WTO Stresses Trade Facilitation to Boost Global Commerce

WTO Stresses Trade Facilitation to Boost Global Commerce

During the 10th WTO Ministerial Conference, the World Customs Organization and the Kenya Revenue Authority co-hosted a side event focusing on trade facilitation. The event highlighted the importance of coordinated border management, Authorized Economic Operator programs, Time Release Studies, and National Trade Facilitation Committees. It aimed to promote the participation of SMEs and women in global value chains. Participants called for collaborative efforts to overcome challenges and continuously advance trade facilitation, ultimately fostering global trade prosperity. This includes simplifying procedures and harmonizing standards to reduce costs and delays for businesses.

02/03/2026 Customs Knowledge
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WCO Backs Ghana Customs Modernization Plan

WCO Backs Ghana Customs Modernization Plan

The World Customs Organization (WCO), through the WACAM project, assessed and optimized the 2015-2017 strategic plan of the Customs Division of the Ghana Revenue Authority (GRA). This initiative aimed to enhance customs modernization in Ghana, enabling it to better adapt to the international trade environment and safeguard national economic development. The focus was on strategic plan compliance, modernization reforms, capacity building, and improving the monitoring and evaluation unit, along with internal project management capabilities. The project sought to improve GRA's overall effectiveness and efficiency in customs operations.

02/03/2026 Customs Knowledge
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Chinese Pet Stocks Surge Amid Market Growth Rising Competition

Chinese Pet Stocks Surge Amid Market Growth Rising Competition

Recently, pet stocks have surged, reflecting the booming Chinese pet industry and the positive response from the capital market. Companies like Guobao Pet have reached new market value highs, but the industry shows multi-level differentiation. Domestic pet brands need to seize opportunities in branding, scientific pet-raising concepts, and R&D capabilities. They also face challenges such as domestic and international competition, revenue structure optimization, and enhanced research strength to gain a foothold in the international market. The key lies in building strong brands and fostering innovation to stand out in the competitive landscape.

02/05/2026 Logistics Industry Insights
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Burundi Customs Enhances African Trade with WCO Backing

Burundi Customs Enhances African Trade with WCO Backing

With support from the WCO and the EU, the Burundi Revenue Authority held a national workshop on customs laboratories and the Harmonized System classification of chemical products. The aim is to establish its own laboratory to improve tax collection efficiency, strengthen social and environmental protection, and promote trade facilitation. Guided by WCO experts and through learning technical standards, Burundi Customs is committed to building a first-class customs laboratory, contributing significantly to Burundi's economic development. This initiative is crucial for modernizing customs operations and ensuring compliance with international standards.

02/05/2026 Customs Knowledge
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WCO Backs Ghana Customs Data Modernization Push

WCO Backs Ghana Customs Data Modernization Push

The World Customs Organization (WCO), through the WACAM project, provides strategic planning support to the Ghana Revenue Authority (GRA), focusing on data-driven modernization. The mission includes assessing the GRA's strategic plan compliance, addressing customs reform and modernization issues, and enhancing monitoring, evaluation, and project management capabilities. Emphasizing the crucial role of data in customs modernization, recommendations include establishing a data warehouse, developing data analysis tools, and formulating data-driven performance indicators. The project aims to transform GRA into a more efficient and effective organization through strategic planning and data utilization.

02/05/2026 Customs Knowledge
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Decoding Bill of Lading Numbers to Identify Shipping Carriers

Decoding Bill of Lading Numbers to Identify Shipping Carriers

This article uses Bill of Lading APLU067589785 as an example to explain how to quickly identify the shipping company through the Bill of Lading number. It also clarifies the common slot sharing phenomenon in shipping, emphasizing the importance of the Bill of Lading number in determining the actual carrier. This helps avoid misleading conclusions based solely on the vessel's name. Understanding the Bill of Lading number is crucial for accurate carrier identification in shared vessel space scenarios.

08/22/2025 Document Interpretation
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Shanghai Haoyang Logistics Adapts to Trade Challenges

Shanghai Haoyang Logistics Adapts to Trade Challenges

Shanghai Hoyo Logistics curates frequently asked questions in freight forwarding, offering professional answers and experience sharing to help foreign trade companies solve logistics challenges. The content covers bill of lading inquiries, locked container handling, customs inspection, destination port abbreviations, and more. Adhering to the principle of integrity, we provide efficient and reliable logistics services. We aim to empower businesses with the knowledge they need to navigate the complexities of international shipping and ensure smooth and successful import/export operations.

08/22/2025 Logistics Encyclopedia
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Freight Forwarding Experts Share Costsaving Strategies

Freight Forwarding Experts Share Costsaving Strategies

Based on the experience sharing of "No Mosquitoes on the Moon," this article delves into common risk points in the freight forwarding industry, such as booking overcapacity, document discrepancies, and cargo violations, providing practical coping strategies. It also looks ahead to the digital transformation trend in the freight forwarding industry, helping companies enhance their competitiveness and achieve efficient consolidated shipping. The article aims to equip businesses with the knowledge to navigate potential challenges and optimize their logistics operations.

08/22/2025 Logistics Encyclopedia
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Standardized Location Codes Cut Logistics Costs Demurrage Disputes

Standardized Location Codes Cut Logistics Costs Demurrage Disputes

This paper explores the standardization of activity location codes in demurrage invoices. It proposes unifying the code system, standardizing location descriptions, and sharing data to improve efficiency, reduce costs, and enhance customer satisfaction. By implementing a consistent and well-maintained location code system, companies can streamline demurrage billing processes, minimize disputes, and ultimately foster stronger relationships with their clients. This standardization effort contributes to a more transparent and efficient demurrage management system for all stakeholders involved.

09/28/2025 Logistics
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LCL Shipping Guide Helps Smes Expand Crossborder Ecommerce

LCL Shipping Guide Helps Smes Expand Crossborder Ecommerce

LCL (Less-than-Container Load) is an effective cross-border logistics solution for SMEs, reducing costs by sharing container space. This paper analyzes the advantages, operational key points, and risk mitigation strategies of LCL. It emphasizes the importance of selecting a professional agent and recommends that companies pay attention to price fluctuations and optimize logistics solutions to enhance their global market competitiveness. By utilizing LCL effectively, SMEs can overcome logistical barriers and expand their reach in international markets.

11/03/2025 Logistics
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