WCO Shanghai Conference Focuses on Trade Facilitation Partnerships

WCO Shanghai Conference Focuses on Trade Facilitation Partnerships

At the IFCBA Conference in Shanghai, the WCO emphasized customs-business cooperation to promote trade facilitation. Key focuses included the Belt and Road Initiative and capacity building for customs brokers. The WCO highlighted the importance of collaboration between customs administrations and the private sector in streamlining trade procedures and reducing barriers. This cooperation is crucial for achieving efficient and secure global trade flows, particularly within the context of the Belt and Road Initiative's ambitious infrastructure and connectivity goals. Strengthening the skills and expertise of customs brokers is also vital for smooth and compliant trade operations.

01/05/2026 Customs Knowledge
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WCO Implements New Trade Valuation Rules to Boost Revenue

WCO Implements New Trade Valuation Rules to Boost Revenue

The WCO Technical Committee on Customs Valuation has adopted two new advisory opinions concerning the valuation treatment of income tax in royalties and the valuation of buyer's own trademarks on imported goods. These new rules aim to enhance certainty and transparency in customs valuation, promote international trade facilitation, optimize customs revenue, and ensure the healthy development of global trade. They provide guidance on complex valuation issues, contributing to a more predictable and equitable international trade environment. The opinions seek to clarify existing valuation principles and address practical challenges faced by customs administrations and traders alike.

01/05/2026 Customs Knowledge
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IATA Introduces Safety Tool to Boost Airline Performance

IATA Introduces Safety Tool to Boost Airline Performance

The International Air Transport Association (IATA) has released the I-ASC Aviation Safety Culture Survey Tool to help airlines assess, benchmark, and improve their safety culture. The tool evaluates nine key drivers, providing quantitative and qualitative data to support the development of improvement plans. It offers industry benchmarking, risk identification, global coverage, and continuous improvement tracking capabilities. This helps airlines enhance their safety performance by providing actionable insights and facilitating a proactive approach to safety management. Ultimately, the I-ASC tool aims to foster a stronger safety culture within the aviation industry.

01/05/2026 Airlines
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US Customs Approves ABI Software Vendors to Speed Imports

US Customs Approves ABI Software Vendors to Speed Imports

This article analyzes CBP-certified ABI software vendors and explains how ABI simplifies customs declarations and improves efficiency. It guides businesses in selecting the appropriate software for compliant and efficient customs clearance, adapting to the GBI (Global Business Identifier) trend. ABI software plays a crucial role in streamlining import processes, reducing errors, and ensuring adherence to US Customs regulations. Choosing the right vendor is essential for optimizing supply chain operations and minimizing potential delays or penalties. Understanding the benefits of ABI is key to navigating the complexities of US import compliance.

01/04/2026 Customs Knowledge
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WCO Workshop Enhances Panama Customs Valuation Practices

WCO Workshop Enhances Panama Customs Valuation Practices

With the support of the China Customs Cooperation Fund, the World Customs Organization (WCO) held a virtual workshop on customs valuation for Panama Customs, aiming to enhance its capacity to implement the WTO Agreement on Customs Valuation. The workshop covered key concepts, latest developments, and post-clearance audit applications of the Agreement. Through a combination of theory and practice, it improved participants' skills in document review, customs clearance, and risk management. The WCO will continue to deepen cooperation to support global customs capacity building and promote trade prosperity.

12/30/2025 Customs Knowledge
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St Lucia Aims to Enhance Trade Via AEO Program

St Lucia Aims to Enhance Trade Via AEO Program

Saint Lucia initiated its AEO program exploration in 2009, aiming to simplify customs procedures and enhance business competitiveness by certifying secure and reliable trade operators. A workshop shared Jamaica's experience, emphasizing the importance of swift action. While the private sector expressed concerns, it pledged support. AEO certification is a global trend, and Saint Lucia needs to overcome challenges and seize opportunities to achieve trade facilitation and economic development. The program seeks to streamline processes and improve efficiency for authorized economic operators, fostering a more competitive and attractive trade environment.

12/30/2025 Customs Knowledge
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IATA Addresses Inflight Control Risks to Boost Safety

IATA Addresses Inflight Control Risks to Boost Safety

Loss of Control In-flight (LOC-I) is a significant threat to aviation safety. The IATA annual safety report provides an in-depth analysis of LOC-I accidents, offering Threat and Error Management (TEM) tools and proposing accident prevention recommendations. By focusing on aircraft design, organizational management, and environmental factors, IATA is committed to collaborating with the industry to reduce LOC-I risks and improve global aviation safety levels. The report highlights the importance of proactive measures and continuous improvement in safety protocols to mitigate this critical safety concern.

12/30/2025 Logistics Industry Insights
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Aviation Industry Sets 2050 Netzero Emissions Target

Aviation Industry Sets 2050 Netzero Emissions Target

IATA has committed the aviation industry to net-zero carbon emissions by 2050, relying on sustainable aviation fuels (SAF), new technologies, and operational improvements. Achieving this ambitious goal requires global collaboration and supportive policies from governments worldwide. The transition necessitates significant investment in research, development, and infrastructure to scale up SAF production and deploy innovative technologies. Furthermore, optimized flight routes and air traffic management systems will play a crucial role in reducing emissions. International cooperation is essential to harmonize regulations and incentivize the adoption of sustainable practices across the aviation sector.

12/30/2025 Logistics Industry Insights
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WCO Helps Senegal Modernize Trade with Ruling System

WCO Helps Senegal Modernize Trade with Ruling System

With EU funding, the World Customs Organization (WCO) is supporting Senegal Customs in establishing a national advance ruling system. Through diagnostic assessments and action plan development, the initiative aims to improve trade facilitation in Senegal, reduce trade risks for businesses, and enhance customs clearance efficiency. Senegal is committed to actively promoting the development of this system, and the WCO will continue to provide support, contributing to global trade prosperity. The implementation of the advance ruling system is expected to streamline customs procedures and provide greater certainty for traders.

01/05/2026 Customs Knowledge
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Trade War Uncertainty Slows Freight Industry Growth

Trade War Uncertainty Slows Freight Industry Growth

The trade war exacerbates uncertainty in the global freight economy, leading to slower economic growth and rising inflation. Businesses face multiple challenges, including demand shocks, supply chain disruptions, and shifting competitive landscapes. Companies can effectively navigate this uncertainty by diversifying operations, optimizing cost structures, strengthening risk management, and embracing technological innovation. Data analytics plays a crucial role in demand forecasting, risk assessment, and cost optimization, enabling businesses to make informed decisions and adapt to the evolving market conditions. This proactive approach is essential for resilience and sustainable growth.

01/07/2026 Logistics Industry Insights
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