ADB WCO Enhance Asian Trade Via Customs Reforms

ADB WCO Enhance Asian Trade Via Customs Reforms

The Asian Development Bank (ADB) and the World Customs Organization (WCO) are strengthening their collaboration to enhance trade facilitation in Asia. This partnership focuses on adopting WCO standards, promoting customs modernization, and fostering regional cooperation. The aim is to build an efficient, transparent, and secure trading environment, ultimately contributing to regional economic prosperity. The collaboration will involve joint efforts to implement best practices and streamline customs procedures across the region.

12/30/2025 Customs Knowledge
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Global Customs Adopt WCO Initiative to Fight Counterfeiting

Global Customs Adopt WCO Initiative to Fight Counterfeiting

The World Customs Organization (WCO) launched the "IPM Connected" initiative to combat counterfeit goods by connecting global track-and-trace and authentication solutions. The program utilizes technologies such as handheld device scanning and data docking to enable rapid verification of product authenticity, providing customs and brand owners with safer, faster, and more cost-effective clearance services. The WCO encourages more organizations to join and collectively build a global anti-counterfeiting ecosystem. This collaborative effort aims to streamline processes and enhance the fight against illicit trade worldwide.

12/30/2025 Customs Knowledge
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Customs and Logistics Innovations Boost Global Trade Efficiency

Customs and Logistics Innovations Boost Global Trade Efficiency

The WCO Deputy Secretary General attended the FITAC International Conference, discussing the role of customs and logistics in global competitiveness. The conference highlighted the critical role of customs in promoting economic development, focusing on two key topics: customs-business partnerships and customs modernization. The aim is to build an efficient, convenient, and secure global trade environment, helping businesses succeed in the global market. The discussions emphasized the importance of collaboration and innovation to streamline processes and enhance security, ultimately boosting economic growth and trade facilitation.

12/30/2025 Logistics
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Customs Valuation and Transfer Pricing Align for Multinationals

Customs Valuation and Transfer Pricing Align for Multinationals

The World Customs Organization (WCO) and the OECD jointly held a seminar in Pretoria, focusing on the nexus between customs valuation and transfer pricing. The conference promoted cooperation between tax and customs authorities, exploring the application of transfer pricing studies in customs valuation. It emphasized information sharing, aiming to build a fairer international trade environment. Discussions centered on how transfer pricing methodologies can inform customs valuation practices, ensuring accurate and equitable assessment of goods for duty purposes. The initiative seeks to enhance transparency and combat illicit financial flows related to trade.

12/30/2025 Customs Knowledge
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Global Customs Crackdown Nets 213 Million Fake Goods

Global Customs Crackdown Nets 213 Million Fake Goods

Operation TIGRE 3, a joint customs initiative, seized 21.3 million counterfeit and pirated items worldwide. Coordinated by the World Customs Organization, the operation involved customs administrations globally using risk analysis and international cooperation to effectively combat the cross-border flow of fake goods. This action significantly contributes to cleaning up the market environment, protecting intellectual property rights, and safeguarding consumer interests.

12/30/2025 Customs Knowledge
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African Customs Agencies Boost Trade and Capacity Efforts

African Customs Agencies Boost Trade and Capacity Efforts

The 19th meeting of the Customs Management Council of the Eastern and Southern Africa (ESA) region focused on trade facilitation and capacity building. Emphasis was placed on the implementation of the WTO Trade Facilitation Agreement (TFA). Discussions covered regional cooperation, financial management, and the appointment of the WCO Director. The meeting aimed to promote African trade growth and regional economic integration through innovative customs procedures. Furthermore, the goal was to enhance customs efficiency and risk management capabilities within the ESA region.

12/30/2025 Customs Knowledge
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Malaysia Boosts Customs with Wcobacked Origin Ruling System

Malaysia Boosts Customs with Wcobacked Origin Ruling System

The WCO is assisting Malaysia in accelerating the development of its advance ruling system for Rules of Origin. This initiative aims to enhance trade facilitation, optimize regulatory procedures, and improve predictability for businesses. By strengthening customs capacity and streamlining processes related to origin determination, Malaysia can benefit from increased trade flows and a more efficient and transparent customs environment. The support from the WCO is crucial in enabling Malaysia to effectively implement and utilize advance rulings, contributing to overall economic growth and competitiveness.

12/30/2025 Customs Knowledge
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Customs Agencies Adopt Riskbased Targeting for Trade Security

Customs Agencies Adopt Riskbased Targeting for Trade Security

This paper examines the motivations, functions, and models of risk assessment centers established by customs administrations worldwide to address international trade security challenges. It analyzes how these centers aim to identify and mitigate potential threats within the global supply chain. The study explores different approaches to risk assessment, targeting strategies, and information sharing mechanisms employed by various customs agencies. Finally, the paper offers recommendations for enhancing the effectiveness of these centers, focusing on improved data analysis, collaboration, and resource allocation to better safeguard international trade.

12/30/2025 Customs Knowledge
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Finnish Customs Boosts Global Trade Via WCO Training

Finnish Customs Boosts Global Trade Via WCO Training

Finnish Customs actively participates in WCO capacity building projects, contributing to global customs capacity enhancement and trade facilitation through workshops and financial support. The Finnish government's financial support for WCO projects in East and Southern Africa will further promote customs modernization and trade development in the region. Finnish Customs will continue to deepen its cooperation with the WCO in the future, contributing to global trade prosperity. They aim to strengthen customs procedures and promote efficient trade practices worldwide.

12/30/2025 Customs Knowledge
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WCO Program Boosts Global Customs Leadership Trade Efficiency

WCO Program Boosts Global Customs Leadership Trade Efficiency

The World Customs Organization (WCO) fosters global customs leaders through its Leadership and Management Development (LMD) program. A recent French-language facilitator accreditation event in France aimed to build a team of proficient French-speaking facilitators to support future LMD workshops in French-speaking regions. These workshops cover leadership, management skills, and strategic thinking, contributing to the holistic development of customs personnel. This initiative enhances customs efficiency and promotes global trade by strengthening leadership capabilities within customs administrations.

12/30/2025 Customs Knowledge
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