Belt and Road Nations Push for Stronger Customs Cooperation to Boost Trade

Belt and Road Nations Push for Stronger Customs Cooperation to Boost Trade

During the Belt and Road Forum for International Cooperation, experts discussed the significance of customs cooperation among participating countries. They proposed five key areas for improvement: deepening mechanism alignment, regulatory innovation, information sharing, trade security, and capacity building, to enhance customs' role in facilitating trade. Through collaboration, countries can better respond to emerging trade patterns and ensure global economic stability and prosperity.

07/29/2025 Logistics
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HS Committee Revises Commodity Classifications at 58th Session

HS Committee Revises Commodity Classifications at 58th Session

The World Customs Organization has released new commodity classification rules covering a variety of goods. This aims to improve classification accuracy and facilitate trade. Businesses should proactively study and understand these new regulations to ensure compliance and avoid potential trade disruptions. Understanding the updated guidelines is crucial for accurate declarations and smooth customs clearance processes, ultimately benefiting international trade operations.

01/26/2026 HS Code Query
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Global Trade Relies on Switch Bills of Lading for Flexibility

Global Trade Relies on Switch Bills of Lading for Flexibility

This article provides an in-depth analysis of the concept, application scenarios, and risks associated with "Switch Bill of Lading" in international trade. As a flexible trade tool, switch bills of lading play a significant role in circumventing trade restrictions, complying with contractual requirements, protecting commercial secrets, and optimizing tariff strategies. However, readers are reminded to exercise caution when using switch bills of lading, choosing reputable carriers, and understanding relevant laws and regulations to ensure trade security. Careful consideration is crucial for mitigating potential risks and ensuring a smooth transaction.

09/26/2025 Logistics Encyclopedia
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WCO Tackles Customs Law Reform As Nationalism Grows

WCO Tackles Customs Law Reform As Nationalism Grows

The 13th World Customs Law Conference focused on customs law changes and multilateral trade system challenges against the backdrop of nationalism. The World Customs Organization (WCO) emphasized the crucial role of capacity building in addressing trade protectionism and presented its work in e-commerce. The conference also discussed issues such as the participation of Least Developed Countries in international trade, the EU Customs Code, and challenges for customs brokers. The aim was to promote trade facilitation and security, and to maintain the stability of the global trading system.

01/05/2026 Customs Knowledge
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Global Trade System ATA Carnet to Go Digital by 2027

Global Trade System ATA Carnet to Go Digital by 2027

The ATA/Istanbul Convention Administrative Committee meeting focused on the digital transformation of the ATA Carnet system, aiming for full global digital customs clearance by 2027. The meeting established a global transition timeline for e-ATA and emphasized the importance of customs readiness guidelines and global training. The goal is to enhance customs clearance efficiency, reduce trade costs, and ensure trade security, ultimately fostering a new future for global trade. This initiative promises streamlined processes and improved security measures, contributing to a more efficient and secure international trade environment.

02/12/2026 Customs Knowledge
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Expert Warns of Global Trade Disruptions Urges Supply Chain Resilience

Expert Warns of Global Trade Disruptions Urges Supply Chain Resilience

This report provides an in-depth analysis of the challenges and opportunities facing global trade. Drawing on the expertise of Dr. Walter Kemmsies, it explores critical issues such as supply chain diversification, nearshoring, tariff policies, and US-China trade relations. The aim is to offer strategic guidance to businesses, helping them seize opportunities amidst the evolving global trade landscape. It delves into the complexities of modern trade and provides actionable insights for navigating the current economic climate. This analysis empowers businesses to adapt and thrive in a dynamic global market.

01/29/2026 Logistics Industry Insights
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US Businesses May Reclaim Millions in Unclaimed Tariff Refunds

US Businesses May Reclaim Millions in Unclaimed Tariff Refunds

Facing opportunities arising from the U.S. Trade Representative (USTR) tariff policy adjustments, how can businesses seize duty drawback benefits? North American customs compliance expert Ben Bidwell reveals the impact of USTR tariff policy changes, the potential for duty drawback amounts, the direction of China-U.S. tariffs, and the long-term effects of tariffs. He advises companies to proactively respond, grasp opportunities, strengthen cooperation with customs brokers and trade experts, enhance compliance levels, and reduce trade risks. This proactive approach is crucial for navigating the evolving trade landscape and maximizing potential benefits.

01/30/2026 Customs Knowledge
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Bangladesh Japan Partner to Develop Deepsea Port for Trade Boost

Bangladesh Japan Partner to Develop Deepsea Port for Trade Boost

Bangladesh has reached a collaboration with a Japanese company to jointly develop the Matarbari deep sea port in the Cox's Bazar region, aimed at enhancing international trade capacity and economic growth. The new port will feature a 460-meter container terminal and a 300-meter multipurpose terminal, with an expected handling capacity of 2.6 million TEUs, and is set to be completed by 2029.

08/05/2025 Logistics
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China Cuba Launch First Direct Freight Route to Expand Trade

China Cuba Launch First Direct Freight Route to Expand Trade

On June 25, 2025, China and Cuba launched their first regular international freight route, operating twice a week with a cargo capacity of 20 tons per trip. This new service significantly shortens the transportation time to within 24 hours, greatly facilitating trade development between the two countries.

07/02/2025 Logistics
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