This article analyzes the security surcharge in international logistics, introducing relevant cost items and standards in maritime, air, and express delivery. It aims to help readers better understand and address transportation costs and safety management, ensuring that goods arrive safely and smoothly.
At the Fourth United Nations Conference on Financing for Development, the World Customs Organization highlighted the pivotal role of customs as a bridge in international development. It promotes legitimate trade, safeguards public safety, and advances the achievement of sustainable development goals. The organization called for strengthened collaboration between governments and the private sector to address the challenges posed by globalization.
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.
In international logistics, the accuracy of vessel names is crucial. Recently, a freight forwarder found that while the vessel names in the service order and export information matched, there were discrepancies in the port of departure. Upon consultation, the agent advised that operations for customs declaration and port entry should use the correct vessel name to prevent issues in transportation and customs.
During the Belt and Road Forum for International Cooperation, experts discussed the significance of customs cooperation among participating countries. They proposed five key areas for improvement: deepening mechanism alignment, regulatory innovation, information sharing, trade security, and capacity building, to enhance customs' role in facilitating trade. Through collaboration, countries can better respond to emerging trade patterns and ensure global economic stability and prosperity.
The World Customs Organization (WCO) provided technical assistance to Bangladesh to support the full implementation of its AEO program. Through workshops and business exchanges, the capacity of Bangladeshi customs officials was enhanced, and recommendations were provided for improving the AEO program. This project aims to improve the security and efficiency of international trade in Bangladesh and promote its economic development.
The 59th session of the World Customs Organization's Harmonized System Committee released commodity classification decisions with significant implications for global trade rules. Import and export companies should closely monitor the revisions, understand their national customs implementation details, and consider utilizing professional organizations for commodity classification advance rulings to ensure trade compliance. This proactive approach minimizes potential risks and ensures smooth international trade operations.
This paper reviews the 50-year development of the WTO Customs Valuation Agreement, emphasizing its crucial role in maintaining fair trade and promoting international cooperation. It examines the agreement's impact on global trade practices and its contributions to reducing trade barriers. Furthermore, the paper looks forward to future development directions, considering emerging challenges and opportunities in the international trade landscape. It highlights the agreement's continued relevance in ensuring transparent and predictable customs valuation procedures, fostering trust among trading partners, and facilitating efficient cross-border trade flows.
The World Customs Organization (WCO) Passenger Facilitation and Control Working Group (PFCWG) 2nd Meeting focused on cruise best practices, global data standards, and secure travel. Discussions centered on draft data standards, emphasizing international cooperation and the application of technology to promote global traveler facilitation and control. The aim is to ensure safe, seamless, and sustainable international travel. The meeting highlighted the importance of collaboration among customs administrations to streamline processes and enhance security measures, ultimately contributing to a more efficient and secure global travel experience.
This paper examines the motivations, functions, and models of risk assessment centers established by customs administrations worldwide to address international trade security challenges. It analyzes how these centers aim to identify and mitigate potential threats within the global supply chain. The study explores different approaches to risk assessment, targeting strategies, and information sharing mechanisms employed by various customs agencies. Finally, the paper offers recommendations for enhancing the effectiveness of these centers, focusing on improved data analysis, collaboration, and resource allocation to better safeguard international trade.
