WCO Implements New Trade Valuation Rules to Boost Revenue

WCO Implements New Trade Valuation Rules to Boost Revenue

The WCO Technical Committee on Customs Valuation has adopted two new advisory opinions concerning the valuation treatment of income tax in royalties and the valuation of buyer's own trademarks on imported goods. These new rules aim to enhance certainty and transparency in customs valuation, promote international trade facilitation, optimize customs revenue, and ensure the healthy development of global trade. They provide guidance on complex valuation issues, contributing to a more predictable and equitable international trade environment. The opinions seek to clarify existing valuation principles and address practical challenges faced by customs administrations and traders alike.

01/05/2026 Customs Knowledge
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WCO Helps Senegal Modernize Trade with Ruling System

WCO Helps Senegal Modernize Trade with Ruling System

With EU funding, the World Customs Organization (WCO) is supporting Senegal Customs in establishing a national advance ruling system. Through diagnostic assessments and action plan development, the initiative aims to improve trade facilitation in Senegal, reduce trade risks for businesses, and enhance customs clearance efficiency. Senegal is committed to actively promoting the development of this system, and the WCO will continue to provide support, contributing to global trade prosperity. The implementation of the advance ruling system is expected to streamline customs procedures and provide greater certainty for traders.

01/05/2026 Customs Knowledge
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WCO Reports Palestines Progress in Mercator Trade Program

WCO Reports Palestines Progress in Mercator Trade Program

A World Customs Organization (WCO) assessment reveals Palestine's active participation in the Mercator Programme, which supports the implementation of the Trade Facilitation Agreement and simplifies trade procedures. The Palestinian Customs Administration has benefited significantly in areas such as tariffs and risk management, maintaining close ties with the private sector and neighboring customs administrations. The assessment lays the groundwork for future tailored support, and the WCO will continue to provide assistance to promote Palestinian economic development and regional trade facilitation. This collaboration aims to further streamline customs processes and enhance trade efficiency.

01/26/2026 Customs Knowledge
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WCO Backs Cambodias Trade Reforms to Spur Economic Growth

WCO Backs Cambodias Trade Reforms to Spur Economic Growth

At the invitation of the General Department of Customs and Excise of Cambodia (GDCE), the World Customs Organization (WCO) analyzed challenges in implementing the WTO's Trade Facilitation Agreement (TFA) and assisted in developing a five-year strategic plan. Through in-depth discussions with government and the private sector, the WCO provided guidance for Cambodian customs reform and modernization. The aim is to enhance Cambodia's competitiveness in global trade, promoting economic growth and sustainable development. The cooperation focuses on streamlining procedures and improving efficiency within the Cambodian customs system.

01/26/2026 Customs Knowledge
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WCO Urges Customsbroker Collaboration to Streamline Global Trade

WCO Urges Customsbroker Collaboration to Streamline Global Trade

The WCO Deputy Secretary-General attended the IFCBA World Congress, emphasizing the crucial role of customs-broker cooperation in trade facilitation. The conference highlighted China Customs' proactive efforts under the Belt and Road Initiative and explored areas of cooperation such as information sharing, capacity building, and compliance incentives. The aim is to build a closer customs-business relationship and promote global trade development. This collaboration is essential for streamlining processes, reducing costs, and ensuring security in the international supply chain, ultimately benefiting both customs administrations and the trading community.

02/12/2026 Customs Knowledge
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WCO Enhances Ugandas CITES Enforcement Against Wildlife Trafficking

WCO Enhances Ugandas CITES Enforcement Against Wildlife Trafficking

The World Customs Organization (WCO) assessed the capacity of Uganda Customs to enforce the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). This assessment aims to strengthen Uganda Customs' ability to combat the illegal wildlife trade. The focus is on identifying areas for improvement in customs procedures, risk management, and international cooperation to effectively prevent the trafficking of endangered species and contribute to the conservation of biodiversity. The findings will be used to develop targeted capacity-building programs and support Uganda's efforts in combating wildlife crime.

02/02/2026 Customs Knowledge
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Global Shipping Guide Highlights Port Consolidation Benefits

Global Shipping Guide Highlights Port Consolidation Benefits

This article delves into the meaning, process, cost structure of port consolidation in international shipping, and its relationship with customs clearance, emphasizing that customs clearance is a prerequisite for port consolidation. The timing of port consolidation impacts customs clearance progress, and consistency between the two is crucial. Furthermore, it provides solutions for common issues such as port consolidation delays, customs clearance problems, and information discrepancies. The aim is to help foreign trade practitioners master the secrets of port consolidation, ensure smooth shipment of goods, and succeed in international trade.

02/02/2026 Customs Knowledge
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WCO Advocates Techdriven Border Solutions at WTO Forum

WCO Advocates Techdriven Border Solutions at WTO Forum

The World Customs Organization (WCO) held a thematic session at the WTO Public Forum, exploring how cutting-edge technologies like blockchain and AI can empower customs and border management to facilitate trade. The session focused on the challenges and opportunities of technology adoption, and how customs administrations can develop technology strategies to embrace technological change. The goal is for customs to play a more significant role in the digital transformation of global trade. Discussions highlighted the importance of collaboration and knowledge sharing to maximize the benefits of these technologies.

02/03/2026 Customs Knowledge
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Amazon FBA Sellers Turn to Air Freight for Faster Shipping

Amazon FBA Sellers Turn to Air Freight for Faster Shipping

This article provides an in-depth analysis of the operational processes and cost structure of international air freight for FBA first leg, offering a detailed guide for Amazon sellers. It covers key steps including power of attorney signing, cargo preparation, booking, customs declaration, customs clearance, and delivery. The article also breaks down various cost components such as air freight charges, customs declaration fees, and customs clearance fees, helping sellers achieve efficient warehouse entry and reduce overall costs. This guide aims to optimize the FBA first leg process via air freight.

02/04/2026 Logistics
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Tajikistan Adopts WCO Study to Boost Trade Efficiency

Tajikistan Adopts WCO Study to Boost Trade Efficiency

The World Customs Organization (WCO) successfully held a Time Release Study (TRS) workshop for Tajikistan Customs to assist the country in launching a new TRS cycle and improving cross-border trade efficiency. By reviewing the TRS methodology, demonstrating the TRS software, and sharing experiences, the workshop laid the foundation for Tajikistan Customs to optimize clearance procedures, identify bottlenecks, and reduce trade costs. This initiative supports the country's economic development and enhances its international competitiveness. The workshop aimed to improve customs efficiency through practical application of the TRS methodology.

01/19/2026 Customs Knowledge
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