In the first half of 2025, Guangzhou's bonded logistics import and export volume reached 56.65 billion yuan, a year-on-year increase of 29.9%. Growth was driven by sectors such as international consolidation and distribution. The city's commerce bureau aims to facilitate trade by innovating policies and promoting new foreign trade models, supporting Guangzhou's development as a 'trade power city'.
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 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.
The World Customs Organization has released new commodity classification rules covering a variety of goods. This aims to improve classification accuracy and facilitate trade. Businesses should proactively study and understand these new regulations to ensure compliance and avoid potential trade disruptions. Understanding the updated guidelines is crucial for accurate declarations and smooth customs clearance processes, ultimately benefiting international trade operations.
FOB Business Forum is an online platform designed for global trade practitioners, offering information sharing, experience exchange, resource matching, and training. It's not just a learning platform but also a social platform, helping foreign trade professionals improve their skills, expand their network, and promote global trade development. It facilitates collaboration and provides valuable resources for navigating the complexities of international commerce.
The World Customs Organization (WCO), through its Mercator Programme, supports Bosnia and Herzegovina in implementing trade facilitation measures. This includes organizing workshops to raise awareness, identify priorities, and assist in the establishment of a National Trade Facilitation Committee. This initiative aims to accelerate Bosnia and Herzegovina's accession to the World Trade Organization (WTO) and promote its economic growth and international competitiveness.
The ATA Carnet is an international customs document that allows tax-free temporary import and export in over 80 countries. By simplifying customs procedures, it helps businesses reduce costs and improve efficiency in international trade.
The SWIFT/BIC code for the ROYAL BANK OF CANADA is ROYCCAT2CIC, located in the International Trade Centre in Calgary. Knowing the correct code is essential for ensuring the safety and efficiency of international transfers.
The Bank of South Sudan provides the SWIFT/BIC code BSSDSSJBXXX to ensure the security and efficiency of international remittances. It is recommended to confirm the accuracy of the code, account number, and name of the recipient before making a transfer to avoid delays or issues. The Bank of South Sudan typically offers better exchange rates and fees compared to other banks, ensuring efficient and cost-effective fund transfers.
This article provides a detailed explanation of China Merchants Bank's SWIFT code, CMBCCNBS051, covering its structure, purpose, and usage precautions. It guides readers on how to correctly conduct cross-border remittances, avoid common errors, and offers practical advice on finding branch SWIFT codes, required information, fees, and choosing appropriate remittance methods. The guide aims to simplify the process of international transfers using China Merchants Bank and ensure accurate and efficient transactions.
