Burkina Faso Adopts Revised Kyoto Convention to Enhance Trade

Burkina Faso Adopts Revised Kyoto Convention to Enhance Trade

Burkina Faso's accession to the Revised Kyoto Convention (RKC) marks progress in global trade facilitation. As a modern customs blueprint, the RKC promotes global trade development by simplifying customs procedures, enhancing transparency, and applying information technology. Countries should actively join and effectively implement the RKC, strengthen international cooperation, address challenges collectively, and build an open and efficient global trading system. The RKC's focus on streamlined processes and technological advancements aims to reduce trade costs and boost economic growth for member nations.

Cameroon Boosts Trade with WCO Customs Reform

Cameroon Boosts Trade with WCO Customs Reform

The World Customs Organization (WCO) conducted a diagnostic assessment of Cameroon's customs valuation control system to enhance trade efficiency and compliance. Through in-depth discussions with customs officials and business representatives, the WCO proposed recommendations to strengthen valuation capacity, optimize processes, and enhance information sharing. These efforts aim to help Cameroon better implement the WTO Valuation Agreement, promote trade facilitation, and foster economic growth. The assessment focuses on improving customs valuation practices to streamline trade procedures and ensure fair revenue collection.

WCO SAFE Upgrade Boosts SME Security in Global Ecommerce

WCO SAFE Upgrade Boosts SME Security in Global Ecommerce

The 30th WCO SAFE Working Group meeting focused on empowering MSMEs and securing emerging trade models. It promoted the continuous evolution of the SAFE Framework through measures like upgrading technical standards, expanding AEO programs, and strengthening the security of cross-border e-commerce and free zone trade. The meeting emphasized data security, standardization, MSME participation, and the application of emerging technologies. These efforts aim to build a safer, more efficient, and inclusive global trade system, contributing to global economic prosperity.

Saudi Arabia Hosts WCO Seminar on Trade Facilitation Reforms

Saudi Arabia Hosts WCO Seminar on Trade Facilitation Reforms

The WCO held a workshop in Saudi Arabia focusing on Advance Ruling systems in the Middle East and North Africa (MENA) region. The workshop aimed to assist the region in fulfilling WTO agreements, improving trade efficiency, and promoting trade facilitation. The event highlighted the importance of advance rulings in providing predictability and transparency for traders, ultimately contributing to increased regional trade and economic growth. Discussions centered on best practices, challenges, and opportunities for enhancing advance ruling systems within the MENA region.

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.

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.

Bolivia Boosts Trade with WCO Origin Predetermination Support

Bolivia Boosts Trade with WCO Origin Predetermination Support

The WCO is assisting Bolivia in enhancing its Origin Advance Ruling (OAR) capabilities. This initiative aims to promote trade facilitation, enabling Bolivia to better integrate into global value chains and strengthen its export competitiveness. By improving OAR processes, Bolivia can provide greater certainty and predictability to traders, reducing delays and costs associated with customs procedures. This collaboration with the WCO supports Bolivia's efforts to streamline trade, attract investment, and ultimately boost its economic growth through increased participation in international trade.

Armenia Modernizes Customs with WCO Support to Boost Trade

Armenia Modernizes Customs with WCO Support to Boost Trade

The World Customs Organization (WCO) is assisting Armenia in developing a Mercator Implementation Plan. This plan aims to comprehensively improve customs clearance efficiency and trade facilitation in Armenia by optimizing key areas such as advance rulings, risk management, and the single window system. The initiative is expected to inject new vitality into Armenia's economic development by streamlining trade processes and reducing associated costs. The focus is on modernizing customs procedures to align with international best practices and facilitate smoother cross-border trade.

EUWCO Project to Strengthen Afcfta Via Rules of Origin by 2025

EUWCO Project to Strengthen Afcfta Via Rules of Origin by 2025

The EU-WCO Rules of Origin Africa Programme Steering Committee recently convened to review the 2025 project objectives. These objectives include assisting the African Continental Free Trade Area (AfCFTA) in finalizing its rules of origin and harmonizing the rules of origin regimes across African countries. The program aims to foster intra-African trade growth and promote regional economic integration. The project seeks to streamline trade processes and reduce barriers within the continent, ultimately contributing to a more unified and prosperous African economy.

Bahamas Adopts WCO Program to Modernize Customs Boost Trade

Bahamas Adopts WCO Program to Modernize Customs Boost Trade

The World Customs Organization's (WCO) Mercator Program is assisting the Bahamas Customs Department (BCD) in its customs modernization efforts to support its accession to the World Trade Organization (WTO). Through gap analysis, process optimization, and the establishment of a Single Window system, the program aims to enhance trade facilitation in the Bahamas, strengthen its international competitiveness, and promote economic development. This initiative is crucial for streamlining customs procedures and fostering a more efficient and transparent trade environment in the Bahamas.