Global Trade Boosted by Advance Cargo Information ACI Systems

Global Trade Boosted by Advance Cargo Information ACI Systems

This paper delves into the implementation guidelines of Advance Cargo Information (ACI), elucidating its role and value in global trade security. It outlines the key elements and processes for successful ACI implementation. Furthermore, it proposes elements for evaluating the effectiveness of ACI programs, aiming to assist businesses and customs authorities in better understanding and applying ACI. The goal is to enhance supply chain security and facilitate trade. The study emphasizes the importance of ACI in mitigating risks and streamlining customs procedures for a more efficient and secure global trading environment.

WCO Releases New Ecommerce Crossborder Trade Rules

WCO Releases New Ecommerce Crossborder Trade Rules

The World Customs Organization (WCO) E-Commerce Package provides a guiding framework for customs administrations in managing cross-border e-commerce, with the core being the Framework of Standards on Cross-Border E-Commerce. It covers trade facilitation, security, revenue collection, and consumer protection. The WCO urges countries to implement the package in phases based on their national circumstances and provides support to promote secure, efficient, sustainable, and inclusive cross-border e-commerce development.

Honduras Adopts WCO Framework to Boost Ecommerce Trade

Honduras Adopts WCO Framework to Boost Ecommerce Trade

The World Customs Organization (WCO) is supporting Honduras Customs in enhancing its cross-border e-commerce management capabilities. Through workshops and the WCO Cross-Border E-Commerce Framework of Standards, the initiative aims to optimize customs clearance processes, strengthen risk management, promote tax compliance, and create a more favorable environment for SMEs to participate in international trade. A work plan will be developed to build a framework of security, control, and facilitation, ultimately promoting the development of cross-border e-commerce in Honduras.

US Keeps 800 Dutyfree Threshold Amid Upgrade Concerns

US Keeps 800 Dutyfree Threshold Amid Upgrade Concerns

The upgrade of the US Customs ACE system raises concerns about the $800 duty-free threshold. While the policy is expected to remain unchanged in the short term, the system upgrade signals stricter compliance oversight. Cross-border e-commerce sellers should prioritize product quality, optimize supply chains, and closely monitor policy trends to adapt to future market changes. The ACE upgrade suggests a shift towards greater scrutiny of low-value shipments, potentially impacting the competitiveness of some cross-border businesses.

Customs Vs National Territory Key for Crossborder Trade

Customs Vs National Territory Key for Crossborder Trade

This paper delves into the distinction between customs territory and national border, emphasizing that the key to defining a customs territory is the “implementation of the same customs law,” and correcting misconceptions about “within the border but outside customs.” It also provides a detailed introduction to the concept and operation of free trade ports, using Singapore and Hong Kong as examples to illustrate the role of free port policies in promoting international trade. Understanding these concepts is crucial for practitioners in cross-border trade.