WCO Aids Liberia in Boosting Customs Revenue

WCO Aids Liberia in Boosting Customs Revenue

At the request of the Liberia Revenue Authority, the World Customs Organization sent an expert mission to Liberia to strengthen its customs valuation and classification infrastructure. Through assessments, workshops, and recommendations, the mission assisted Liberia in implementing relevant World Trade Organization agreements and developing a strategy to terminate private sector inspection contracts. The goal was to enhance revenue collection, promote trade facilitation, and foster economic development within the country. The mission's work focused on building sustainable capacity and ensuring compliance with international standards.

01/07/2026 Customs Knowledge
Read More
Oman Customs Adopts WCO SAFE Framework to Boost Trade Security

Oman Customs Adopts WCO SAFE Framework to Boost Trade Security

In 2015, the World Customs Organization (WCO) assisted Oman Customs in implementing the SAFE Framework and AEO program. Through workshops, Oman Customs officials gained a deeper understanding of supply chain security, customs-business partnerships, and the AEO implementation process, leading to the development of action plans. This initiative aims to enhance Oman's trade security and facilitation, strengthen its international competitiveness, and promote economic development. The implementation of SAFE and AEO will contribute to a more secure and efficient trade environment for Oman.

01/07/2026 Customs Knowledge
Read More
Trade Deals Cut Sourcing Costs for Global Manufacturers

Trade Deals Cut Sourcing Costs for Global Manufacturers

Multinational manufacturers can significantly reduce global procurement costs by effectively leveraging trade agreements. This paper proposes five best practices: in-depth understanding of regulations, building a regulatory database, optimizing supply chain connectivity, utilizing advanced technology, and continuous improvement. By implementing these practices, companies can lower tariff expenses and enhance their competitiveness in the global market. Focusing on these key areas enables businesses to maximize the benefits offered by trade agreements and achieve substantial cost savings in their international sourcing operations.

01/16/2026 Customs Knowledge
Read More
Union Pacific Enhances Crossborder Trade Under USMCA

Union Pacific Enhances Crossborder Trade Under USMCA

Union Pacific Railroad has significantly reduced transit times for its cross-border intermodal service with Canadian National and Grupo México Transportes through operational improvements, particularly on the Eagle Pass to Chicago route. This initiative aims to enhance North American trade efficiency, address market competition, and capitalize on nearshoring opportunities, solidifying its market position. The optimized operations are expected to provide faster and more reliable service for customers, strengthening Union Pacific's role in facilitating seamless international trade flows within North America.

01/16/2026 Logistics
Read More
Chinas Port Growth Signals Global Trade Rebound

Chinas Port Growth Signals Global Trade Rebound

China's port container throughput surged by 10% year-on-year in Q1 2024, with Shanghai port leading the way. The China-Europe Railway Express and China-Russia railway freight volume also experienced significant growth, reflecting a global trade recovery. Regional imbalances in port development and potential influencing factors warrant attention. This growth highlights the increasing importance of China's ports in facilitating international trade and the effectiveness of initiatives like the China-Europe Railway Express in connecting China with global markets.

01/16/2026 Logistics
Read More
Chinaus Trade Deal Offers Opportunities for Export Firms in Kuala Lumpur

Chinaus Trade Deal Offers Opportunities for Export Firms in Kuala Lumpur

The 2025 Sino-US Kuala Lumpur Agreement brings benefits to the exhibition trade industry, including tariff reductions and relaxed technology restrictions. Companies should seize this opportunity to adjust product strategies and actively participate in professional exhibitions in Europe and the United States. At the same time, they should pay attention to potential risks and formulate countermeasures to enhance competitiveness. This agreement presents a significant policy opportunity for businesses involved in exhibition trade and offers potential for increased growth and expansion in international markets.

10/28/2025 Logistics Industry Insights
Read More
Manzanillo Mexicos Pacific Trade Hub and Coastal Gem

Manzanillo Mexicos Pacific Trade Hub and Coastal Gem

Manzanillo is a significant Mexican port and trade hub, boasting a diverse economy and pleasant climate. Its strategic location makes it a crucial gateway for international commerce, particularly within Latin America. The port facilitates the movement of goods, contributing substantially to Mexico's economic growth and playing a vital role in global supply chains. Its importance extends beyond national borders, impacting regional trade dynamics and solidifying Mexico's position in the global marketplace. Manzanillo's continued development is essential for sustained economic prosperity.

01/19/2026 Port Encyclopedia
Read More
Flexport Raises 11B to Expand Global Supply Chain Tech

Flexport Raises 11B to Expand Global Supply Chain Tech

Flexport secured $110 million in Series C funding led by DST Global, with participation from existing investors. The company aims to connect the global supply chain through technological innovation, offering increased transparency, more accurate data, and superior service. Flexport envisions building a seamless global trade ecosystem and is actively addressing competition from players like Amazon. Investors are confident in Flexport's future growth potential, driven by its technology-focused approach to streamlining international logistics and providing better visibility into the complexities of global trade.

01/20/2026 Logistics
Read More
Moldova Boosts Trade Facilitation with SECOWCO Customs Reform

Moldova Boosts Trade Facilitation with SECOWCO Customs Reform

Moldova hosted a SECO-WCO trade facilitation project workshop, focusing on enhancing customs strategic alignment and performance evaluation. The workshop aimed to contribute to customs modernization by improving efficiency and effectiveness. Participants discussed best practices and strategies for streamlining customs procedures and measuring performance. This initiative underscores the importance of international cooperation in promoting trade facilitation and supporting customs authorities in their modernization efforts. The workshop provided a platform for knowledge sharing and capacity building, ultimately contributing to Moldova's economic development.

01/22/2026 Customs Knowledge
Read More
WCO Enhances Cargo Targeting to Strengthen Trade Security

WCO Enhances Cargo Targeting to Strengthen Trade Security

The World Customs Organization (WCO)'s Cargo Targeting System (CTS) has undergone a significant upgrade, featuring enhancements in user interface, air cargo targeting capabilities, global deployment, and security. The WCO CTS, through risk assessment, helps customs administrations improve efficiency, ensure trade security, and promote trade facilitation, while adhering to international standards. Successfully implemented in numerous countries, the CTS will continue to strengthen technological innovation, data sharing, and global coverage. This upgrade aims to further optimize customs procedures and enhance overall supply chain security.

01/22/2026 Customs Knowledge
Read More