Revised Kyoto Convention Hits 100 Members Boosts Global Trade

Revised Kyoto Convention Hits 100 Members Boosts Global Trade

The Kyoto Convention simplifies customs procedures. Thailand and Sierra Leone recently joined, bringing the total number of contracting parties to 101. The convention aims to reduce trade costs and promote economic development by streamlining customs processes and harmonizing standards. This facilitates cross-border trade, making it faster, more predictable, and less expensive for businesses. The increasing number of signatories reflects a global commitment to trade facilitation and the recognition of the Kyoto Convention's importance in achieving this goal.

01/30/2026 Customs Knowledge
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WCO Strengthens Risk Management for Middle Corridor Trade in Central Asia Caucasus

WCO Strengthens Risk Management for Middle Corridor Trade in Central Asia Caucasus

The WCO and JICA collaborated to enhance customs risk management capabilities in the Central Asia and Caucasus region. A training program was held in Georgia to develop Master Trainers, aiming to ensure the smooth operation of the 'Middle Corridor'. This initiative focuses on strengthening regional customs expertise and facilitating efficient trade flows along this crucial trade route. The program supports improved risk assessment and management practices within customs administrations, contributing to secure and efficient border procedures.

01/30/2026 Customs Knowledge
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Guyana Upgrades Customs System to Boost Trade with WCO Aid

Guyana Upgrades Customs System to Boost Trade with WCO Aid

The World Customs Organization (WCO) supports Guyana's customs modernization through the 'Accelerated Trade Facilitation Programme,' focusing on strengthening the Post Clearance Audit (PCA) system and implementing the Authorized Economic Operator (AEO) program. With support from the UK, the initiative aims to streamline customs procedures, enhance supply chain security, and boost Guyana's international trade competitiveness. The program emphasizes efficient and secure trade practices, contributing to economic growth and regional integration by fostering a more reliable and predictable trade environment.

01/30/2026 Customs Knowledge
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WCO Updates price Actually Paid Definition to Boost Trade Compliance

WCO Updates price Actually Paid Definition to Boost Trade Compliance

The new WCO regulations clarify the definition of "price actually paid or payable," assisting companies with compliance, facilitating trade, and improving the accuracy and efficiency of customs valuation. This clarification helps businesses understand and adhere to international valuation standards, streamlining import/export processes. By providing a more precise definition, the WCO aims to reduce valuation disputes and promote fair trade practices globally. Ultimately, this leads to more predictable and transparent customs procedures, benefiting both businesses and customs administrations.

01/30/2026 Customs Knowledge
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Eswatini Enhances Border Efficiency with Data Standardization

Eswatini Enhances Border Efficiency with Data Standardization

Eswatini, with the support of the World Customs Organization, has significantly improved border efficiency through collaborative border management and data standardization. By integrating various departmental efforts, optimizing border processes, and building an interconnected digital platform, Eswatini is moving towards the goal of a 'seamless border,' injecting new momentum into trade facilitation and economic growth. This integrated approach streamlines procedures, reduces delays, and enhances transparency, ultimately fostering a more competitive and attractive environment for international trade and investment.

01/30/2026 Customs Knowledge
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Tonga Customs Upgrades Audit System with WCO Backing

Tonga Customs Upgrades Audit System with WCO Backing

The World Customs Organization (WCO) conducted a post-clearance audit diagnostic mission in Tonga to help the country optimize its post-clearance audit system and promote trade facilitation. Through in-depth discussions with Tongan Customs and external stakeholders, WCO experts provided professional guidance to help Tongan Customs improve efficiency, reduce business costs, and inject new impetus into Tonga's economic development. The mission aims to enhance Tonga's customs procedures and contribute to a more streamlined and efficient trade environment.

01/30/2026 Customs Knowledge
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Comptia Calls for Global Digital Trade System Overhaul

Comptia Calls for Global Digital Trade System Overhaul

CompTIA urges the World Customs Organization (WCO) to optimize the Harmonized System (HS) to adapt to the rapidly evolving business landscape. Recommendations include revisiting valuation criteria, shortening review cycles, increasing private sector involvement, and providing explanatory notes free of charge. These suggestions aim to facilitate the digital transformation of global trade by ensuring the HS accurately reflects modern goods and services. Updating the HS is crucial for efficient customs procedures and smooth international commerce in the digital age.

01/30/2026 HS Code Query
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FCL Vs LCL Shipping Key Differences for Logistics Decisions

FCL Vs LCL Shipping Key Differences for Logistics Decisions

This article provides an in-depth analysis of the booking process for both Full Container Load (FCL) and Less than Container Load (LCL) ocean freight. It compares key differences including the operating entity, container loading and customs declaration methods, bill of lading types, and destination port procedures. The article offers guidance on selecting the optimal shipping solution based on cargo volume, cost considerations, and time sensitivity, enabling you to make more informed decisions for your ocean freight needs.

02/03/2026 Logistics Encyclopedia
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US and Canada Face Rising Customs Inspections Causes and Responses

US and Canada Face Rising Customs Inspections Causes and Responses

Recently, customs inspection rates have surged in the US and Canada, primarily due to stricter scrutiny of vague cargo descriptions and increased regulation of textile imports. Exporters should prioritize accurate cargo descriptions, adhere to relevant regulations, and optimize logistics solutions to navigate the increasingly complex international trade environment. Focusing on clear documentation and proactive compliance can mitigate delays and ensure smoother cross-border transactions. Staying informed about evolving customs procedures is also crucial for minimizing disruptions.

02/03/2026 Logistics
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Nicaragua Expands Trade Program to Streamline Commerce

Nicaragua Expands Trade Program to Streamline Commerce

Nicaragua is actively promoting its AEO program, aiming to simplify customs procedures, enhance trade efficiency, and align with the WTO's TFA. This paper analyzes the latest developments, strategic significance, and challenges facing Nicaragua's AEO program. It also offers relevant recommendations to provide a reference for trade facilitation in the country. The analysis focuses on how the AEO program contributes to streamlining import and export processes, thereby boosting Nicaragua's participation in global trade and attracting foreign investment.

02/02/2026 Customs Knowledge
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