Wcos Harmonized Customs Terms Boost Global Trade Efficiency

Wcos Harmonized Customs Terms Boost Global Trade Efficiency

The World Customs Organization's (WCO) International Customs Terminology aims to establish unified customs terminology standards and facilitate international trade. It is recommended that all parties widely apply this interpretation, accurately cite it at the international level, and incorporate it into legislation and education. The WCO encourages all parties to provide timely feedback on implementation, jointly building a more prosperous global trade system. This standardization promotes clarity and efficiency in cross-border transactions, reducing ambiguity and fostering smoother international commerce.

01/20/2026 Customs Knowledge
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Global Trade Boost Iatas PLACI Eases Cargo Preloading

Global Trade Boost Iatas PLACI Eases Cargo Preloading

The IATA Pre-loaded Cargo Information (PLACI) manual offers a globally standardized cargo information declaration process. It helps businesses efficiently comply with declaration requirements in the US, Europe, UK, UAE, and Canada, avoiding fines and delays, improving operational efficiency, and ensuring trade security. The manual is valid from January 1, 2026, to December 31, 2026.

01/20/2026 Customs Knowledge
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Flexport Mandates IRS Notice for Secure Compliant Trade

Flexport Mandates IRS Notice for Secure Compliant Trade

Flexport account setup requires uploading an IRS notice to verify your EIN, ensuring trade security and compliance. If you don't have an IRS notice, you can upload other IRS documents containing your EIN or request a replacement from the IRS. Flexport is committed to providing secure and reliable global trade services, upholding the highest compliance standards, and helping customers achieve business success. This verification process helps maintain a safe and compliant trading environment for all Flexport users.

01/20/2026 Customs Knowledge
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Blockchain Platform CADENA Boosts Latin America Trade Efficiency

Blockchain Platform CADENA Boosts Latin America Trade Efficiency

The CADENA project leverages blockchain technology to build a cross-border trade data exchange platform in Latin America, connecting 8 countries and covering 14 mutual recognition agreements. Project experience highlights key success factors: co-creation design, proof of concept, selecting appropriate blockchain infrastructure, embracing open source, standardization, and iterative testing. This project offers valuable lessons for global blockchain-enabled trade facilitation initiatives, demonstrating the potential of distributed ledger technology to streamline processes and enhance transparency in international trade.

02/12/2026 Customs Knowledge
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Revised Kyoto Convention to Enhance Trade Facilitation Postreview

Revised Kyoto Convention to Enhance Trade Facilitation Postreview

The 30th session of the Revised Kyoto Convention (RKC) Management Committee focused on reviewing specific annexes aimed at simplifying customs procedures, reducing trade costs, improving clearance efficiency, and promoting international trade growth. The meeting decided to extend the review period until December 2023 to refine the RKC guidelines and draft annexes. This extension aims to create a more convenient and efficient future for global trade by ensuring the RKC remains a relevant and effective tool for trade facilitation worldwide.

02/12/2026 Customs Knowledge
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WCO Examines Customs Codes for Sustainable Textile Trade

WCO Examines Customs Codes for Sustainable Textile Trade

The World Customs Organization (WCO) held a seminar exploring the role of the Harmonized System (HS) in facilitating sustainable textile trade. Participants discussed leveraging the HS coding system to identify environmentally friendly textiles, raising practical issues concerning textile waste classification, eco-labeling standards, and incorporating sustainability into product identification. The aim was to promote a greener HS coding system.

02/12/2026 HS Code Query
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WCO Private Sector Collaborate to Streamline Global Trade

WCO Private Sector Collaborate to Streamline Global Trade

The World Customs Organization (WCO) Private Sector Consultative Group (PSCG) met with the Policy Commission (PC) to discuss key issues including business resumption, data strategy, and Green Customs. The meeting highlighted the critical role of customs during the pandemic and called for the permanent implementation of trade facilitation measures. Participants emphasized leveraging data strategies and Green Customs initiatives to build a sustainable trade system. The importance of strengthening cooperation between customs and the private sector to reshape the global trade landscape was also underscored.

02/12/2026 Customs Knowledge
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Revised Kyoto Convention Aims to Simplify Global Trade

Revised Kyoto Convention Aims to Simplify Global Trade

The 29th session of the Revised Kyoto Convention Management Committee focused on the comprehensive revision of the Kyoto Convention, discussing 50 potential draft texts related to specific annexes, covering key areas such as goods handling, postal traffic, and relief consignments. The meeting urged all parties to actively participate in promoting trade facilitation and fostering global economic growth. Businesses should closely monitor the revision's progress, optimize business processes, and prepare for the opportunities and challenges brought by the new regulations.

02/12/2026 Customs Knowledge
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Indonesia Boosts Customs to Rival Asiapacific Trade Hubs

Indonesia Boosts Customs to Rival Asiapacific Trade Hubs

Indonesia and the World Customs Organization (WCO) have signed an agreement to establish a Regional Training Center (RTC) and a Regional Customs Laboratory (RCL) in Indonesia. This initiative aims to enhance the professional skills of customs officers and improve commodity inspection capabilities in the Asia-Pacific region. The goal is to combat smuggling, facilitate trade, and strengthen global supply chain resilience. Indonesia will play a more significant role in regional customs cooperation through these facilities, contributing to improved efficiency and security in international trade.

02/12/2026 Customs Knowledge
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