Global Trade Grows As Kyoto Convention Membership Exceeds 113

Global Trade Grows As Kyoto Convention Membership Exceeds 113

With the accession of the Republic of the Congo, the Revised Kyoto Convention (RKC) now has 113 contracting parties. This convention serves as a blueprint for 21st-century customs modernization, aiming to enhance trade efficiency and reduce costs by simplifying customs procedures, optimizing the use of information technology, and effectively implementing risk management. The RKC helps businesses thrive in the global market. The WCO encourages more members to join and implement the RKC, fostering a brighter future for global trade facilitation.

01/30/2026 Customs Knowledge
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GXO CEO Explores Postpandemic Logistics Growth Opportunities

GXO CEO Explores Postpandemic Logistics Growth Opportunities

An interview with Malcolm Wilson, CEO of XPO Logistics Europe, discussing the launch of GXO Logistics, market prospects, COVID-19 response, risk management, and competition. Wilson expresses optimism about GXO's future, emphasizing the importance of automation and globalization. He highlights how GXO is positioned to capitalize on the growing demand for outsourced logistics solutions and navigate the evolving challenges of the global supply chain. The interview provides insights into GXO's strategic direction and its commitment to innovation and customer service.

01/30/2026 Logistics Industry Insights
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Gold Prices Fall As Institutions Turn Bearish

Gold Prices Fall As Institutions Turn Bearish

The gold market is currently under pressure from institutional selling, with an opportunity score dropping to -6, indicating bearish characteristics. Technical indicators show the price below VWAP, and a bearish flag pattern suggests a potential downside risk. It is recommended to sell on rallies, focusing on the 4430 support level, and to be cautious about rebounds. Neutral signals from high trading volume suggest a balanced market force, requiring close attention to future trends. The market is showing bearish signals overall.

01/30/2026 International Settlement
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Maritime Guide Protecting Cargo Under General Average

Maritime Guide Protecting Cargo Under General Average

This article provides an accessible and in-depth analysis of the 'General Average' system in maritime transport. It covers the definition, constituent elements, handling procedures, precautions, responses to special scenarios, and long-term risk prevention strategies. This comprehensive 'avoidance guide' aims to help cargo owners understand the risks of General Average and effectively respond when encountering it, reducing potential losses and disputes. It offers practical insights for mitigating the financial impact and navigating the complexities of General Average claims in the shipping industry.

01/30/2026 Logistics Encyclopedia
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Sierra Leone Boosts Customs Audits with WCO Assistance

Sierra Leone Boosts Customs Audits with WCO Assistance

The World Customs Organization (WCO) supported Sierra Leone in enhancing its Post Clearance Audit (PCA) capabilities through a workshop, technical assistance, and an action plan. This aims to effectively implement the World Trade Organization (WTO)'s Trade Facilitation Agreement (TFA). The initiative focuses on strengthening the Sierra Leone National Revenue Authority (NRA)'s customs risk management, improving control effectiveness, and promoting trade facilitation. Ultimately, this contributes to the country's sustainable economic development by optimizing revenue collection and streamlining trade processes.

01/30/2026 Customs Knowledge
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Brazil Customs Guide Aims to Reduce Logistics Delays

Brazil Customs Guide Aims to Reduce Logistics Delays

Brazil's customs regulations are strict, leading to high return rates. This article delves into Brazil's triple-layered customs control system and provides detailed customs clearance solutions. It covers practical tips such as document preparation, HS code matching, value declaration, and logistics channel selection. This guide aims to help cross-border e-commerce sellers reduce the risk of returns and successfully expand into the Brazilian market by navigating the complexities of Brazilian customs and implementing best practices for smooth and efficient clearance.

01/30/2026 Logistics
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Trade Experts Urge Transshipment Hub Reforms to Ensure Delivery Amid Crises

Trade Experts Urge Transshipment Hub Reforms to Ensure Delivery Amid Crises

This paper delves into emergency transshipment port operations in foreign trade, providing feasibility assessments, standardized processes, cost-effectiveness analysis, and risk mitigation strategies. It aims to help companies efficiently resolve unexpected issues, ensure timely cargo delivery, reduce operational risks, and enhance customer satisfaction. Mastering transshipment port operations is like equipping a company with an 'airbag,' turning potential crises into manageable situations. The paper offers practical solutions for businesses seeking to navigate unforeseen challenges and maintain a competitive edge in the global market.

01/30/2026 Logistics Encyclopedia
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Global Customs Agencies Crack Down on Illegal Wildlife Trade

Global Customs Agencies Crack Down on Illegal Wildlife Trade

The World Customs Organization (WCO) Environment Programme, in collaboration with customs administrations from 11 countries, is enhancing capabilities to combat illegal wildlife trade (IWT) through online diagnostic assessments. Focusing on key areas such as training, enforcement, legislation, cooperation, intelligence, and risk management, the program tailors solutions and gathers international experts to build a global anti-smuggling defense line and safeguard ecological security. The initiative aims to improve customs' effectiveness in detecting and preventing the trafficking of endangered species and related products.

01/30/2026 Customs Knowledge
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Firms Diversify Supply Chains Reduce Reliance on China

Firms Diversify Supply Chains Reduce Reliance on China

A Kearney report indicates a strong desire for companies to reshore, but supply chain diversification is the dominant trend. US companies are actively seeking sourcing options outside of China, reshaping the Asian manufacturing landscape and leading to a decrease in China's export share. Businesses need to conduct cost, risk, market, and compliance analyses to select the optimal approach and build more resilient and sustainable supply chains. Diversification, rather than complete reshoring, is the key strategy for mitigating risks and ensuring long-term stability.

02/03/2026 Logistics Industry Insights
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Trucking Group Calls for FMCSA Safety Rating Overhaul

Trucking Group Calls for FMCSA Safety Rating Overhaul

The American Trucking Associations (ATA) is urging the Federal Motor Carrier Safety Administration (FMCSA) to re-evaluate its safety rating system, citing geographical biases and data quality issues that distort ratings. Concerns raised highlight deficiencies in data sufficiency, enforcement disparities, and rating standards within the current system. These shortcomings necessitate improvements to more accurately reflect a carrier's safety performance. The ATA believes a revised system is crucial for providing a more reliable assessment of motor carrier safety and identifying high-risk operators effectively.

02/03/2026 Logistics
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