WCO and OIE Partner to Boost Crossborder Trade Safety

WCO and OIE Partner to Boost Crossborder Trade Safety

The World Customs Organization and the World Organisation for Animal Health are strengthening cooperation to create a safer, more efficient, and equitable cross-border trade environment. This collaboration focuses on enhancing cooperation among border agencies, implementing trade facilitation agreements, coordinating risk management, and building capacity. The goal is to promote global economic development and bring multiple benefits to businesses, consumers, and governments by streamlining processes and reinforcing security measures at borders.

WCO Releases Guide to Bolster Global Trade Disaster Preparedness

WCO Releases Guide to Bolster Global Trade Disaster Preparedness

The World Customs Organization (WCO) Permanent Technical Committee (PTC) approved the 'Disaster Management and Supply Chain Continuity Guidelines' to help businesses cope with emergencies and ensure supply chain security. The meeting also discussed accelerating vaccine distribution, optimizing passenger clearance, regulating e-commerce trade, and improving customs clearance efficiency, providing direction for global trade development. Businesses should actively learn and apply these outcomes to enhance their risk resistance and competitiveness.

GIZ WCO Boost Gambia Trade with New Customs Tools

GIZ WCO Boost Gambia Trade with New Customs Tools

GIZ Germany, in collaboration with the WCO, is supporting Gambia in enhancing trade facilitation. The project focuses on optimizing risk management, strengthening inter-agency cooperation, and utilizing the WCO Time Release Study tool. The aim is to reduce cargo clearance times, improve trade efficiency, and ultimately promote economic development in Gambia. This initiative seeks to streamline customs procedures and create a more competitive trading environment for the country.

Global Freight Economy Faces Trade Tension Uncertainty

Global Freight Economy Faces Trade Tension Uncertainty

Escalating trade tensions are increasing uncertainty in global freight. This analysis examines the macroeconomic impacts, recession risks, and corporate responses to this volatile environment. It emphasizes the importance of risk management strategies, technological innovation, and international cooperation for businesses navigating these challenges. Companies need to adapt and build resilient supply chains to mitigate the negative effects of trade friction and ensure continued operations in a dynamic global market.

Global Logistics Sector Struggles As PMI Hits 10year Low

Global Logistics Sector Struggles As PMI Hits 10year Low

Global trade faces challenges as the manufacturing PMI hits a 10-year low, raising supply chain concerns. The Port of Los Angeles is enhancing its operational efficiency and competitiveness through increased infrastructure investment, data-driven management, and strengthened inland partnerships. Businesses need to build flexible, efficient, and resilient supply chains by diversifying sourcing, strengthening risk management, embracing technological innovation, and fostering collaboration to navigate the complexities and uncertainties of global trade.

Nigeria Customs Adopts Wcobacked Tech for Faster Clearance

Nigeria Customs Adopts Wcobacked Tech for Faster Clearance

The World Customs Organization (WCO) collaborated with the Nigeria Customs Service (NCS) through the 'Accelerated Trade Facilitation Programme' to strengthen its Post Clearance Audit (PCA) system. This project covers five pillars: risk management, legal framework, operational procedures, stakeholder engagement, and human resource management. It aims to improve the efficiency of Nigeria Customs, seamlessly integrate with the Authorized Economic Operator (AEO) program, and contribute to trade prosperity in Nigeria and Africa.

Global Logistics Strategies to Reduce Risks and Boost Profits

Global Logistics Strategies to Reduce Risks and Boost Profits

This paper delves into common transportation, customs clearance, and market risks in international logistics, offering mitigation strategies such as selecting reliable partners, optimizing customs procedures, and strengthening market risk management. It also emphasizes the importance of international logistics insurance in helping companies effectively reduce risks and ensure smooth trade activities in global trade. The paper aims to provide insights into managing and minimizing potential losses in international logistics operations.

Colombia Streamlines Ecommerce Customs Via SECOWCO Program

Colombia Streamlines Ecommerce Customs Via SECOWCO Program

Under the SECO-WCO Global Trade Facilitation Programme Phase II, Colombia hosted a workshop focusing on accelerated customs clearance, with a particular emphasis on the e-commerce sector. The workshop aimed to improve the efficiency of customs clearance for cross-border e-commerce in Colombia, promoting its integration into the global trading system. This was to be achieved through streamlining processes, optimizing risk management, and leveraging technological applications to facilitate trade.

Shipping Firms Adopt New Strategies to Reduce Ocean Cargo Losses

Shipping Firms Adopt New Strategies to Reduce Ocean Cargo Losses

Ocean freight risks are increasing, making cargo more vulnerable. Strengthening risk management, purchasing cargo insurance, and improving contracts are crucial. Cargo insurance provides essential protection. Choosing the right insurance policy can effectively mitigate potential losses during ocean transportation. It's a vital safeguard against damage, theft, or other unforeseen events that can occur during the long and complex journey of goods across the seas. Proactive risk assessment and appropriate insurance coverage are essential for businesses involved in international trade.

Jordan Adopts Dubai Customs Model to Boost Air Cargo Efficiency

Jordan Adopts Dubai Customs Model to Boost Air Cargo Efficiency

The Jordan Customs Department visited Dubai Customs to learn best practices in trade facilitation and improve air cargo clearance efficiency. Dubai Customs' experience in streamlining procedures, risk management, data application, and technology automation provided valuable insights for Jordan. This visit will help Jordan develop fast-release procedures, optimize the e-commerce environment, and strengthen risk management capabilities. The ultimate goal is to create a more efficient customs clearance environment in Jordan, leveraging the successful strategies implemented in Dubai.