WCO Enhances Nigeria Ghana Customs to Boost Trade

WCO Enhances Nigeria Ghana Customs to Boost Trade

With WCO support, Nigeria and Ghana jointly organized a training of trainers program on valuation, aiming to enhance customs valuation capabilities and promote trade facilitation in both countries. Following the termination of contracts with private inspection companies and the return of valuation responsibilities to customs, this training covered technical valuation, valuation control, and trainer skills. The goal is to strengthen the national valuation trainer pool in both countries, injecting new momentum into trade development in West Africa. This initiative is expected to improve valuation accuracy and efficiency, ultimately contributing to smoother trade flows.

01/05/2026 Customs Knowledge
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Madagascar Customs Boosts Valuation Skills Via WCO Support

Madagascar Customs Boosts Valuation Skills Via WCO Support

The World Customs Organization (WCO) conducted an online workshop to enhance Madagascar Customs' valuation capabilities, covering valuation principles, Incoterms, the transaction value method, used vehicle valuation, and combating under-invoicing. Madagascar Customs officials actively participated, significantly improving their valuation skills. WCO experts commended their efforts and recommended strengthening valuation database development, enhancing risk management, fostering international cooperation, and continuing capacity building initiatives. This initiative aims to improve revenue collection and ensure fair trade practices in Madagascar.

01/05/2026 Customs Knowledge
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Customs Duty Reassessment Rules and Compliance Strategies Explained

Customs Duty Reassessment Rules and Compliance Strategies Explained

This article provides a detailed interpretation of the scope and time limits for supplementary duty payments, including underpaid or missed duties due to classification or valuation errors after goods release, domestic sales transfer of specific duty-free or reduced-duty goods, and illegal smuggling. It clarifies the statute of limitations for customs to recover underpaid or missed taxes and emphasizes the importance of compliant operation for businesses and individuals to mitigate tax risks. Aiming to help enterprises understand the regulations and avoid potential tax liabilities.

09/26/2025 Customs Knowledge
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Key Strategies for Customs Valuation in Global Trade

Key Strategies for Customs Valuation in Global Trade

Customs valuation checks are common risk points in international trade. Businesses need to prepare various documents in advance, including commercial invoices, purchase contracts, and marine insurance policies, to verify the authenticity of the declared value of goods and mitigate potential tariff expenditure risks. Through thorough preparation and efficient document management, companies can better navigate customs challenges and ensure compliant operations.

08/05/2025 Customs Knowledge
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WCO Enhances Ecuadors Customs Valuation for Revenue Growth

WCO Enhances Ecuadors Customs Valuation for Revenue Growth

The WCO provided online training on customs valuation to Ecuadorian Customs, enhancing their valuation capabilities, promoting trade compliance, and safeguarding revenue collection. This initiative aimed to improve the accuracy and efficiency of customs valuation processes within Ecuador, ensuring fair and transparent trade practices. By strengthening the skills of customs officers in valuation techniques, the WCO training contributes to a more robust and reliable customs system, ultimately benefiting both the government and legitimate traders.

01/05/2026 Customs Knowledge
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Pacific Islands Boost Customs Valuation with Expert Program

Pacific Islands Boost Customs Valuation with Expert Program

The World Customs Organization (WCO) and the Japan International Cooperation Agency (JICA) jointly launched the "Master Trainer Programme" to develop customs valuation experts in Pacific Island Countries. This initiative aims to establish a regional training system, enhance customs valuation capabilities, facilitate trade, increase revenue collection, and improve international competitiveness. The first working group activity has been successfully held, laying a solid foundation for future actions.

01/05/2026 Customs Knowledge
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Burkina Faso Boosts Customs Valuation with WCO Assistance

Burkina Faso Boosts Customs Valuation with WCO Assistance

The World Customs Organization (WCO) provided technical assistance to the Burkina Faso Customs Administration to support the restoration of its autonomous customs valuation function. The first phase assessment has been completed, with the expert team offering recommendations through diagnostic assessments and collaborative dialogue. These recommendations aim to strengthen risk management, implement post-clearance audits, and enhance the capabilities of valuation officers. The ultimate goal is to build an autonomous and efficient customs valuation system for Burkina Faso.

01/05/2026 Customs Knowledge
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Fast Fashion Giant Shein Faces Steep Valuation Drop

Fast Fashion Giant Shein Faces Steep Valuation Drop

Chinese cross-border e-commerce giant SHEIN's valuation has plummeted from $100 billion to $64 billion, causing shockwaves in the industry. This article analyzes the triple challenges SHEIN faces, including ESG scrutiny, copyright design issues, and low-price competition from Temu. It also explores the future development direction of SHEIN and the entire fast fashion industry, emphasizing the importance of transformation, upgrading, and embracing sustainable development. The article suggests that adapting to changing consumer demands and addressing ethical concerns are crucial for the long-term viability of SHEIN and similar companies.

01/06/2026 Logistics Industry Insights
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Global Customs Tackle Ecommerce Valuation for Smoother Trade

Global Customs Tackle Ecommerce Valuation for Smoother Trade

The World Customs Organization (WCO) held its second seminar on E-Commerce and Customs Valuation, focusing on the valuation challenges in cross-border e-commerce. The event brought together international organizations, customs administrations, and private sector representatives to discuss policies, procedures, and practices. The aim was to address the challenges posed by the dynamic nature of e-commerce trade, facilitate trade, and build a fair and efficient cross-border e-commerce ecosystem. The WCO is actively working to develop a more comprehensive e-commerce valuation system to promote the healthy development of cross-border e-commerce.

01/05/2026 Customs Knowledge
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WCO Analyzes Customs Valuation and Transfer Pricing Challenges

WCO Analyzes Customs Valuation and Transfer Pricing Challenges

WCO Case Study 14.2 examines the relationship between customs valuation and transfer pricing, based on a Chinese case. It emphasizes cooperation between customs and tax authorities to help enterprises avoid valuation risks and enhance regulatory capabilities. The study highlights the importance of coordinated efforts in addressing the challenges posed by the intersection of these two areas in international trade. This collaboration aims to ensure fair and accurate valuation practices, contributing to a more transparent and efficient global trading system.

01/05/2026 Customs Knowledge
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