Guyana Boosts Customs Oversight After WCO Audit Review

Guyana Boosts Customs Oversight After WCO Audit Review

At the request of the Government of Guyana, the World Customs Organization (WCO) conducted a Post Clearance Audit (PCA) diagnostic mission in October 2018. Through consultations with the Guyana Revenue Authority - Customs and Trade Administration and external stakeholders, the WCO aimed to assist the country in establishing a robust PCA system. This initiative seeks to enhance customs control capabilities, promote trade facilitation, and support Guyana's sustainable economic development. The ultimate goal is to improve compliance and efficiency in customs procedures.

WCO Introduces New Audit Tools to Enhance Trade Facilitation

WCO Introduces New Audit Tools to Enhance Trade Facilitation

The World Customs Organization (WCO) has launched new Post Clearance Audit (PCA) tools to assist member customs administrations in enhancing trade facilitation. Developed through expert group meetings, the WCO created two key tools: the PCA Benefits Visualization Tool and the PCA Technical Reference. These tools are designed to help customs management and frontline auditors better understand and implement PCA effectively. By improving PCA practices, these tools aim to contribute to the healthy development of global trade and streamline customs procedures.

Overview of Customs Supervision Conditions for Import and Export

Overview of Customs Supervision Conditions for Import and Export

This article defines the conditions for customs supervision in import and export trade and emphasizes the importance of providing necessary documents or information before customs declaration or clearance. Specific goods, such as scarce resources, military products, and endangered species, require relevant licenses to ensure a legal and compliant import-export process. Understanding these requirements is a vital responsibility for participants in international trade.

Kenya Boosts Trade Efficiency with WCO JICA Aid

Kenya Boosts Trade Efficiency with WCO JICA Aid

The World Customs Organization (WCO) and the Japan International Cooperation Agency (JICA) are jointly supporting the Kenya Revenue Authority (KRA) to enhance its risk assessment and selectivity capabilities, addressing new trade challenges in East Africa. Using a two-pronged approach combining expert discussions and practical exercises, Kenyan Customs actively participates in building a smart customs administration. This initiative aims to improve clearance efficiency, promote trade facilitation, and ultimately contribute to Kenya's economic growth.

Sierra Leone Adopts WCO Study to Boost Trade Efficiency

Sierra Leone Adopts WCO Study to Boost Trade Efficiency

The WCO supported Sierra Leone in enhancing its customs efficiency by hosting a Time Release Study workshop. This initiative aimed to optimize clearance procedures and promote trade facilitation. The workshop focused on identifying bottlenecks and implementing strategies to improve the speed and predictability of customs processes. The project was funded by the UK's HMRC, demonstrating international collaboration in supporting Sierra Leone's efforts to streamline trade and boost economic growth through more efficient customs operations.

Zambia Botswana Boost Trade with Customs Data Link

Zambia Botswana Boost Trade with Customs Data Link

With support from the Sida-WCO program, Zambia and Botswana are advancing customs system interconnectivity and data exchange. This initiative aims to improve customs clearance efficiency and promote regional integration. By linking their customs systems, both countries seek to streamline trade processes, reduce delays, and enhance transparency. The improved data exchange will also contribute to better risk management and security. This collaboration highlights the importance of regional cooperation in facilitating trade and fostering economic growth.

WCO Publishes 2022 HS Explanatory Notes for Trade Classification

WCO Publishes 2022 HS Explanatory Notes for Trade Classification

The World Customs Organization (WCO) has released the 2022 edition of the Harmonized System Explanatory Notes (HSEN) in print. This provides practical guidance on technical descriptions and classification of goods, serving as the official interpretation of HS codes. Purchase of the print version includes amendment supplements. An online subscription option is also available through the WCO Trade Tools platform. As a global leader in customs affairs, the WCO assists trade professionals in accurate customs clearance.

Power of Attorney Eases Usnetherlands Customs Trade

Power of Attorney Eases Usnetherlands Customs Trade

This article discusses the significance of Power of Attorney (POA) in customs brokerage and its role in imports to the United States and the Netherlands. It details the signing process of the POA, the required signatories, and its legal effectiveness in customs clearance. The aim is to assist businesses in managing customs affairs more efficiently in international trade.

Commercial Invoices Vital for Global Trade Experts Say

Commercial Invoices Vital for Global Trade Experts Say

A commercial invoice is an essential document in international trade that includes key information such as the country of origin, supplier and consignee details, and product descriptions to ensure compliance with customs requirements. Accurately completing a commercial invoice helps improve customs clearance efficiency and facilitates smooth international transactions.