Bahrain Hosts Regional WTO Trade Facilitation Workshop

Bahrain Hosts Regional WTO Trade Facilitation Workshop

In 2015, the World Customs Organization (WCO) held the 3rd Regional Workshop on the Trade Facilitation Agreement (TFA) in Bahrain, aiming to promote understanding and implementation of the TFA in the Middle East and North Africa (MENA) region. The workshop brought together customs and trade experts to discuss key TFA provisions, technical assistance, institutional cooperation, and member case studies. During the event, Japan announced its ratification of the TFA, injecting new momentum into trade facilitation efforts in the MENA region.

01/07/2026 Customs Knowledge
Read More
Nicaragua Launches AEO Program to Streamline Trade

Nicaragua Launches AEO Program to Streamline Trade

Nicaragua has launched an AEO pilot program, supported by the WCO, aimed at enhancing customs capacity, streamlining clearance procedures, reducing business operating costs, and boosting international trade competitiveness. The program includes AEO certification and Time Release Studies, designed to create an efficient and convenient customs environment and promote Nicaragua's economic development. This initiative is expected to significantly improve the ease of doing business and attract foreign investment by fostering a more predictable and reliable trade ecosystem.

01/07/2026 Customs Knowledge
Read More
Moldova Boosts Customs Efficiency to Streamline Trade

Moldova Boosts Customs Efficiency to Streamline Trade

The World Customs Organization (WCO) held a Customs Valuation workshop in Moldova to enhance the country's customs expertise in customs valuation and promote trade facilitation. The workshop covered topics such as the application of the WTO Valuation Agreement, the establishment and utilization of valuation databases, the valuation of second-hand goods, the treatment of assistance and license fees, and the advance ruling system. This provided valuable learning opportunities for Moldovan customs officials.

01/07/2026 Customs Knowledge
Read More
Comoros Enhances Trade Via WTO Customs Training

Comoros Enhances Trade Via WTO Customs Training

The World Trade Organization (WTO) and the World Customs Organization (WCO) jointly held a workshop to provide technical assistance on customs valuation to Comoros, which is seeking to join the WTO, helping it fulfill its accession obligations. The workshop focused on the WTO's Valuation Agreement, covering valuation methods, appeal procedures, pre-shipment inspection, and trade facilitation. The aim was to enhance Comoros' trade competitiveness and build an efficient and transparent trade environment. The training is crucial for Comoros to align its customs practices with international standards.

01/07/2026 Customs Knowledge
Read More
Guinea Boosts Trade Efficiency with Stakeholder Partnerships

Guinea Boosts Trade Efficiency with Stakeholder Partnerships

With support from the Swedish-funded WACAM project, Guinea, in collaboration with the World Customs Organization (WCO) and the World Bank, has strengthened communication among stakeholders in trade facilitation. Through training initiatives and the establishment of a port advisory committee in Conakry, the aim is to improve customs efficiency and promote collaboration among all parties. This effort seeks to enhance the implementation of the Trade Facilitation Agreement (TFA) and foster Guinea's international trade development.

01/07/2026 Customs Knowledge
Read More
Chile Advances Trade with Customs System Workshop

Chile Advances Trade with Customs System Workshop

Chile successfully hosted a national seminar in Valparaiso on the Harmonized System and Customs Tariff Management. The seminar aimed to enhance the professional skills of customs officials in commodity classification and tariff management, ensuring consistent application of the HS 2017 version and improving current working methods. With the assistance of the WCO, Chile Customs will continue to improve its capabilities, making greater contributions to promoting Chile's economic development and facilitating international trade.

01/07/2026 Customs Knowledge
Read More
Global Freight Rates Routes Capacity and Cost Trends Analyzed

Global Freight Rates Routes Capacity and Cost Trends Analyzed

This paper analyzes international sea, air, and land freight prices based on data from Jiuzhou Logistics Network, revealing cost differences across various routes and transportation modes. It offers cost optimization and risk management suggestions for businesses, including comparing prices across multiple channels, optimizing transportation methods, and monitoring market dynamics. The aim is to help companies enhance their competitiveness in global trade by better understanding and managing international freight costs.

08/15/2025 Logistics
Read More
Project Shipping Rates to Surge in 2025 Amid Tonnage Shortage

Project Shipping Rates to Surge in 2025 Amid Tonnage Shortage

The outlook for the project transport market in 2025 is optimistic, with strong demand for project cargo leading to rising freight rates amidst tight supply. Project transport charter rates are expected to increase by 10-20%, while general cargo rates may rise by 1-7%. The global trade environment continues to be influenced by geopolitical factors and the U.S. election, therefore, it is essential to keep an eye on industry dynamics.

08/06/2025 Logistics Industry Insights
Read More
Freight Forwarding Challenges Avoiding Billing and Fee Pitfalls

Freight Forwarding Challenges Avoiding Billing and Fee Pitfalls

This article provides an in-depth analysis of common issues in freight forwarding practices, including invoice types, detention charges, manifest amendments, and customs declaration information modifications. It aims to help freight forwarders and foreign trade companies mitigate potential risks, improve operational efficiency, and ensure the smooth execution of international freight processes. The article offers practical guidance and insights to navigate these complexities and optimize overall performance in the global logistics landscape.

08/22/2025 Logistics Encyclopedia
Read More
Norways Krone Gains As USD Exchange Rates Favor International Trade

Norways Krone Gains As USD Exchange Rates Favor International Trade

This article provides real-time exchange rates, historical data, and analysis of influencing factors for the Norwegian Krone against the US Dollar. It guides readers on how to leverage this information to optimize international transaction strategies, reduce risks, and increase profits. Mastering exchange rate information is crucial for successful international transactions. Understanding the dynamics between NOK and USD can significantly impact profitability and risk management in global trade and investment.

09/01/2025 Exchange Rate Query
Read More