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
Read More
Importers Face Challenges With Bonded Goods Deferred Duties

Importers Face Challenges With Bonded Goods Deferred Duties

Bonded goods refer to imported commodities for which customs duties are temporarily not paid and are required to be stored in a bonded warehouse under customs supervision. This system provides enterprises with financial flexibility, simplifies trade processes, and ensures the safety of goods. During the bonded period, goods can also undergo simple processing, repackaging, and re-export trade, promoting international trade development. This allows businesses to defer duty payments until the goods are actually released into the domestic market, improving cash flow and competitiveness.

11/03/2025 Customs Knowledge
Read More
Peru Adopts Global Standards for Customs Valuation

Peru Adopts Global Standards for Customs Valuation

Supported by the SECO-WCO Global Trade Facilitation Programme, Peruvian Customs held a virtual forum focusing on customs valuation risk management. Participants exchanged experiences on database applications and discussed optimizing value verification procedures and public-private partnerships to combat valuation irregularities. Peruvian Customs plans to strengthen its value verification system and deepen collaboration with the private sector. The WCO will continue to provide support, enhancing transparency and predictability in cross-border trade. The forum highlighted the importance of efficient and fair customs valuation for trade facilitation.

12/30/2025 Customs Knowledge
Read More
North American Intermodal Traffic Rises Sharply in Q2 2025

North American Intermodal Traffic Rises Sharply in Q2 2025

North American intermodal volumes increased by 2.4% year-over-year in Q2 2025, marking consecutive growth. Domestic container shipping remained stable, while international container shipping performed strongly. Key drivers included retail trade, manufacturing PMI, and GDP growth. Future US-China trade relations and tariff policies pose uncertainties, requiring logistics companies to adapt flexibly. The continued growth highlights the resilience of the intermodal sector despite potential headwinds from geopolitical factors and evolving trade dynamics. Strategic planning and diversification will be crucial for navigating the changing freight landscape.

02/04/2026 Logistics
Read More
Colombia Customs Boosts Efficiency with Wcobacked KPI System

Colombia Customs Boosts Efficiency with Wcobacked KPI System

The WCO assisted Colombian Customs in enhancing its strategic performance. Through the GTFP project, DIAN optimized its KPI system and strengthened project management, contributing to trade facilitation. This initiative aimed to improve efficiency and effectiveness within the customs administration, ultimately supporting smoother and faster trade processes. The focus was on aligning strategic goals with operational performance, ensuring that customs activities effectively contribute to national trade objectives and economic growth. The project's success hinges on continuous monitoring and evaluation of the implemented KPIs and project management practices.

02/05/2026 Customs Knowledge
Read More
WCO Updates PICARD Standards to Modernize Customs Training

WCO Updates PICARD Standards to Modernize Customs Training

The World Customs Organization (WCO) is undertaking a comprehensive upgrade of the PICARD Professional Standards to adapt to the rapidly evolving global trade landscape. The revised standards will focus on public-private partnerships, customs-tax linkages, coordinated border management, and cover emerging trends such as security, trade facilitation, technological advancements, and project management. This upgrade aims to cultivate forward-thinking and practically skilled customs professionals, ultimately fostering global trade development. The updated standards will ensure customs administrations are equipped to meet future challenges and opportunities.

01/20/2026 Customs Knowledge
Read More
Colombia Adopts Mexican Expertise to Modernize Customs Risk Management

Colombia Adopts Mexican Expertise to Modernize Customs Risk Management

In May 2021, Mexico shared its customs risk management expertise with Colombia, aiming to help Colombia improve clearance efficiency and achieve more effective trade regulation. This customs cooperation initiative facilitated knowledge transfer and best practices, enabling Colombia to strengthen its risk assessment capabilities. By leveraging Mexico's experience, Colombia can enhance its ability to identify and mitigate potential risks associated with cross-border trade, ultimately leading to streamlined processes and improved security. The collaboration underscores the importance of international cooperation in fostering secure and efficient global trade.

01/26/2026 Customs Knowledge
Read More
DP World Invests 75M in Southampton Port Crane Upgrade

DP World Invests 75M in Southampton Port Crane Upgrade

DP World is investing $75 million to upgrade its Southampton container terminal, introducing four of Europe's largest quayside cranes. These cranes, boasting a quad lift capability, will significantly enhance loading and unloading efficiency. This upgrade will solidify the Port of Southampton's position as a vital UK trade hub and enable it to provide more efficient services for global trade.

11/03/2025 Logistics
Read More
Seattle Port Overview and Importance of International Freight Rate Inquiry

Seattle Port Overview and Importance of International Freight Rate Inquiry

The Port of Seattle is a crucial hub for international trade, with its infrastructure and operational efficiency significantly affecting shipping. The port's monitoring systems ensure smooth operations, while Terminal 91 offers various water transportation services. Therefore, inquiring about shipping fees is essential for businesses to obtain suitable quotes, which in turn promotes the growth of international trade.

07/18/2025 Port Encyclopedia
Read More