Customs General Administration Partners with Ningbo Shipping Exchange to Build Maritime Silk Road Trade Index

Customs General Administration Partners with Ningbo Shipping Exchange to Build Maritime Silk Road Trade Index

The General Administration of Customs has signed a memorandum of cooperation with the Ningbo Shipping Exchange to promote the research of the Maritime Silk Road Trade Index and the Export Leading Index. This initiative aims to provide data support for small and medium-sized enterprises and government decision-making, while also aiding the research and analysis of the global trade situation.

07/24/2025 Logistics
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US Tariff Pause Extension Fuels Global Supply Chain Uncertainty

US Tariff Pause Extension Fuels Global Supply Chain Uncertainty

The US extended the reciprocal tariff suspension to August, effectively using it as leverage in trade negotiations. Experts warn of the risks associated with high tariffs. Businesses should closely monitor policies, diversify their supply chains, strengthen digital transformation, and build stable relationships with partners. By proactively addressing uncertainties and embracing open cooperation, companies can find development opportunities amidst global trade challenges.

01/29/2026 Logistics Industry Insights
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Hyundai Q4 Profit Drops Sharply Due to US Tariffs

Hyundai Q4 Profit Drops Sharply Due to US Tariffs

Hyundai Motor's Q4 2023 profits significantly declined, primarily due to US tariffs on automobiles, which offset the benefits of the weaker Korean Won. As the world's third-largest automaker, Hyundai's performance reflects the uncertainties facing the global automotive industry in a complex international trade environment. The impact of trade policy adjustments is significant, highlighting the vulnerability of major manufacturers to geopolitical shifts.

02/05/2026 Customs Knowledge
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Retailers Warn Trade War May Raise Consumer Prices

Retailers Warn Trade War May Raise Consumer Prices

US retail giants warn that the trade war will impact consumers through tariffs, leading to higher prices, reduced product choices, and potentially triggering a global economic slowdown. The article analyzes the mechanisms of tariff impact and emphasizes coping strategies such as rational consumption, policy monitoring, and diversified investment. It aims to help readers navigate the challenges posed by the trade war.

01/28/2026 Customs Knowledge
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Global Customs Group Enters New Era of Cooperation

Global Customs Group Enters New Era of Cooperation

The successful annual conference of the Customs Representatives Association marked the official launch of the association's restructuring and modernization process, injecting new vitality into global customs cooperation. The conference emphasized the crucial role of customs specialists in international collaboration and looked forward to the future of customs cooperation in the context of digitalization and intelligence. The aim is to jointly address global challenges and promote global trade facilitation and security.

01/05/2026 Customs Knowledge
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SSA Invests in Oakland Port to Boost West Coast Trade

SSA Invests in Oakland Port to Boost West Coast Trade

Global terminal operator SSA has extended its lease at the Port of Oakland to 2042 and is investing in terminal expansion and equipment upgrades. This demonstrates SSA's confidence in the future development of the Port of Oakland and its proactive response to changes in the global supply chain landscape. The Port of Oakland is striving to play a more important role in global trade by improving efficiency and strengthening environmental protection.

01/28/2026 Port Encyclopedia
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Guide to DDU Bills of Lading and Freight Forwarding Explained

Guide to DDU Bills of Lading and Freight Forwarding Explained

This article provides a detailed interpretation of common terms and operational procedures in international trade, including the responsibilities under DDU, the difference between prepaid and collect sea waybills, identification of genuine containers, key considerations for LCL cargo, types of freight forwarders, and the importance of cargo tracking. It aims to offer practical guidance for professionals engaged in international trade. The focus is on providing clear explanations and actionable insights to improve understanding and efficiency in daily operations within the global trade landscape.

08/21/2025 Logistics Encyclopedia
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Bosnia Advances Trade Reforms with WCO Eyes WTO Entry

Bosnia Advances Trade Reforms with WCO Eyes WTO Entry

The World Customs Organization (WCO), through its Mercator Programme, supports Bosnia and Herzegovina in implementing the Trade Facilitation Agreement (TFA). A national workshop was held to raise awareness of the TFA among stakeholders, identify implementation priorities, and promote the establishment of a National Committee on Trade Facilitation (NCTF). The workshop focused on the technical measures of the TFA and provided recommendations for Bosnia and Herzegovina's future trade facilitation efforts. This initiative aims to help Bosnia and Herzegovina integrate into the global trading system.

01/05/2026 Customs Knowledge
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Iran Joins Istanbul Convention to Enhance Trade

Iran Joins Istanbul Convention to Enhance Trade

Iran has officially joined the Istanbul Convention, becoming the 68th contracting party, marking a significant step in its international trade facilitation efforts. The Convention, and its core ATA Carnet system, aims to simplify customs procedures, reduce trade costs, and promote cross-border movement of goods. This accession is of great importance for Iran itself and the development of global trade by streamlining temporary import/export processes and fostering economic cooperation. The ATA Carnet simplifies customs procedures for temporary admission of goods.

01/05/2026 Customs Knowledge
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Bolivia Boosts Trade with WCO Origin Predetermination Support

Bolivia Boosts Trade with WCO Origin Predetermination Support

The WCO is assisting Bolivia in enhancing its Origin Advance Ruling (OAR) capabilities. This initiative aims to promote trade facilitation, enabling Bolivia to better integrate into global value chains and strengthen its export competitiveness. By improving OAR processes, Bolivia can provide greater certainty and predictability to traders, reducing delays and costs associated with customs procedures. This collaboration with the WCO supports Bolivia's efforts to streamline trade, attract investment, and ultimately boost its economic growth through increased participation in international trade.

01/05/2026 Customs Knowledge
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