Gambia Revenue Authority Boosts Project Management for Modernization

Gambia Revenue Authority Boosts Project Management for Modernization

The Gambia Revenue Authority, with support from the WCO-Sweden Cooperation Programme (OMD-MADAO), has successfully developed a project management methodology to improve the efficiency of reform and modernization projects. This methodology covers all phases of the project lifecycle and is expected to be officially approved and fully implemented in September. It aims to establish an efficient and standardized project management system within the Gambia Revenue Authority and serve as a model for other developing countries. The initiative will enhance the GRA's ability to effectively manage and execute strategic projects.

01/26/2026 Customs Knowledge
Read More
ECB Vice President Race Intensifies As Centenos Bid Faces Hurdles

ECB Vice President Race Intensifies As Centenos Bid Faces Hurdles

The ECB Vice President appointment may be revealed today, with former Portuguese Finance Minister Centeno facing challenges. The article analyzes the backgrounds and strengths of the candidates and explores the impact of the Vice President's selection on ECB policy. The final candidate requires the support of at least 16 countries. The market is paying close attention to the subsequent press conference. The appointment is crucial for the ECB's future direction and its ability to navigate the current economic landscape. The selection process has been closely watched by investors and economists alike.

01/19/2026 Exchange Rate Query
Read More
Lesotho South Africa Enhance Trade to Advance Afcfta

Lesotho South Africa Enhance Trade to Advance Afcfta

Lesotho and South Africa, with the support of the World Customs Organization, jointly released a Time Release Study report to optimize border management and enhance cross-border trade efficiency. Focusing on the Maseru Bridge and Ficksburg Bridge border posts, the study aims to reduce non-tariff trade barriers through coordinated border management and the implementation of one-stop service. This initiative supports the development of the African Continental Free Trade Area and promotes regional economic prosperity by streamlining processes and improving the flow of goods between the two countries.

01/26/2026 Customs Knowledge
Read More
Global Trade Initiative Extended to Boost Sustainable Growth

Global Trade Initiative Extended to Boost Sustainable Growth

The Global Trade Facilitation Programme (GTFP), jointly launched by the Swiss State Secretariat for Economic Affairs (SECO) and the World Customs Organization (WCO), has been officially extended for another year. The program aims to simplify trade procedures, enhance transparency, strengthen international cooperation, and build capacity to promote global trade development. This extension provides beneficiary countries with more opportunities to further advance trade facilitation reforms and improve their competitiveness in global trade. It allows for continued support in streamlining customs processes and fostering a more efficient and predictable trading environment.

01/26/2026 Customs Knowledge
Read More
WCO Backs African Customs Agencies to Strengthen Green Trade

WCO Backs African Customs Agencies to Strengthen Green Trade

The World Customs Organization (WCO), in collaboration with the UN Environment Programme and the Basel Convention Secretariat, conducted workshops in Kenya and Tanzania. These workshops aimed to enhance the knowledge and enforcement capabilities of the two countries' customs departments regarding the Basel Convention and the Montreal Protocol. This initiative is part of the Sida-WCO TFCM Programme, designed to promote sustainable development in Sub-Saharan Africa and strengthen the role of customs in environmental protection. The workshops focused on identifying and intercepting illegal shipments of hazardous waste and ozone-depleting substances.

01/26/2026 Customs Knowledge
Read More
Gold Gains As Global Dedollarization Trend Grows

Gold Gains As Global Dedollarization Trend Grows

The dominance of the US dollar in global reserve assets is being challenged, with its share steadily declining. Emerging market currencies like the RMB and gold reserves are gaining traction as many countries accelerate the reduction of their dollar holdings. The trend of "de-dollarization" is accelerating, raising concerns about the fiscal sustainability and creditworthiness of the United States. The Federal Reserve's independence is being questioned, and its policy choices face dilemmas. Gold has emerged as a powerful challenger to the dollar. A more diversified monetary world is on the horizon.

01/28/2026 Exchange Rate Query
Read More
Uschina Trade War Escalates As Tariffs Threaten Output

Uschina Trade War Escalates As Tariffs Threaten Output

The Trump administration escalated the trade war with China, threatening massive tariffs and potentially leading to a near-total halt of trade between the two countries. Experts are analyzing the potential economic impact of this escalation. Many are urging both sides to engage in dialogue to resolve the dispute before further damage is done to the global economy. The continued escalation raises concerns about supply chain disruptions and increased costs for consumers worldwide. A negotiated solution is seen as crucial to avoid a prolonged and damaging trade conflict.

01/29/2026 Customs Knowledge
Read More
Lesotho South Africa Study Customs Efficiency to Boost Trade

Lesotho South Africa Study Customs Efficiency to Boost Trade

Lesotho and South Africa jointly released an end-to-end clearance time study report, aiming to optimize border management and improve cross-border trade efficiency. The study focuses on the Maseru Bridge and Ficksburg Bridge border posts, highlighting the importance of trade facilitation in unlocking the potential of the African Continental Free Trade Area. Both countries are committed to implementing the report's recommendations, strengthening economic ties, and promoting regional economic development. The study underscores the critical role of efficient border procedures in fostering trade and growth within the region.

01/30/2026 Customs Knowledge
Read More
LCL Lithium Battery Shipments Require Dangerous Goods Certificates

LCL Lithium Battery Shipments Require Dangerous Goods Certificates

This article provides a detailed interpretation of whether a Dangerous Goods Packing Certificate (DG Packing Certificate) is required for the LCL (Less than Container Load) sea freight export of Class 9 dangerous goods lithium batteries. It elaborates on key aspects such as booking documents, warehouse entry requirements, customs declaration procedures, and bill of lading issuance for lithium battery sea freight exports. The article emphasizes the importance of the DG Packing Certificate and reminds readers to pay attention to the differing requirements of various countries and regions. It serves as a practical guide for navigating the complexities of lithium battery LCL sea shipments.

03/12/2024 Logistics Encyclopedia
Read More
Global Customs Clearance Key Factors and Speed Strategies

Global Customs Clearance Key Factors and Speed Strategies

The processing time for international express parcels detained by customs is influenced by various factors, including the reason for detention, the efficiency of the destination country's customs, the speed of document completion, and the chosen logistics channel. This article analyzes the processing time for different detention reasons, variations in efficiency across countries/regions, and the impact of different channels. It also provides key actions to expedite processing and tips to avoid common pitfalls. The aim is to help cross-border e-commerce sellers and foreign trade enterprises effectively address customs clearance challenges, shorten clearance times, and reduce operational risks.

01/15/2026 Customs Knowledge
Read More