WCO Updates Global Trade Classifications Under Harmonized System

WCO Updates Global Trade Classifications Under Harmonized System

The World Customs Organization released the decisions of the 60th session of the Harmonized System Committee, including new commodity classification opinions, revisions to the Harmonized System Explanatory Notes, and commodity classification rulings. Businesses should promptly understand and adapt to these changes by updating commodity databases, strengthening internal training, and seeking professional assistance when necessary. This ensures trade compliance and improves efficiency in international trade operations. Staying informed about these updates is crucial for navigating customs regulations effectively.

01/26/2026 HS Code Query
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Global Trade Compliance Strategies Key for 2024 Success

Global Trade Compliance Strategies Key for 2024 Success

In the face of a complex global trade environment, businesses need to establish a comprehensive compliance system, closely monitor policy changes, strengthen supply chain management, leverage technology to improve efficiency, and seek professional support. Only then can they gain a firm foothold in the global market and achieve sustainable development. This involves adapting to evolving regulations, optimizing logistics, and mitigating risks associated with international trade to ensure smooth operations and maintain a competitive advantage.

01/26/2026 Customs Knowledge
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Pandemic Risks Longterm Damage to Global Economic Growth

Pandemic Risks Longterm Damage to Global Economic Growth

An IHS Markit report indicates that the COVID-19 pandemic not only caused an economic recession but also poses a threat to long-term growth. The labor market, capital stock, and total factor productivity have all been negatively affected. Real GDP in developed economies is projected to be lower than pre-pandemic expectations by 2030. Accelerated digitalization may partially offset these adverse effects, but the overall long-term economic consequences remain significant and concerning.

01/26/2026 Logistics Industry Insights
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Global Ecommerce Firms Adopt Advanced Package Return Systems

Global Ecommerce Firms Adopt Advanced Package Return Systems

It's possible to intercept and return an international express package, although success depends on package status, courier policies, and destination country regulations. The golden window is within 24 hours of dispatch. This guide provides detailed instructions, including contacting the courier, confirming package status, and covering applicable fees. It offers interception strategies and alternatives for different stages of transit, helping you minimize potential losses. Factors like the speed of the courier and the package's location are crucial. Act quickly and be prepared to pay for the return shipping.

01/26/2026 Logistics Encyclopedia
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Global Ecommerce Logistics Key Shipping and Warehousing Options

Global Ecommerce Logistics Key Shipping and Warehousing Options

This paper delves into the advantages and disadvantages of four mainstream logistics models in cross-border e-commerce: postal parcels, international express delivery, dedicated line logistics, and overseas warehouses. Combining practical case studies, it provides sellers with a professional logistics strategy guide. This guide helps sellers choose the most suitable logistics method based on factors such as product characteristics, target market, budget, and operational capabilities, ultimately enhancing store competitiveness. It offers insights into optimizing the supply chain and improving customer satisfaction through strategic logistics decisions.

01/26/2026 Logistics
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Global Air Freight Demand Surges Amid Trade Shifts

Global Air Freight Demand Surges Amid Trade Shifts

This paper provides an in-depth analysis of the operational processes, relevant regulations, advantages, and disadvantages of international air freight. Due to its high efficiency and speed, international air freight has become the preferred choice for high-value and time-sensitive goods in global trade. The article details various stages, including cargo acceptance, booking, flight transportation, and customs clearance. It also interprets the regulations of the International Civil Aviation Organization, the International Air Transport Association, and domestic laws of various countries. Finally, the analysis focuses on the speed advantages and cost disadvantages of international air freight.

01/26/2026 Logistics Encyclopedia
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Global Shipping Guide Vessel Tracking and Management Explained

Global Shipping Guide Vessel Tracking and Management Explained

This paper details various methods for ship positioning, including ship tracking websites, professional ship query platforms, and ship positioning Apps. It specifically addresses fishing vessel positioning and departure information inquiries. Furthermore, the functionality and role of Transportation Management Systems (TMS) are introduced, aiming to assist shipping companies in achieving efficient shipping management. The paper explores how these technologies contribute to improved tracking and optimized operations within the maritime industry.

01/26/2026 Logistics
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Global Exporters Turn to Advanced Cargo Tracking Platforms

Global Exporters Turn to Advanced Cargo Tracking Platforms

This article provides an in-depth analysis of popular freight forwarding tracking platforms, including 17track, TrackingMore, Kuaidi100, and logistics providers' official websites. Sharing practical experience, it aims to help foreign trade companies select suitable platforms for accurate cargo tracking, improving operational efficiency and customer satisfaction. Furthermore, the article offers selection and usage recommendations, empowering businesses to succeed in global trade. It focuses on choosing the right tools for efficient logistics management and provides actionable insights for better supply chain visibility.

01/26/2026 Logistics Encyclopedia
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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
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WCO Advocates Gender Equality to Boost Global Trade

WCO Advocates Gender Equality to Boost Global Trade

The World Customs Organization virtual working group meeting focused on gender equality and diversity within trade facilitation, emphasizing collaboration to foster an inclusive customs environment. Discussions explored the link between gender, inclusion, and trade, highlighting the need to raise awareness of the gender impact of trade policies. Customs administrations shared measures to promote gender equality and inclusion, aiming to ensure that more women and marginalized groups benefit from trade. The meeting underscored the importance of creating a level playing field and addressing systemic barriers to participation in international trade.

01/26/2026 Customs Knowledge
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