Global Trade Boosted by AEO and MRA Agreements

Global Trade Boosted by AEO and MRA Agreements

A World Customs Organization online seminar focused on the implementation and development of AEO and MRA in the Americas and the Caribbean. The seminar aimed to share best practices and expand the benefits for AEO enterprises. It emphasized the importance of integrity in AEO programs, discussed cross-sectoral cooperation, e-commerce integration, and free zone linkages, and pointed the way forward for the future development of AEO. AEO and MRA are crucial tools for companies to enhance their international competitiveness and are important engines for global trade facilitation.

East Africa Trade Project Ends Strengthens Regional Ties

East Africa Trade Project Ends Strengthens Regional Ties

With the support of WCO and JICA, five East African countries successfully completed a trade facilitation and border control capacity development project. Focusing on One-Stop Border Post operations and customs capacity building, the project significantly improved trade efficiency and border control levels in the East African region. The WCO Secretary General praised East Africa's experience, encouraging its sharing with other African regions. He also emphasized the continued support for customs capacity building in Africa and Pacific Island countries.

Blockchain Platform CADENA Boosts Latin America Trade Efficiency

Blockchain Platform CADENA Boosts Latin America Trade Efficiency

The CADENA project leverages blockchain technology to build a cross-border trade data exchange platform in Latin America, connecting 8 countries and covering 14 mutual recognition agreements. Project experience highlights key success factors: co-creation design, proof of concept, selecting appropriate blockchain infrastructure, embracing open source, standardization, and iterative testing. This project offers valuable lessons for global blockchain-enabled trade facilitation initiatives, demonstrating the potential of distributed ledger technology to streamline processes and enhance transparency in international trade.

Revised Kyoto Convention to Enhance Trade Facilitation Postreview

Revised Kyoto Convention to Enhance Trade Facilitation Postreview

The 30th session of the Revised Kyoto Convention (RKC) Management Committee focused on reviewing specific annexes aimed at simplifying customs procedures, reducing trade costs, improving clearance efficiency, and promoting international trade growth. The meeting decided to extend the review period until December 2023 to refine the RKC guidelines and draft annexes. This extension aims to create a more convenient and efficient future for global trade by ensuring the RKC remains a relevant and effective tool for trade facilitation worldwide.

WCO Examines Customs Codes for Sustainable Textile Trade

WCO Examines Customs Codes for Sustainable Textile Trade

The World Customs Organization (WCO) held a seminar exploring the role of the Harmonized System (HS) in facilitating sustainable textile trade. Participants discussed leveraging the HS coding system to identify environmentally friendly textiles, raising practical issues concerning textile waste classification, eco-labeling standards, and incorporating sustainability into product identification. The aim was to promote a greener HS coding system.

Kenya Boosts Trade Efficiency with WCO Customs Program

Kenya Boosts Trade Efficiency with WCO Customs Program

Kenya Customs requested the WCO to conduct an assessment of its trade facilitation measures. The assessment highlighted progress in information availability and risk management. However, improvements are needed in coordination between agencies, capacity building initiatives, and the further development of ICT infrastructure for customs procedures. The report emphasized the importance of addressing these areas to enhance trade efficiency and reduce trade costs for businesses operating in Kenya.

WCO Private Sector Collaborate to Streamline Global Trade

WCO Private Sector Collaborate to Streamline Global Trade

The World Customs Organization (WCO) Private Sector Consultative Group (PSCG) met with the Policy Commission (PC) to discuss key issues including business resumption, data strategy, and Green Customs. The meeting highlighted the critical role of customs during the pandemic and called for the permanent implementation of trade facilitation measures. Participants emphasized leveraging data strategies and Green Customs initiatives to build a sustainable trade system. The importance of strengthening cooperation between customs and the private sector to reshape the global trade landscape was also underscored.

Revised Kyoto Convention Aims to Simplify Global Trade

Revised Kyoto Convention Aims to Simplify Global Trade

The 29th session of the Revised Kyoto Convention Management Committee focused on the comprehensive revision of the Kyoto Convention, discussing 50 potential draft texts related to specific annexes, covering key areas such as goods handling, postal traffic, and relief consignments. The meeting urged all parties to actively participate in promoting trade facilitation and fostering global economic growth. Businesses should closely monitor the revision's progress, optimize business processes, and prepare for the opportunities and challenges brought by the new regulations.

Indonesia Boosts Customs to Rival Asiapacific Trade Hubs

Indonesia Boosts Customs to Rival Asiapacific Trade Hubs

Indonesia and the World Customs Organization (WCO) have signed an agreement to establish a Regional Training Center (RTC) and a Regional Customs Laboratory (RCL) in Indonesia. This initiative aims to enhance the professional skills of customs officers and improve commodity inspection capabilities in the Asia-Pacific region. The goal is to combat smuggling, facilitate trade, and strengthen global supply chain resilience. Indonesia will play a more significant role in regional customs cooperation through these facilities, contributing to improved efficiency and security in international trade.

Global Survey Highlights Trade Facilitation Trends in Customs

Global Survey Highlights Trade Facilitation Trends in Customs

The first International Survey on Customs Administration (ISOCA) report, jointly released by the World Customs Organization (WCO) and the International Monetary Fund (IMF), analyzes the customs administration performance, characteristics, practices, and structural foundations of 51 countries and regions. The report aims to promote trade facilitation, strengthen international cooperation, and improve customs management. It also provides a reference for businesses to understand the customs environment of various countries, reduce trade risks, and improve customs clearance efficiency.