UPS's Q3 revenue decreased by 3.7% year-over-year, primarily due to lower shipping volumes, although pricing strategies partially offset the losses. The international segment performed strongly, with revenue increasing by 5.9% year-over-year. The company is actively pursuing network redesign and adjusting its cooperation model with Amazon. UPS anticipates Q4 revenue of approximately $24 billion and an operating margin of 11%-11.5%.
Uzbekistan and Maldives Customs held a virtual workshop where Uzbekistan learned from the Maldives' experience in post-clearance audit to enhance its own capabilities. The workshop facilitated knowledge sharing and best practices in customs procedures, specifically focusing on improving the effectiveness and efficiency of post-clearance audit processes. This collaboration highlights the importance of international customs cooperation in strengthening national customs administrations and promoting trade facilitation.
The 19th Heads of Asia Pacific WCO Regional Training Centers (RTCs) Meeting explored the role of remote training in customs capacity building during the pandemic. RTCs shared experiences, challenges, and innovative initiatives, emphasizing strengthened cooperation. They highlighted the use of data analytics and VR technologies to promote personalized and practical training. This aims to address the complex international trade environment and enhance regional customs capabilities.
The Export-Import Bank of China supports Mediterranean Shipping Company's procurement of Chinese shipping containers through export buyer's credit, deepening their cooperation. The bank's innovative "China Model" ship financing solution provides financial services for foreign shipowners ordering Chinese ships, promoting the export of high value-added containers and upgrading the shipping industry chain. This enhances the international competitiveness of Chinese manufacturing by facilitating the export of ships and containers.
The World Customs Organization (WCO) recommends that its member customs administrations transmit trade data based on the Harmonized System (HS) to the United Nations Statistics Division (UNSD). This aims to promote the standardization and interoperability of global trade data. This initiative is significant for improving data quality, strengthening international cooperation, promoting trade facilitation, and fostering sustainable development. Ultimately, it contributes to building a new landscape for global trade data sharing.
Cuba is actively promoting the AEO program to enhance trade facilitation and security. The World Customs Organization (WCO) provides crucial support, conducting workshops to improve Cuban Customs' capacity in AEO certification and mutual recognition arrangements. Cuba plans to fully implement the AEO program by the end of 2019 and actively seeks mutual recognition agreements with other countries. This will significantly improve Cuba's trade competitiveness and promote international trade cooperation.
The 3rd WCO Knowledge Academy successfully took place in Brussels, gathering 155 customs and trade professionals from 50 countries. The two-week intensive training covered traditional customs topics, trade facilitation, security frameworks, and featured a special “Women in Leadership” workshop. The WCO Secretary General personally presented certificates, recognizing the participants' achievements. The Knowledge Academy promoted international exchange and cooperation in the field of customs and trade, contributing to global trade development.
In 2010, the Philippines and Kenya acceded to the Revised Kyoto Convention, signifying their commitment to simplifying customs procedures and promoting international trade facilitation. The Convention aims to enhance trade efficiency, reduce costs, and foster global economic growth through streamlined processes, the application of information technology, risk management, and strengthened cooperation. The promotion and effective implementation of the Convention are crucial for building a more open and interconnected global trading system.
In 2008, the World Customs Organization conducted a diagnostic assessment of Colombia's intention to implement the SAFE Framework. The assessment revealed that Colombian Customs had undergone initial modernization but still had gaps compared to SAFE Framework requirements. The expert team recommended developing a detailed implementation plan, strengthening personnel training and IT investment, and enhancing international cooperation and private sector partnerships to comprehensively improve customs efficiency and trade security.
WCO collaborated with Colombia's DIAN to enhance its customs audit capabilities through the GTFP. The WCO provided support to optimize PCA strategies and SOPs, fostering trade facilitation and economic growth. This partnership aims to improve efficiency and effectiveness in customs procedures, ultimately contributing to a more streamlined and competitive trade environment for Colombia. The collaboration highlights the importance of international cooperation in strengthening customs administrations and promoting global trade.
