Banggood Denies Bankruptcy As Crossborder Ecommerce Slumps

Banggood Denies Bankruptcy As Crossborder Ecommerce Slumps

The cross-border e-commerce industry faces challenges. Banggood denies rumors of "bankruptcy," emphasizing the pains of transformation. Meanwhile, YKS (Youkeshu) is mired in losses, with its capital chain under pressure. Faced with uncertainty, cross-border e-commerce companies need to strengthen their internal skills, optimize operations, and improve their ability to withstand risks in order to survive the industry's winter. They must focus on efficiency and adaptability to navigate the current economic climate and emerge stronger.

01/05/2026 Logistics Industry Insights
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Nigeria Customs Modernizes Ruling System to Ease Trade

Nigeria Customs Modernizes Ruling System to Ease Trade

The Nigeria Customs Service is actively implementing a national Advance Ruling System aimed at reducing trade costs, improving efficiency, and enhancing trade predictability for businesses by pre-determining commodity classification, tax rates, and other relevant matters. This initiative, part of the EU-World Customs Organization Africa HS project, draws on the successful experiences of Ethiopia and Liberia. It is expected to significantly improve Nigeria's business environment and promote economic development by providing clarity and certainty to traders before importation.

01/05/2026 Customs Knowledge
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Colombia Boosts Customs Checks with WCO Backing

Colombia Boosts Customs Checks with WCO Backing

The World Customs Organization (WCO) assisted Colombia's Directorate of National Taxes and Customs (DIAN) in upgrading its Post-Clearance Audit (PCA) system. This involved reviewing strategies, piloting procedures, and strengthening legal frameworks, significantly enhancing DIAN's compliance capabilities and enforcement powers. This initiative aims to reduce compliance risks for businesses, improve customs clearance efficiency, enhance trade facilitation, and boost corporate reputation. Ultimately, it fosters a more stable and predictable trade environment for Colombia's economic growth and its global trading partners.

01/05/2026 Customs Knowledge
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WTO WCO Boost Sustainable Development Via Trade Facilitation

WTO WCO Boost Sustainable Development Via Trade Facilitation

The WCO Headquarters hosted a GTFP Peer Exchange Seminar, bringing together representatives from 14 countries to discuss the sustainability of trade facilitation measures. The meeting emphasized experience sharing, addressing challenges, exploring key areas, and highlighting the latest WCO developments. The aim was to promote global trade facilitation, enhance customs efficiency, and contribute to global economic prosperity. Discussions focused on practical implementation strategies and long-term impact assessment to ensure the enduring benefits of trade facilitation initiatives.

01/05/2026 Customs Knowledge
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Bolivia Optimizes Trade with SECOWCO Goods Release Study

Bolivia Optimizes Trade with SECOWCO Goods Release Study

The SECO-WCO Global Trade Facilitation Programme (GTFP) supported Bolivia in conducting a Time Release Study (TRS) to improve trade efficiency and comply with the WTO Trade Facilitation Agreement. Through expert guidance, questionnaire optimization, and pilot testing, the GTFP helped Bolivia identify bottlenecks in goods release and optimize operational procedures. This support contributes to trade facilitation and economic development by streamlining processes and improving efficiency within Bolivia's trade system. The TRS provides valuable insights for further improvements.

01/05/2026 Customs Knowledge
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Kyrgyzstan Boosts Customs Oversight Via WCO Partnership

Kyrgyzstan Boosts Customs Oversight Via WCO Partnership

The World Customs Organization (WCO) held a national post-clearance audit (PCA) workshop in Kyrgyzstan to enhance the country's customs audit capabilities. Funded by the Korea Customs Cooperation Fund, WCO experts used interactive teaching and practical exercises to help participants master the theoretical knowledge and operational skills of PCA. The successful workshop will contribute to strengthening Kyrgyzstan's PCA system, promoting trade facilitation, and safeguarding national economic security. The training covered key aspects of PCA implementation and risk management.

01/05/2026 Customs Knowledge
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Saudi Customs Adopts WCO Data System to Boost Efficiency

Saudi Customs Adopts WCO Data System to Boost Efficiency

Saudi Arabia, in collaboration with the World Customs Organization (WCO), aims to enhance customs efficiency and facilitate trade by building a data-driven performance evaluation system, supporting the Saudi Vision 2030. The WCO's Performance Measurement Mechanism (PMM) and workshops assist Saudi Customs in identifying areas for improvement and building a team of experts to promote knowledge sharing and international cooperation. This initiative leverages data to optimize customs processes and contribute to Saudi Arabia's ambitious economic diversification goals.

01/05/2026 Customs Knowledge
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Comoros Customs Strengthens Audits to Boost Revenue Trade

Comoros Customs Strengthens Audits to Boost Revenue Trade

With the support of the World Customs Organization and the China Customs Cooperation Fund, Comoros Customs is actively promoting the establishment of a Post-Clearance Audit (PCA) system to optimize tax collection and facilitate trade. Through national workshops, enhanced staff training, and improved legal frameworks, Comoros Customs is working to overcome challenges and build a balanced trade environment. This initiative aims to contribute significantly to the economic development of Comoros by streamlining customs procedures and ensuring compliance.

01/05/2026 Customs Knowledge
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IMF Course Boosts Tax Administration in the Americas Via SECOWCO GTFP

IMF Course Boosts Tax Administration in the Americas Via SECOWCO GTFP

The SECO-WCO GTFP supports an IMF advanced course designed to enhance the strategic planning and risk management capabilities of tax and customs administrators in the Americas. The course aims to deepen their understanding of emerging trends in taxation and international trade. Through a blended learning approach, combining online and in-person sessions, participants gain both theoretical knowledge and practical experience. This initiative ultimately contributes to regional economic development by fostering improved tax and customs administration practices.

01/05/2026 Customs Knowledge
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Comoros Enhances Trade with Wcobacked Single Window System

Comoros Enhances Trade with Wcobacked Single Window System

The World Customs Organization (WCO) conducted a diagnostic assessment of Comoros to assist the country in evaluating the feasibility of implementing a Single Window. The assessment will provide Comoros with tailored recommendations and capacity-building support to strengthen effective coordination between customs and other border agencies, enhance trade facilitation reforms, and move towards a Single Window environment. This initiative ultimately aims to promote economic development in Comoros by streamlining trade processes and reducing associated costs and delays.

01/05/2026 Customs Knowledge
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