Exporters Urged to Strengthen FOB Trade Risk Management

Exporters Urged to Strengthen FOB Trade Risk Management

This paper focuses on FOB trade terms, outlining its key points and potential risks, with particular attention to the operational procedures of the designated freight forwarder. It emphasizes the need for shippers to fully understand their responsibilities and risks under FOB terms. Choosing a professional freight forwarder and ensuring compliant operations are crucial for gaining an advantage in international trade. By understanding and mitigating these risks, businesses can leverage FOB terms effectively.

08/21/2025 Logistics Encyclopedia
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Zimbabwe Enhances Crossborder Trade with Risk Management Training

Zimbabwe Enhances Crossborder Trade with Risk Management Training

The Zimbabwe Revenue Authority, with support from the WCO and HMRC, successfully conducted a risk management workshop. This initiative empowered cross-border regulatory agencies, enhanced risk management capabilities, and promoted trade facilitation. By strengthening risk management practices and coordinating border management efforts, Zimbabwe is building a more efficient and secure environment for cross-border trade. The workshop aimed to equip officials with the necessary skills to identify and mitigate risks associated with international trade, ultimately contributing to economic growth and improved border security.

01/05/2026 Customs Knowledge
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WCO Aids Ethiopia in Trade Risk Management Boost

WCO Aids Ethiopia in Trade Risk Management Boost

The World Customs Organization (WCO) conducted a risk management diagnostic of the Ethiopian Revenues and Customs Authority (ERCA) to enhance its risk management effectiveness and promote trade facilitation. Through in-depth research, multi-stakeholder engagement, on-site visits, and supply chain analysis, the WCO tailored solutions for ERCA and proposed a capacity building action plan. This initiative aims to help Ethiopia establish a more efficient and secure customs administration system. The diagnostic and subsequent recommendations are intended to strengthen ERCA's ability to manage risks effectively and facilitate legitimate trade.

01/22/2026 Customs Knowledge
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Malawi Boosts Trade Risk Management with WCO Support

Malawi Boosts Trade Risk Management with WCO Support

The WCO assessed Malawi Customs' risk management practices to enhance trade facilitation and align with WTO agreements. The assessment identified gaps and provided recommendations for improvement. This aimed to strengthen Malawi's customs procedures, reduce delays, and promote efficient trade flows. The focus was on optimizing risk assessment processes to ensure effective enforcement while minimizing disruption to legitimate trade. Ultimately, the goal was to support Malawi's economic development through improved customs administration and enhanced trade competitiveness.

01/27/2026 Customs Knowledge
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Eswatini Enhances Border Management to Facilitate Trade Growth

Eswatini Enhances Border Management to Facilitate Trade Growth

With the support of the World Customs Organization, Eswatini is enhancing trade facilitation by synergizing border management and data standardization, aiming to realize its vision of a 'seamless border'. This collaborative approach streamlines processes, reduces delays, and promotes efficient cross-border movement of goods. By aligning border procedures and standardizing data exchange, Eswatini is working towards a more integrated and competitive trading environment, contributing to economic growth and regional integration. The focus on data standardization ensures interoperability and improved data quality across different systems.

01/30/2026 Customs Knowledge
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WTO Aid for Trade Review Boosts Global Customs Cooperation

WTO Aid for Trade Review Boosts Global Customs Cooperation

The World Customs Organization (WCO) actively showcases its contribution to enhancing supply chain efficiency and harmonizing border management in the WTO's Aid for Trade Global Review, emphasizing the importance of trade facilitation. Through its tools, projects, and capacity building programs, the WCO consistently supports its members in simplifying customs procedures, strengthening supply chain security, and promoting global trade facilitation, thus contributing to the prosperity of global trade.

12/30/2025 Customs Knowledge
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Burkina Faso Joins Kyoto Convention to Enhance Trade

Burkina Faso Joins Kyoto Convention to Enhance Trade

Burkina Faso's accession to the Revised Kyoto Convention, bringing the number of contracting parties to 111, marks a significant advancement in global trade facilitation. This convention serves as a blueprint for modern customs in the 21st century. By simplifying customs procedures, optimizing information technology applications, and implementing risk management, it effectively promotes global trade facilitation. It complements the World Trade Organization's Trade Facilitation Agreement, jointly driving the healthy development of global trade.

01/27/2026 Customs Knowledge
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PSA International Leads Global Port Management Strategy

PSA International Leads Global Port Management Strategy

PSA International, a leader in the port industry, operates flagship ports in Singapore and Belgium, aiming to optimize global freight logistics. By leveraging advanced technologies to enhance efficiency and collaborating closely with various stakeholders, it demonstrates strong market competitiveness and sustainable development potential.

08/05/2025 Port Encyclopedia
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Global Trade Compliance Key to Growth in Recovering Market

Global Trade Compliance Key to Growth in Recovering Market

The recovery of global trade is driving growth in the Global Trade Management (GTM) market due to new demands for electronic filing and efficient compliance. Businesses should actively embrace digital transformation and build comprehensive GTM systems to proactively address risks, seize opportunities, and achieve sustainable development. This includes streamlining processes, leveraging data analytics, and adopting advanced technologies to navigate complex trade regulations and optimize global supply chains. Adapting to these changes is crucial for maintaining competitiveness and ensuring long-term success in the evolving global trade landscape.

01/22/2026 Logistics Industry Insights
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