US Trade Rep Tai Seeks Balance in China Relations

US Trade Rep Tai Seeks Balance in China Relations

U.S. Trade Representative Katherine Tai, in her CSIS speech, outlined the U.S.'s new trade strategy towards China, emphasizing a "results-oriented" approach. She highlighted the importance of China's compliance with existing trade agreements and the potential use of trade remedies. While expressing willingness to cooperate with China on issues like climate change, she warned that the U.S. will take further action if China does not alter its trade policies. The focus is on ensuring fair competition and holding China accountable for its commitments.

01/19/2026 Customs Knowledge
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Customs General Administration Promotes Innovation and Development Measures in Processing Trade

Customs General Administration Promotes Innovation and Development Measures in Processing Trade

The General Administration of Customs has introduced new measures to promote stable growth in foreign trade and encourage innovation in processing trade. By optimizing management models and supporting high-tech and environmentally-friendly repair services, the transition of processing trade towards higher-end segments is accelerated. Additionally, the simplification of approval processes reduces the burden on enterprises, providing convenience for the healthy development of foreign trade.

07/21/2025 Logistics
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WTO Aid for Trade Review Boosts Global Customs Cooperation

WTO Aid for Trade Review Boosts Global Customs Cooperation

The World Customs Organization (WCO) actively showcases its contribution to enhancing supply chain efficiency and harmonizing border management in the WTO's Aid for Trade Global Review, emphasizing the importance of trade facilitation. Through its tools, projects, and capacity building programs, the WCO consistently supports its members in simplifying customs procedures, strengthening supply chain security, and promoting global trade facilitation, thus contributing to the prosperity of global trade.

12/30/2025 Customs Knowledge
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Sierra Leone Djibouti Join HS Convention to Streamline Trade

Sierra Leone Djibouti Join HS Convention to Streamline Trade

In 2015, Sierra Leone and Djibouti acceded to the International Convention on the Harmonized Commodity Description and Coding System, becoming the 152nd and 153rd contracting parties. This is significant for both countries, facilitating trade, enhancing international competitiveness, and promoting economic development. The Convention covers over 98% of global trade in goods. Its standardized coding system simplifies trade procedures, enhancing the efficiency, transparency, and standardization of global trade.

01/07/2026 Customs Knowledge
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WCO Advocates Sustainable Goals at UNCTAD Nairobi Summit

WCO Advocates Sustainable Goals at UNCTAD Nairobi Summit

The WCO reaffirmed its commitment to the SDGs, promoting trade facilitation tools and actively participating in addressing e-commerce challenges. These efforts aim to foster inclusive and equitable global trade. The WCO's focus on sustainable development ensures that trade practices are environmentally sound and socially responsible. By streamlining cross-border transactions and simplifying customs procedures, the WCO facilitates efficient and cost-effective trade for businesses of all sizes, particularly benefiting SMEs. Ultimately, the WCO strives to create a more level playing field in international trade, enabling greater participation and shared prosperity.

01/05/2026 Customs Knowledge
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Peru Boosts Customs Efficiency with Wcobacked Strategy

Peru Boosts Customs Efficiency with Wcobacked Strategy

The WCO assists Peruvian Customs in strategic planning, enhancing efficiency and services, and optimizing the trade environment. Peru's experience offers valuable lessons for developing countries. This collaboration focuses on streamlining customs procedures, reducing trade costs, and improving overall competitiveness. The strategic plan aims to modernize customs operations, promote compliance, and foster a more transparent and predictable trade regime. By implementing best practices and leveraging technology, Peruvian Customs seeks to facilitate legitimate trade while effectively combating illicit activities. The success of this initiative highlights the importance of international cooperation in promoting trade facilitation and economic development.

01/05/2026 Customs Knowledge
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