Iran Joins Istanbul Convention to Enhance Trade

Iran Joins Istanbul Convention to Enhance Trade

Iran has officially joined the Istanbul Convention, becoming the 68th contracting party, marking a significant step in its international trade facilitation efforts. The Convention, and its core ATA Carnet system, aims to simplify customs procedures, reduce trade costs, and promote cross-border movement of goods. This accession is of great importance for Iran itself and the development of global trade by streamlining temporary import/export processes and fostering economic cooperation. The ATA Carnet simplifies customs procedures for temporary admission of goods.

01/05/2026 Customs Knowledge
Read More
Central African Republic to Launch Customs Preruling System

Central African Republic to Launch Customs Preruling System

The Customs Administration of the Central African Republic is actively preparing to establish an advance ruling system to provide businesses with a more transparent and predictable trade environment, reduce trade risks, and improve customs clearance efficiency. In cooperation with the WCO, the Central African Republic Customs has not only drafted relevant legal drafts but also established a steering committee and accepted the WCO's recommendations. This marks a significant step forward in trade facilitation, potentially promoting economic development and attracting foreign investment.

01/05/2026 Customs Knowledge
Read More
WCO Backs Cambodias Customs Modernization Reforms

WCO Backs Cambodias Customs Modernization Reforms

At the request of the General Department of Customs and Excise of Cambodia (GDCE), the World Customs Organization (WCO) conducted an assistance mission to assess the implementation gaps of the WTO Trade Facilitation Agreement (TFA) and help develop a five-year strategic plan. This initiative aims to promote customs modernization in Cambodia, enhance trade facilitation, and inject new impetus into economic development. The WCO will continue to support Cambodia's customs capacity building and strengthen international cooperation to jointly address global trade challenges.

02/06/2026 Customs Knowledge
Read More
New Framework Aims to Streamline Global Trade Through Technical Aid

New Framework Aims to Streamline Global Trade Through Technical Aid

This paper interprets the WTO Trade Facilitation Agreement (TN/TF/W/137), focusing on its implementation in developing countries. It emphasizes transparency, flexibility, and cooperation, aiming to promote a fairer and more efficient global trade system. The agreement provides a framework for streamlining customs procedures, reducing trade costs, and enhancing predictability. Technical assistance is crucial for developing countries to effectively implement the agreement and reap its benefits. Ultimately, the Trade Facilitation Agreement contributes to economic growth and development by facilitating the smooth flow of goods across borders within the WTO framework.

02/05/2026 Customs Knowledge
Read More
US and China Report Trade Progress After Highlevel Talks

US and China Report Trade Progress After Highlevel Talks

U.S. Treasury Secretary Janet Yellen stated that she had a constructive call with Chinese Vice Premier He Lifeng regarding the implementation of the US-China trade agreement, noting positive progress. This high-level dialogue demonstrates both sides' commitment to maintaining and advancing the trade agreement, contributing to global trade stability. The discussion focused on the current state of the agreement and future steps to ensure its continued success, highlighting the importance of ongoing communication and cooperation between the two economic powerhouses.

01/28/2026 International Settlement
Read More
Bahamas Customs Adopts Wcobacked Preruling System to Boost Trade

Bahamas Customs Adopts Wcobacked Preruling System to Boost Trade

The World Customs Organization (WCO) supports the Bahamas in establishing a commodity classification advance ruling system to enhance trade facilitation. Through national workshops and technical assistance, the WCO assists the Bahamas Customs in its modernization efforts, establishing a pre-ruling system to resolve trade disputes, attract foreign investment, and promote economic development. While challenges exist in establishing the advance ruling system, the WCO's support and cooperation will help the Bahamas achieve its trade facilitation goals. This initiative aims to create a more predictable and efficient trade environment for businesses operating in the Bahamas.

01/20/2026 Customs Knowledge
Read More
Trump May Ease Uschina Tariffs If Reelected

Trump May Ease Uschina Tariffs If Reelected

US Treasury Secretary Yellen signaled potential easing of US-China trade relations, suggesting possible tariff reductions in a potential Trump 2.0 era. While 'rebalancing' remains a core US interest, the trade deficit has narrowed. Tariff reductions may be limited and conditional. Both countries need to meet halfway for mutual benefit and win-win cooperation. Market reactions have been positive, boosting business confidence. The prospect of reduced tariffs offers a glimmer of hope for improved trade dynamics between the two economic giants.

01/30/2026 Customs Knowledge
Read More
DR Congo Customs Adopts Green Policies for Trade Compliance

DR Congo Customs Adopts Green Policies for Trade Compliance

The Democratic Republic of Congo Customs is actively promoting a green transition in cross-border trade. By improving regulations, strengthening inter-departmental cooperation, and utilizing advanced technologies, they strive to balance economic development with environmental protection. While facing challenges, this endeavor also presents significant development opportunities. The DRC Customs' practical experience offers valuable lessons for other developing countries seeking to implement sustainable trade practices. This approach highlights the potential for customs administrations to play a crucial role in fostering environmentally responsible trade.

02/06/2026 Customs Knowledge
Read More
Chinaeurope Rail Boosts Auto Exports Amid Freight Shift

Chinaeurope Rail Boosts Auto Exports Amid Freight Shift

900 domestically produced vehicles were transported to Europe via the China-Europe Railway Express, marking a new opportunity for Chinese automobile exports. The cooperation between China Trade Railway Transportation and Yuxinou, through refined operations and diversified services, effectively improves logistics efficiency and reduces costs, providing strong support for Chinese automobiles to "go global". The China-Europe Railway Express is becoming a new driving force for regional economic development, facilitating trade and strengthening economic ties between China and Europe. This efficient and cost-effective transportation solution is crucial for boosting China's automotive industry on the global stage.

02/05/2026 Logistics
Read More
CAR Rebuilds Customs with WCO Aid Postcrisis

CAR Rebuilds Customs with WCO Aid Postcrisis

With WCO support, the Central African Republic Customs has launched post-crisis reforms aimed at building institutional capacity, compliance enforcement, trade facilitation, and international cooperation through strategic planning and recovery programs. The reforms prioritize border security and utilize data analysis to quantify their impact. These efforts contribute to national economic development and security assurance.

01/27/2026 Customs Knowledge
Read More