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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WCO Backs African Customs Agencies to Strengthen Green Trade

WCO Backs African Customs Agencies to Strengthen Green Trade

The World Customs Organization (WCO), in collaboration with the UN Environment Programme and the Basel Convention Secretariat, conducted workshops in Kenya and Tanzania. These workshops aimed to enhance the knowledge and enforcement capabilities of the two countries' customs departments regarding the Basel Convention and the Montreal Protocol. This initiative is part of the Sida-WCO TFCM Programme, designed to promote sustainable development in Sub-Saharan Africa and strengthen the role of customs in environmental protection. The workshops focused on identifying and intercepting illegal shipments of hazardous waste and ozone-depleting substances.

01/26/2026 Customs Knowledge
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Gold Gains As Global Dedollarization Trend Grows

Gold Gains As Global Dedollarization Trend Grows

The dominance of the US dollar in global reserve assets is being challenged, with its share steadily declining. Emerging market currencies like the RMB and gold reserves are gaining traction as many countries accelerate the reduction of their dollar holdings. The trend of "de-dollarization" is accelerating, raising concerns about the fiscal sustainability and creditworthiness of the United States. The Federal Reserve's independence is being questioned, and its policy choices face dilemmas. Gold has emerged as a powerful challenger to the dollar. A more diversified monetary world is on the horizon.

01/28/2026 Exchange Rate Query
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Uschina Trade War Escalates As Tariffs Threaten Output

Uschina Trade War Escalates As Tariffs Threaten Output

The Trump administration escalated the trade war with China, threatening massive tariffs and potentially leading to a near-total halt of trade between the two countries. Experts are analyzing the potential economic impact of this escalation. Many are urging both sides to engage in dialogue to resolve the dispute before further damage is done to the global economy. The continued escalation raises concerns about supply chain disruptions and increased costs for consumers worldwide. A negotiated solution is seen as crucial to avoid a prolonged and damaging trade conflict.

01/29/2026 Customs Knowledge
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Lesotho South Africa Study Customs Efficiency to Boost Trade

Lesotho South Africa Study Customs Efficiency to Boost Trade

Lesotho and South Africa jointly released an end-to-end clearance time study report, aiming to optimize border management and improve cross-border trade efficiency. The study focuses on the Maseru Bridge and Ficksburg Bridge border posts, highlighting the importance of trade facilitation in unlocking the potential of the African Continental Free Trade Area. Both countries are committed to implementing the report's recommendations, strengthening economic ties, and promoting regional economic development. The study underscores the critical role of efficient border procedures in fostering trade and growth within the region.

01/30/2026 Customs Knowledge
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Chinese Firms Seek Media Strategies in Latin America

Chinese Firms Seek Media Strategies in Latin America

This article delves into how Chinese companies can accurately connect with South American media resources to tap into the Latin American market. It analyzes the strategic significance and communication value of the South American market, provides an overview of major national media outlets in Brazil, Argentina, and other countries, and proposes key elements for successful press releases. The value of professional agencies is emphasized, aiming to help companies overcome challenges in overseas communication and achieve their business goals. This provides a roadmap for effective media engagement in South America.

02/03/2026 Logistics Industry Insights
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Middle East Import Rules Simplified for Smoother Trade

Middle East Import Rules Simplified for Smoother Trade

This article provides an in-depth analysis of the core Bill of Lading (B/L) requirements for key Middle Eastern countries (UAE, Saudi Arabia, Qatar, etc.). It emphasizes the importance of information consistency, identification details, and compliance coding. Practical recommendations are offered to help exporters avoid risks and succeed in the Middle Eastern market. The guide focuses on ensuring B/Ls meet specific regional standards, contributing to smoother customs clearance and reduced potential for trade disruptions. It serves as a valuable resource for exporters navigating the complexities of Middle Eastern trade regulations.

02/02/2026 Document Interpretation
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Malaysia Cargo Shipping Routes and Fare Guide

Malaysia Cargo Shipping Routes and Fare Guide

This article provides a detailed overview of sea freight routes, ticket prices, transit times, and important considerations for shipping between China and Malaysia. Major shipping companies include COSCO Shipping and Maersk. Routes cover major ports such as Shanghai, Ningbo, and Qingdao to Port Klang. Ticket prices vary based on cabin class and season. The estimated transit time is approximately 7-10 days. It is recommended to book in advance and prepare necessary documents and belongings. This information helps those planning to transport goods or travel by sea between the two countries.

02/02/2026 Logistics
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Botswana Enhances Customs Enforcement for Environmental Agreements

Botswana Enhances Customs Enforcement for Environmental Agreements

The World Customs Organization (WCO), in collaboration with the UN Environment Programme and the Basel Convention Secretariat, held a workshop in Botswana to enhance customs officers' awareness and enforcement capabilities regarding multilateral environmental agreements. The workshop covered key issues such as the Basel Convention and the Montreal Protocol, strengthening cooperation between customs and environmental agencies. The WCO will continue to provide technical support to Botswana and other countries in achieving sustainable development goals. This initiative aims to combat illegal trade in environmentally sensitive goods and promote responsible environmental practices.

02/03/2026 Customs Knowledge
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Bolivia Expands Customs AEO Program with Regional Insights

Bolivia Expands Customs AEO Program with Regional Insights

Bolivian Customs gained insights into the practices and challenges of AEO program implementation through experience sharing with Colombia, Mexico, and Uruguay, aiming to optimize its own AEO program. The analysis focuses on the characteristics of the AEO programs in these three countries, explores the opportunities and challenges faced by Bolivia, and proposes recommendations for future development. It emphasizes that the WCO will continue to provide technical support to help Bolivia improve trade facilitation and enterprise competitiveness. The ultimate goal is to enhance Bolivia's AEO program and contribute to smoother international trade.

02/03/2026 Customs Knowledge
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