WCO Promotes Green Customs for Sustainable Trade

WCO Promotes Green Customs for Sustainable Trade

The WCO's 'Global Green Customs Conference' brought together experts in trade, customs, and environment to discuss border environmental protection. The conference focused on topics such as the circular economy, waste trade, timber trade, and HS code classification, emphasizing the crucial role and responsibility of customs in promoting green trade, combating illegal trade, and building a sustainable future. The conference aimed to strengthen international cooperation, raise public awareness, and collectively address global environmental challenges.

12/30/2025 Customs Knowledge
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WTO Pact Gains Global Support to Boost Trade in Developing Nations

WTO Pact Gains Global Support to Boost Trade in Developing Nations

To help developing countries fully leverage the potential of the WTO's Trade Facilitation Agreement (TFA), multiple international organizations and development partners reaffirmed their commitment to providing comprehensive and coordinated support. This includes technical assistance, capacity building, and financial support aimed at streamlining trade procedures, reducing trade costs, and improving trade efficiency. The ultimate goal is to promote fairness and prosperity in the global economy by enabling smoother and more accessible trade processes for all nations.

12/30/2025 Customs Knowledge
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VAT Promotes Fair Trade in Global Commerce

VAT Promotes Fair Trade in Global Commerce

This article explores how Value Added Tax (VAT) serves as a facilitator of fair competition in international trade, distinguishing it from tariffs. VAT achieves tax neutrality through a multi-stage payment mechanism, providing equal opportunities for all businesses, ensuring that goods are taxed in the consuming country rather than the producing country, thereby promoting growth in international trade.

08/05/2025 Customs Knowledge
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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
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WCO Advocates Gender Equality in Global Trade

WCO Advocates Gender Equality in Global Trade

The World Customs Organization (WCO) hosted the 'Brussels Women in Trade Network' conference, aiming to enhance women's participation in global trade. The WCO emphasized promoting gender equality and plans to research related challenges. The EU Trade Commissioner shared experiences from TTIP negotiations, encouraging women to pay attention to trade policy developments. The conference fostered cooperation between the WCO and the EU, jointly promoting the facilitation and sustainable development of global trade. The event highlighted the importance of empowering women within the international trade landscape.

01/05/2026 Customs Knowledge
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WTO and WCO Sign Pact to Enhance Trade Security Facilitation

WTO and WCO Sign Pact to Enhance Trade Security Facilitation

The World Customs Organization and the World Trade Organization signed a Memorandum of Understanding to strengthen cooperation on customs-related matters and enhance global trade efficiency and security. The two organizations will collaborate on technical assistance, information sharing, and combating illicit trade, with a focus on the implementation of the Trade Facilitation Agreement and the application of coordination mechanisms. This partnership aims to address global trade challenges and promote sustainable development by fostering streamlined customs procedures and improved international collaboration in trade-related areas.

01/05/2026 Customs Knowledge
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Packing Lists Cut Disputes in Global Trade

Packing Lists Cut Disputes in Global Trade

The Packing List (PL) is crucial in international trade as it influences customs clearance, customer satisfaction, and insurance claims, serving as a 'secret weapon' to avoid foreign trade disputes. This article explores the definition, function, and ways to enhance management practices of packing lists to assist foreign trade companies in operating efficiently.

09/16/2025 Logistics Encyclopedia
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Guide to DDU Bills of Lading and Freight Forwarding Explained

Guide to DDU Bills of Lading and Freight Forwarding Explained

This article provides a detailed interpretation of common terms and operational procedures in international trade, including the responsibilities under DDU, the difference between prepaid and collect sea waybills, identification of genuine containers, key considerations for LCL cargo, types of freight forwarders, and the importance of cargo tracking. It aims to offer practical guidance for professionals engaged in international trade. The focus is on providing clear explanations and actionable insights to improve understanding and efficiency in daily operations within the global trade landscape.

08/21/2025 Logistics Encyclopedia
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