeguard cultural heritage in the face of increasing threats from organized crime. The goal is to preserve the region's rich history and cultural identity.

02/02/2026 Customs Knowledge
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Togo Boosts Trade with Wcobacked Customs AEO Program

Togo Boosts Trade with Wcobacked Customs AEO Program

The WCO is assisting the Togo Revenue Authority in establishing an AEO program to enhance trade facilitation. This initiative focuses on optimizing processes and strengthening cooperation to promote economic growth in Togo. By implementing the AEO program, Togo aims to streamline customs procedures, reduce trade barriers, and attract foreign investment. The program's success will contribute to increased efficiency in cross-border trade and a more competitive business environment for Togolese companies. This collaboration between the WCO and Togo Customs is expected to yield significant benefits for the country's economy.

02/02/2026 Customs Knowledge
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WCO Stresses Supply Chain Resilience at ADBI Conference

WCO Stresses Supply Chain Resilience at ADBI Conference

The Secretary General of the World Customs Organization delivered a keynote speech at the Asian Development Bank Institute Annual Conference, emphasizing the importance of resilient global supply chains. He analyzed challenges such as digital transformation, data standardization, disruptive technologies, e-commerce, environmental sustainability, and geopolitical conflicts. He highlighted the crucial role of customs in building resilient supply chains and called for strengthened international cooperation to address global trade challenges and jointly build a new future for global trade. This collaboration is essential for navigating the complexities and ensuring stability in the global trading system.

02/03/2026 Logistics Industry Insights
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Guide to VAT Compliance for Ecommerce Sellers in Europe

Guide to VAT Compliance for Ecommerce Sellers in Europe

This article provides a detailed guide for cross-border e-commerce sellers on VAT payment in six European countries (UK, Germany, France, Italy, Spain, and Austria). It covers various methods, including bank transfers, third-party payment platforms, and tax accountants, to help sellers comply with regulations and efficiently complete tax declarations and payments, avoiding tax risks. This guide aims to streamline the VAT payment process and ensure sellers meet their European tax obligations effectively.

01/26/2026 Customs Knowledge
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Mastering The Import Customs Clearance Process 7 Key Points To Ensure Smooth Customs Clearance

Mastering The Import Customs Clearance Process 7 Key Points To Ensure Smooth Customs Clearance

This article explains the key steps in import customs clearance, including the processes and precautions for general trade and processing trade. It provides detailed information about payment methods, necessary documents, bill exchange, quality inspection, customs declaration, tariff payment, and release steps to assist businesses in successfully completing import procedures.

07/24/2025 Customs Knowledge
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