Shanghai Shipping Indexes Reveal Key Global Trade Trends

Shanghai Shipping Indexes Reveal Key Global Trade Trends

This article provides an in-depth analysis of the Shanghai International Shipping Index (SISI) and the Shanghai Containerized Freight Index (SCFI), explaining their definitions, calculation methods, and impact on the maritime market. The aim is to help readers understand these key indicators, thereby enabling them to better grasp market trends and make informed decisions. It explores how these indices reflect the dynamics of the shipping industry and serve as valuable tools for stakeholders involved in international trade and maritime transport.

01/30/2026 Logistics Encyclopedia
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WCO Launches Tool to Curb Illegal Wildlife Trade

WCO Launches Tool to Curb Illegal Wildlife Trade

The WCO's INAMA project launched an institutional assessment tool to help customs comprehensively enhance their ability to combat endangered species smuggling. This tool assists customs in developing targeted capacity-building plans by evaluating legal frameworks, organizational structures, personnel capabilities, technical equipment, and cooperation mechanisms. Representatives from multiple countries participated in the tool's pilot testing and validation at a workshop held in the Republic of the Congo, laying the foundation for global customs cooperation in combating smuggling crimes and protecting biodiversity.

01/30/2026 Customs Knowledge
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WCO Issues Trade Recovery Guidance Amid Global Disruptions

WCO Issues Trade Recovery Guidance Amid Global Disruptions

This article provides an in-depth analysis of the World Customs Organization's (WCO) 'Trade Recovery Guidelines,' designed to assist national customs administrations in swiftly and efficiently restoring international cargo movement following trade disruptions. It elaborates on the concept of trade recovery, the significance of the SAFE Framework, and the guidelines' three pillars: Action Plan, Customs Actions, and Communication. The article emphasizes the crucial role of international cooperation and public-private partnerships in effectively addressing trade disruptions and ensuring supply chain resilience.

01/30/2026 Customs Knowledge
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WCO Advocates Gender Equality to Strengthen Global Trade

WCO Advocates Gender Equality to Strengthen Global Trade

The World Customs Organization (WCO) promotes customs efficiency, security, and prosperity through Gender Equality, Diversity, and Inclusion (GED). The 5th WCO Global Conference on Gender Equality and Diversity Network focused on disability inclusion and partnerships, emphasizing the importance of trade-enabling women. The WCO supports its members through the GEOAT tool, training packages, and a pool of experts. It also advocates for enhanced cooperation to collectively build a more equitable and efficient customs system. This collaborative approach aims to foster a customs environment that is both effective and inclusive for all stakeholders.

01/30/2026 Customs Knowledge
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ASEAN AEO Certification Boosts Smes in Global Trade

ASEAN AEO Certification Boosts Smes in Global Trade

A joint report by the World Customs Organization, World Trade Organization, and International Chamber of Commerce highlights the importance of optimizing AEO programs to lower barriers for SMEs, provide differentiated services, enhance promotion, and strengthen international cooperation. This aims to empower SMEs, achieve more inclusive global trade growth, and shares practical experiences from both businesses and customs administrations. The report emphasizes streamlining processes and offering tailored support to facilitate SME participation in global trade through the AEO framework.

01/30/2026 Customs Knowledge
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Eswatini Enhances Border Management to Facilitate Trade Growth

Eswatini Enhances Border Management to Facilitate Trade Growth

With the support of the World Customs Organization, Eswatini is enhancing trade facilitation by synergizing border management and data standardization, aiming to realize its vision of a 'seamless border'. This collaborative approach streamlines processes, reduces delays, and promotes efficient cross-border movement of goods. By aligning border procedures and standardizing data exchange, Eswatini is working towards a more integrated and competitive trading environment, contributing to economic growth and regional integration. The focus on data standardization ensures interoperability and improved data quality across different systems.

01/30/2026 Customs Knowledge
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Peru Customs Boosts Trade with GTFP System Upgrade

Peru Customs Boosts Trade with GTFP System Upgrade

The Global Trade Facilitation Program (GTFP) supports Peruvian Customs in enhancing its strategic planning capabilities. Through remote workshops, the program assists in breaking down strategic objectives, identifying key performance indicators, and providing customized draft strategic maps and control panels. This collaboration aims to promote the modernization of Peruvian Customs, facilitate trade, and inject new vitality into economic development. The project focuses on improving customs efficiency and effectiveness through strategic alignment and performance monitoring, ultimately contributing to Peru's economic growth.

01/30/2026 Customs Knowledge
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WCO Promotes Gender Equality to Strengthen Global Trade

WCO Promotes Gender Equality to Strengthen Global Trade

The World Customs Organization (WCO) Virtual Working Group (VWG) on Gender Equality and Diversity convened to explore how to enhance collaboration with the private sector to promote gender-inclusive trade facilitation, better addressing the needs of women traders and marginalized groups. The WCO is building a more gender-equal customs environment through initiatives like online learning modules and the 'Women in Customs' campaign. These efforts aim to ensure that customs procedures and policies are equitable and supportive of all stakeholders, regardless of gender.

01/30/2026 Customs Knowledge
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Oman Boosts Trade with Wcobacked Advance Ruling System

Oman Boosts Trade with Wcobacked Advance Ruling System

The World Customs Organization (WCO) supports Oman in establishing an advance ruling system for commodity classification and origin, providing technical guidance through workshops. This system aims to enhance trade transparency and predictability. Oman is actively improving its legal framework, standardizing operational procedures, strengthening information management, and enhancing capacity building to promote trade facilitation. The implementation of advance rulings is a key step in streamlining customs processes and fostering a more efficient trade environment for businesses operating in and with Oman.

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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