WCO Aids Bosnias Tax Authority in Risk Management Boost

WCO Aids Bosnias Tax Authority in Risk Management Boost

Funded by the WCO's Eurocustoms Fund, a risk management workshop was held for the Indirect Taxation Authority of Bosnia and Herzegovina (ITA BiH) to enhance its risk management capabilities. The workshop covered risk assessment, analysis, and response strategies, sharing international best practices. This initiative aims to lay the foundation for a robust risk management system within ITA BiH, ultimately improving tax collection efficiency and combating illicit activities. The training will help the ITA BiH better identify and mitigate potential threats, leading to more effective and secure customs operations.

02/03/2026 Customs Knowledge
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Global Firms Face Challenges in US Patent Infringement Cases

Global Firms Face Challenges in US Patent Infringement Cases

This article provides an in-depth analysis of the standards for determining patent infringement in the United States, including literal infringement, the doctrine of equivalents, and design patent infringement. It details the specific determination methods and precautions for each standard. The aim is to help cross-border enterprises understand the risks of US patent infringement, develop effective response strategies, and protect their intellectual property, thereby achieving success in the US market. This knowledge empowers businesses to navigate the complexities of US patent law and mitigate potential legal challenges.

02/03/2026 Customs Knowledge
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Bangkok Air Freight Costs Outweigh Benefits Vs Lima Study Finds

Bangkok Air Freight Costs Outweigh Benefits Vs Lima Study Finds

This paper comparatively analyzes two major air freight ports in Bangkok, Thailand: Suvarnabhumi Airport (BKK) and Laem Chabang Port (LEM). It evaluates them based on geographical location, route network, cargo handling facilities, cost-effectiveness, and multimodal transport capabilities. The aim is to provide a decision-making basis for businesses selecting the appropriate port. It emphasizes the need to comprehensively consider factors such as cargo type, transit time, budget, and intermodal requirements to optimize the supply chain. This analysis helps in making informed choices for efficient and cost-effective logistics operations.

02/03/2026 Logistics
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Global Trade Guide Essentials of Freight Forwarding

Global Trade Guide Essentials of Freight Forwarding

International freight forwarders are crucial players in global trade, offering one-stop logistics solutions encompassing sea, land, and air transportation. This article delves into the core business of international freight forwarding, details the selection strategies for these three modes of transport, and provides essential considerations when choosing a freight forwarder. The aim is to assist businesses in optimizing their logistics plans, reducing transportation costs, mitigating trade risks, and ultimately enhancing their competitiveness in international trade. Understanding these aspects is key to efficient and cost-effective global supply chain management.

02/03/2026 Logistics Encyclopedia
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LCL Shipping Who Bears Devanning and Distribution Costs

LCL Shipping Who Bears Devanning and Distribution Costs

This article provides an in-depth analysis of devanning and distribution charges commonly encountered in LCL (Less than Container Load) shipping. It clarifies the services included, calculation methods, and the parties responsible for these charges. By interpreting trade terms such as FOB, CIF/CFR, the article helps readers understand how to define cost responsibilities based on contractual agreements. This knowledge assists in avoiding unnecessary logistics costs and trade disputes, ensuring a smoother and more cost-effective LCL shipping experience. Understanding these charges is crucial for accurate budgeting and risk management in international trade.

02/04/2026 Logistics Encyclopedia
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Global Cancer Diagnostics Market to Hit 123B by 2029

Global Cancer Diagnostics Market to Hit 123B by 2029

The global cancer diagnostics market is projected to experience steady growth through 2025, driven by technological advancements and the increasing adoption of personalized medicine. Molecular diagnostics are expected to lead the market, with the Asia-Pacific region presenting significant growth opportunities. Key success factors include innovation in diagnostic techniques and collaborative partnerships between industry players and research institutions. The market is witnessing a shift towards more precise and less invasive diagnostic methods, leading to improved patient outcomes and more effective treatment strategies. This trend is expected to continue shaping the future of cancer diagnostics.

02/05/2026 Logistics Industry Insights
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Latin America Trade Grows with Enhanced Tax Customs Program

Latin America Trade Grows with Enhanced Tax Customs Program

The IMF and the Spanish Institute for Fiscal Studies jointly concluded a senior seminar on tax and customs administration in Central and South America. This seminar aimed to enhance the strategic skills of tax and customs officials in the region. Using a blended online and offline format, the course covered various aspects of tax and customs management. A fifth session is planned for late November, focusing on developing modern management skills and improving voluntary compliance. The program is designed to foster more effective and efficient tax and customs systems.

02/05/2026 Customs Knowledge
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Asiapacific Customs Adopt WCO Ecommerce Compliance Standards

Asiapacific Customs Adopt WCO Ecommerce Compliance Standards

The 2021 WCO Asia-Pacific Regional Seminar focused on cross-border e-commerce compliance, aiming to promote the effective implementation of the WCO E-Commerce FoS Framework in the Asia-Pacific region. The conference brought together various stakeholders to discuss core issues such as advance electronic data, data exchange, and tax collection. Participants shared experiences, explored challenges, and laid the foundation for building a secure and efficient cross-border e-commerce ecosystem. The pandemic has accelerated the development of e-commerce, further highlighting the importance of the framework.

02/05/2026 Customs Knowledge
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WCO Unveils New Strategy for Sustainable Customs Development

WCO Unveils New Strategy for Sustainable Customs Development

The World Customs Organization (WCO)'s new capacity building paradigm aims for sustainable improvement and transformation through shared responsibility and results-orientation. It emphasizes precise needs identification, blended learning and support, and impact assessment. Addressing data challenges is crucial for building a sustainable capacity building ecosystem. This approach contributes to global trade facilitation and prosperity by ensuring that capacity building initiatives are effective, relevant, and lead to lasting positive change within customs administrations and the broader trade environment. The focus is on creating a self-sustaining system that supports continuous development.

02/05/2026 Customs Knowledge
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Jordan Customs Boosts Air Cargo Efficiency with WCO Risk Management

Jordan Customs Boosts Air Cargo Efficiency with WCO Risk Management

The World Customs Organization (WCO) held a follow-up risk management workshop for the Jordan Customs Department (JCD) to enhance its air cargo clearance capabilities and develop a national risk management plan. Through expert guidance and collaboration, Jordan Customs completed a risk management enhancement plan and committed to its practical application, contributing to trade facilitation and security. The workshop aimed to strengthen JCD's ability to identify and mitigate risks, ultimately improving efficiency and security within the supply chain. This initiative underscores the importance of effective risk management in modern customs administration.

02/05/2026 Customs Knowledge
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