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
Read More
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
Read More
China Calls for WTO Reform at Davos Meeting

China Calls for WTO Reform at Davos Meeting

At the WTO mini-ministerial meeting, China's representative Li Chenggang emphasized the urgency of WTO reform and proposed a pragmatic Chinese approach, including formulating a reform plan, incorporating the Investment Facilitation Agreement, and extending e-commerce tariff exemptions. Participants affirmed the WTO's role and supported reform. China's active participation aims to reshape the future of multilateral trade and promote global economic development. The proposals highlight China's commitment to a more efficient and inclusive global trading system. The focus is on practical solutions and cooperation to revitalize the WTO.

02/03/2026 Customs Knowledge
Read More
Singapore Strengthens Ties with China to Boost Exhibition Hub Status

Singapore Strengthens Ties with China to Boost Exhibition Hub Status

Singapore and the China Council for the Promotion of International Trade (CCPIT) signed a memorandum of understanding to deepen cooperation in international exhibitions and MICE events. The collaboration will focus on bringing Chinese exhibitions to Singapore, jointly promoting key sectors such as advanced manufacturing and clean energy, and exploring the green and digital transformation of the MICE industry. The aim is to establish Singapore as a new hub for international exhibitions and promote regional economic development. This partnership signifies a strong commitment to fostering trade and innovation between the two nations.

02/03/2026 Logistics Industry Insights
Read More
YTO Cargo Expands to Bangladesh with New Changshadhaka Route

YTO Cargo Expands to Bangladesh with New Changshadhaka Route

YTO Cargo Airlines launched its first South Asian route, Changsha-Dhaka, connecting Central China with Bangladesh, facilitating cross-border e-commerce and fresh produce trade. YTO Cargo Airlines will also increase the frequency of international routes originating from Changsha, establish a regional headquarters in Central China, and enhance customer cooperation through the GBP project. YTO Cargo Airlines continues to expand, contributing to the Belt and Road Initiative and promoting global trade prosperity. This new route signifies YTO's commitment to expanding its network and supporting economic growth in the region.

02/03/2026 Logistics
Read More
Vladivostok Emerges As Key Hub for Eurasian Logistics

Vladivostok Emerges As Key Hub for Eurasian Logistics

The 9th Asia-Europe Logistics Forum will be held in Beijing in September, focusing on the new opportunities presented by the Port of Vladivostok as a domestic trade transit port. The forum will explore how China-Europe, China-Central Asia, and China-Russia railway express services can leverage Far East ports to achieve sea-rail combined transport, optimize the Asia-Europe trade pattern, and promote regional economic development. This presents new business opportunities for domestic enterprises by improving logistics efficiency and access to new markets through the Far East corridor.

02/03/2026 Logistics
Read More
US Manufacturing Grows in September Amid Supply Chain Challenges

US Manufacturing Grows in September Amid Supply Chain Challenges

The US Manufacturing PMI registered 55.4 in September, according to the Institute for Supply Management (ISM), marking the fourth consecutive month of expansion but slightly lower than August. The New Orders Index decreased but remained in growth territory. Supplier deliveries continued to slow down, and inventory contraction eased. ISM members indicated that COVID-19 and business growth were key themes, expressing concern about the absence of future economic stimulus policies. The report suggests continued growth in the manufacturing sector, albeit at a slightly slower pace than the previous month.

02/04/2026 Logistics Industry Insights
Read More
Mexican Peso Hits trend Against US Dollar Amid key Factor note Replace trend with high or low and key Factor with a Relevant Driver Like economic Shifts or trade Data Based on the Articles Specifics Alternatively If the Trend

Mexican Peso Hits trend Against US Dollar Amid key Factor note Replace trend with high or low and key Factor with a Relevant Driver Like economic Shifts or trade Data Based on the Articles Specifics Alternatively If the Trend

This article analyzes the current exchange rate dynamics of 1 Mexican Peso to US Dollar, highlighting the recent appreciation of the Peso and its relatively low volatility. It aims to help readers understand exchange rate fluctuations and seize currency trading opportunities.

09/12/2025 Exchange Rate Query
Read More
Port of Los Angeles Rebounds Signaling Shipping Recovery

Port of Los Angeles Rebounds Signaling Shipping Recovery

The Port of Los Angeles saw a 7% year-over-year increase in cargo volume in October, marking the third consecutive month of growth and boosting its market share to 46%. ZIM's resumption of express services signals market confidence. While slightly down month-over-month, the port is proactively addressing challenges by expanding cold chain and e-commerce logistics. Furthermore, the port is committed to a green port strategy, striving for sustainable development amidst a complex economic landscape. The port aims to maintain its competitive edge by adapting to evolving market demands and prioritizing environmental responsibility.

01/16/2026 Logistics
Read More
UPS Fedex Adapt Strategies for Holiday Shipping Surge

UPS Fedex Adapt Strategies for Holiday Shipping Surge

This article provides an in-depth analysis of UPS and FedEx's service guarantee strategies and competitive landscape during the peak year-end logistics season. By comparing their specific policies, fee differences, and potential influencing factors, it reveals the economic and marketing considerations behind service guarantees. The article also offers practical advice for businesses and consumers on navigating logistics challenges and forecasts future trends in the technology-driven logistics industry. It explores how these companies adapt to increased demand while maintaining service levels and examines the implications for both businesses relying on their services and consumers awaiting deliveries.

01/15/2026 Logistics
Read More