WCO Standards Accelerate Global Trade Digitalization

WCO Standards Accelerate Global Trade Digitalization

The Secretary General of the World Customs Organization (WCO) highlighted the crucial role of data and technology in driving the global digital transformation of trade at the ICC Future Trade Forum, introducing relevant WCO initiatives. He advocated for the adoption of the WCO Data Model to promote interoperability of trade standards and explored collaboration opportunities with Singapore Customs, the International Chamber of Commerce, and APEC. The aim is to enhance trade efficiency, security, and inclusivity through standardized data and technological advancements in customs procedures and international trade.

01/05/2026 Customs Knowledge
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WCO Aims to Streamline Global Trade Processes

WCO Aims to Streamline Global Trade Processes

The World Customs Organization (WCO) actively participated in the 2023 World Economic Forum, emphasizing the importance of enhancing global trade efficiency through eliminating bureaucratic obstacles, embracing technological innovation, and strengthening international cooperation. WCO Secretary General Dr. Kunio Mikuriya met with various leaders to discuss the role of customs in promoting trade facilitation, aiming to reduce trade costs, promote cross-border investment, and ultimately benefit global consumers. The WCO advocates for streamlined customs procedures and collaborative efforts to foster a more efficient and inclusive global trading system.

01/05/2026 Customs Knowledge
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Global AEO Program Enhances Secure Efficient Trade

Global AEO Program Enhances Secure Efficient Trade

This paper provides an in-depth analysis of the World Customs Organization's (WCO) SAFE Framework of Standards, focusing on the concept, objectives, and significance of the Authorized Economic Operator (AEO) program. It outlines the global development of AEO programs, emphasizing the importance of customs compliance programs and Mutual Recognition Arrangements/Agreements (MRAs). The paper also explores future trends in AEO programs. The aim is to offer readers a comprehensive understanding of the AEO initiative and its implications for international trade security and customs compliance.

01/19/2026 Customs Knowledge
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Cape Verde WCO Launch Trade Efficiency Study

Cape Verde WCO Launch Trade Efficiency Study

With support from the WCO-WACAM project, Cape Verde Customs is preparing its first Time Release Study (TRS) to identify bottlenecks, optimize customs procedures, and enhance trade competitiveness. Through WCO expert workshops and public-private partnership action plans, Cape Verde aims to fulfill the Trade Facilitation Agreement, establishing an efficient and transparent customs system to promote economic development. The TRS will provide valuable data for informed decision-making and targeted reforms, ultimately streamlining the flow of goods and boosting Cape Verde's participation in global trade.

01/20/2026 Customs Knowledge
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Nicaragua Launches AEO Trade Security Pilot with NORAD Support

Nicaragua Launches AEO Trade Security Pilot with NORAD Support

With support from the Norwegian Agency for Development Cooperation (NORAD) and the World Customs Organization (WCO), Nicaraguan Customs launched an Authorized Economic Operator (AEO) pilot program. This initiative aims to optimize customs procedures and enhance trade security and efficiency through capacity building and Time Release Study (TRS). The program seeks to streamline the flow of goods, reduce release times, and contribute to Nicaragua's economic development by fostering a more secure and efficient trading environment. Ultimately, the AEO program is expected to boost international trade and investment.

01/20/2026 Customs Knowledge
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US East Coast Ports Restrict Railtotruck Freight Amid Congestion

US East Coast Ports Restrict Railtotruck Freight Amid Congestion

To address the surge in import volumes at the US East Coast ports of Newark and Philadelphia and prevent potential congestion, cross-border freight has temporarily restricted rail-to-truck transport until week 28. Confirmed truck orders are unaffected, and exceptions can be requested for overweight containers. This measure aims to ensure supply chain stability and improve overall transportation efficiency. Freight companies are advised to plan ahead and monitor port updates. The restriction is intended to mitigate bottlenecks caused by the increased import traffic and maintain smooth cargo flow.

09/26/2025 Logistics
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Dongguans Foreign Trade Jumps in Early 2025

Dongguans Foreign Trade Jumps in Early 2025

In the first two months of 2025, Dongguan's total foreign trade import and export value increased by 21.7% year-on-year, reaching 228.38 billion yuan. Import and export to ASEAN saw significant growth. Private enterprises were the main driving force behind the increase, with general trade accounting for more than half. Exports of high-tech products led the way, while traditional industries also maintained growth. This strong start for Dongguan's foreign trade is driven by both internal and external factors, indicating a positive trend in economic transformation and upgrading.

11/03/2025 Logistics Industry Insights
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Global Trade Deficit Grows in North America and Europe

Global Trade Deficit Grows in North America and Europe

Hackett Associates' "Global Trade Pulse" report reveals a widening import-export gap in North America and Europe, reflecting a growing global trade imbalance. The report analyzes import and export data, influencing factors, and potential risks. It proposes strategies to address the trade imbalance, emphasizing the importance of international cooperation and policy adjustments. The widening gap highlights the need for proactive measures to mitigate potential economic consequences and foster a more balanced and sustainable global trading system. The report serves as a crucial resource for policymakers and businesses navigating the complexities of international trade.

01/15/2026 Logistics Industry Insights
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