Guide to SWIFTBIC Codes for Transfers to Belgium

Guide to SWIFTBIC Codes for Transfers to Belgium

This article provides a detailed guide on finding, verifying, and using SWIFT/BIC codes when making international money transfers to Belgium. It emphasizes the importance of using the correct SWIFT code to avoid delays, rejections, or financial losses due to incorrect codes. The article also explains the difference between SWIFT codes and IBANs. Furthermore, it offers various methods for querying and verifying SWIFT codes to ensure secure and reliable international money transfers. This helps users navigate the complexities of international banking and ensure their funds reach the intended recipient in Belgium without issues.

09/01/2025 International Settlement
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WCO South Korea Aid Yemens Customs Reform Amid Crisis

WCO South Korea Aid Yemens Customs Reform Amid Crisis

With funding from the Korea Customs Cooperation Fund (CCF), the World Customs Organization (WCO) held a high-level seminar in Amman, Jordan, to assist Yemen Customs in transitioning from crisis response to recovery. The seminar focused on key issues such as capacity building and strategic planning. The WCO provided technical assistance and resource coordination, while Korea provided financial support. The Head of Yemen Customs expressed gratitude to the WCO and pledged to enhance trade security and competitiveness to achieve national recovery. This initiative highlights the importance of international cooperation in supporting fragile states.

01/05/2026 Customs Knowledge
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IATA Hosts Webinars on Modern Airline Retailing Trends

IATA Hosts Webinars on Modern Airline Retailing Trends

The IATA Modern Airline Retailing Webinar is a crucial platform for industry transformation. It provides updates on the latest standards, projects, and trends, driving the shift towards 100% Offer and Order. The webinar covers key areas such as the transformation roadmap, new NDC models, financial management, payment strategies, business reference architecture, and procurement considerations. It aims to help businesses understand industry dynamics, develop transformation strategies, and enhance competitiveness. Attendees gain insights into navigating the evolving landscape of airline retailing and leveraging NDC for improved efficiency and customer experience.

01/05/2026 Airlines
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Customs Valuation and Transfer Pricing Align for Multinationals

Customs Valuation and Transfer Pricing Align for Multinationals

The World Customs Organization (WCO) and the OECD jointly held a seminar in Pretoria, focusing on the nexus between customs valuation and transfer pricing. The conference promoted cooperation between tax and customs authorities, exploring the application of transfer pricing studies in customs valuation. It emphasized information sharing, aiming to build a fairer international trade environment. Discussions centered on how transfer pricing methodologies can inform customs valuation practices, ensuring accurate and equitable assessment of goods for duty purposes. The initiative seeks to enhance transparency and combat illicit financial flows related to trade.

12/30/2025 Customs Knowledge
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Ecommerce Sellers Shift to Paypal Business Accounts for Growth

Ecommerce Sellers Shift to Paypal Business Accounts for Growth

This article delves into the numerous advantages of cross-border e-commerce sellers choosing a PayPal business account over a personal account. These benefits include enhancing brand image, protecting personal privacy, providing advanced features, supporting international payments, ensuring financial compliance, and offering robust security. It emphasizes that a business account is an essential choice for professional cross-border sellers to improve operational efficiency, expand into global markets, and achieve sustainable growth. Choosing a business account is key for long-term success in the competitive landscape of international e-commerce.

01/07/2026 International Settlement
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Shopee Scales Back Operations in Southeast Asia

Shopee Scales Back Operations in Southeast Asia

Shopee's recent large-scale layoffs have drawn attention, reflecting its struggle to survive amid hindered global expansion and significant losses. The company is optimizing operational efficiency, scaling back peripheral businesses, and focusing on its core Southeast Asian market to achieve sustainable development. This event also serves as a warning to cross-border e-commerce platforms: blind expansion is unsustainable, and focusing on core competitiveness is crucial for long-term success. Shopee's restructuring highlights the challenges of balancing growth ambitions with financial prudence in the competitive e-commerce landscape.

01/06/2026 Logistics Industry Insights
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DHL Restructures Amid Layoffs to Maintain Logistics Leadership

DHL Restructures Amid Layoffs to Maintain Logistics Leadership

Faced with a global economic downturn and increased competition, logistics giant DHL launched the "Fit For Growth" plan, laying off 8,000 employees to cut costs. This article delves into DHL's financial reports, diversified business layout, external challenges, and e-commerce logistics opportunities, exploring whether it can solidify its global market dominance amidst uncertainty. Competitors' "winter is coming" strategies and the fierce competition in the e-commerce market add variables to DHL's future development. The analysis will focus on how DHL plans to maintain its market share and profitability during this period.

01/05/2026 Logistics Industry Insights
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Douyin Shop Enhances Fast Withdrawal Features for Sellers

Douyin Shop Enhances Fast Withdrawal Features for Sellers

This article provides an in-depth analysis of Douyin Shop's payment settlement and withdrawal process, covering withdrawal account types, settlement cycles (newbie vs. non-newbie periods), platform fee components (commission and technical service fees), and withdrawal operation steps. It also offers practical advice on improving shop experience scores and shortening settlement cycles. Common questions are addressed to help merchants efficiently manage shop funds and achieve revenue growth. This guide aims to empower sellers to understand the intricacies of Douyin Shop's financial aspects, leading to smoother operations and increased profitability.

01/04/2026 International Settlement
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Ocean Freight Rates Drop Strategies for Crossborder Sellers

Ocean Freight Rates Drop Strategies for Crossborder Sellers

Sharp declines in sea freight rates and freight forwarders offering low prices appear beneficial for cross-border sellers, but actually conceal risks. This article delves into the reasons behind the falling sea freight prices, warns sellers about low-price traps, and provides practical advice such as selecting freight forwarders carefully and shipping in batches. It aims to help sellers develop steadily amidst changing circumstances. The price war can lead to compromised service and potential financial instability for freight forwarders, impacting sellers' supply chains. Due diligence and diversification are key to mitigating these risks.

12/29/2025 Logistics Industry Insights
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Postal Reform Act Aims to Modernize USPS for Ecommerce Boom

Postal Reform Act Aims to Modernize USPS for Ecommerce Boom

The Postal Reform Act aims to improve the financial health of the United States Postal Service by eliminating pre-funding requirements for retirement benefits, integrating health insurance, and clarifying the six-day delivery obligation, thus revitalizing USPS. However, the true success of the reform hinges on operational efficiency, technological innovation, and customer experience. The entire logistics industry needs to closely monitor USPS's reform trends to better adapt to the new competitive landscape. This reform presents both opportunities and challenges for businesses reliant on efficient and affordable shipping options.

01/15/2026 Logistics Industry Insights
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