WCO Enhances Trade and Customs Modernization in Namibia

WCO Enhances Trade and Customs Modernization in Namibia

At the request of Namibian Customs, the World Customs Organization (WCO) conducted a diagnostic assessment to support the implementation of the WTO's Trade Facilitation Agreement. Through in-depth research and tailored recommendations, the WCO aims to help Namibian Customs streamline processes, improve efficiency, and strengthen cooperation with other development partners. The ultimate goal is to achieve customs modernization and promote economic growth in Namibia. This initiative focuses on identifying areas for improvement and providing practical guidance for enhancing trade facilitation measures.

02/03/2026 Customs Knowledge
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WCO Aids Bosnias Tax Authority in Risk Management Boost

WCO Aids Bosnias Tax Authority in Risk Management Boost

Funded by the WCO's Eurocustoms Fund, a risk management workshop was held for the Indirect Taxation Authority of Bosnia and Herzegovina (ITA BiH) to enhance its risk management capabilities. The workshop covered risk assessment, analysis, and response strategies, sharing international best practices. This initiative aims to lay the foundation for a robust risk management system within ITA BiH, ultimately improving tax collection efficiency and combating illicit activities. The training will help the ITA BiH better identify and mitigate potential threats, leading to more effective and secure customs operations.

02/03/2026 Customs Knowledge
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WCO and WTO Boost Trade Facilitation Leadership Globally

WCO and WTO Boost Trade Facilitation Leadership Globally

The World Customs Organization (WCO) collaborates closely with the World Trade Organization (WTO) to empower chairs of national trade facilitation committees through initiatives like advanced courses. This partnership aims to enhance their understanding and implementation capabilities regarding the WTO's Trade Facilitation Agreement. The collaboration focuses on simplifying customs procedures, improving border management efficiency, and promoting transparency and sustainable development in global trade. Ultimately, this joint effort contributes to global economic growth by fostering a more streamlined and efficient international trading system.

02/03/2026 Customs Knowledge
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Senegal Customs Modernizes HR with WCO Backing Targets Regional Benchmark

Senegal Customs Modernizes HR with WCO Backing Targets Regional Benchmark

With WCO support through the WACAM project, Senegalese Customs is advancing human resource modernization. They've completed personnel planning tools and secured high-level support. The goal is to validate and implement a competency-based approach by December 15, 2015. This initiative aims to enhance customs efficiency, employee satisfaction, and international competitiveness. It is expected to serve as a model for West Africa, demonstrating the positive impact of strategic human resource management within customs administrations.

02/03/2026 Customs Knowledge
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Moldova Boosts Trade Compliance with Wcobacked Customs Upgrades

Moldova Boosts Trade Compliance with Wcobacked Customs Upgrades

The World Customs Organization (WCO) held a Customs Valuation Workshop in Moldova, aiming to enhance the understanding and application of the WTO Valuation Agreement among Moldovan customs officials. The workshop focused on strengthening the role of valuation databases in risk assessment, standardizing valuation procedures, and addressing challenging issues such as the valuation of second-hand goods, the determination of assistance costs, and license fees. This initiative contributes to trade facilitation and economic development by improving customs valuation practices in Moldova.

02/03/2026 Customs Knowledge
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Congo Enhances Customs Valuation with WCO Support

Congo Enhances Customs Valuation with WCO Support

The World Customs Organization (WCO) is assisting the General Directorate of Customs and Excise of the Democratic Republic of Congo (DGDA) in its transition following the termination of contracts with private inspection companies. A WCO expert mission visited the DRC to help DGDA officials consolidate their knowledge, introduce new tools, and provide technical support through meetings and workshops. The aim is to establish an efficient and transparent customs valuation system, promoting economic development and integration into the global economy for the DRC.

02/03/2026 Customs Knowledge
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Cameroon Customs Strengthens Leadership for Strategic Reform

Cameroon Customs Strengthens Leadership for Strategic Reform

In 2015, the World Customs Organization (WCO) assisted Cameroon Customs in enhancing its leadership capabilities, regaining control of outsourced functions, and promoting reforms. This support culminated in the "Mbankomo II Declaration," which aims to further support the development of Cameroon Customs. The initiative focused on strengthening internal management and fostering a more effective and autonomous customs administration.

02/03/2026 Customs Knowledge
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African Customs Labs Enhance Skills Via Asiapacific Training

African Customs Labs Enhance Skills Via Asiapacific Training

In April 2023, the World Customs Organization organized a study visit to Japan for heads of African Customs Laboratories to learn best practices from Asia-Pacific regional customs laboratories. The visit included examining laboratory operation models, technologies, infrastructure, and a tour of the Japan Customs Laboratory. African representatives expressed their commitment to enhancing their national laboratory capabilities and looked forward to future international exchanges and cooperation. The visit highlighted the importance of regional collaboration in strengthening customs laboratory expertise.

02/03/2026 Customs Knowledge
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Paraguayan Guarani Fluctuates Against US Dollar Amid Economic Shifts

Paraguayan Guarani Fluctuates Against US Dollar Amid Economic Shifts

This article analyzes the fluctuations in the exchange rate between the Paraguayan Guarani (PYG) and the US Dollar (USD), while also exploring comparisons with other major currencies and the impact of central bank interest rate policies on the exchange rate. Currently, the PYG exhibits volatility, prompting investors to pay attention to economic trends and market dynamics.

08/11/2025 Exchange Rate Query
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Best Times to Convert GBP to USD for Savings

Best Times to Convert GBP to USD for Savings

As the global economy continues to evolve, understanding the significance of currency conversion becomes essential. Currently, 500 GBP can be exchanged for 672.03 USD, providing crucial guidance for personal investment and spending. With real-time exchange rate tools, you can easily manage your currency conversion.

08/08/2025 Exchange Rate Query
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