international trade terms News

WCO Issues Rail Customs Guidelines to Boost Global Trade

The World Customs Organization (WCO)'s 'Guidelines on Rail Transit' aims to simplify and standardize customs procedures for rail transport, encouraging technology application and international cooperation. This enhances cross-border trade efficiency, reduces costs, and promotes global economic prosperity. The guidelines, structured around four key objectives and supporting capacity building projects, provide a roadmap for customs facilitation in global rail transport. It offers practical guidance and best practices to streamline processes and improve security, contributing to a more efficient and reliable international trade network.

12/30/2025 Customs Knowledge

Customs Agencies Adopt Riskbased Targeting for Trade Security

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.

12/30/2025 Customs Knowledge

WHO WCO Boost Data Tracking to Curb Illicit Tobacco Trade

In 2009, the WCO and WHO met to collaborate on the Protocol to Eliminate Illicit Trade in Tobacco Products, focusing on a global tracking system, international cooperation, and capacity building. The WCO pledged support for the Protocol's implementation and encouraged member participation. This analysis delves into the challenges and opportunities in combating illicit tobacco trade from a data perspective. It emphasizes the importance of data collection, risk assessment, intelligence analysis, and technological innovation. The article calls for a concerted international effort to address this global issue.

12/30/2025 Customs Knowledge

Jordan Customs Adopts WCO Audit System to Boost Trade Compliance

The World Customs Organization (WCO) conducted a diagnostic assessment of Jordan Customs' Post Clearance Audit (PCA) system to help Jordan establish an efficient and compliant trade system aligned with international standards. The assessment covered areas such as risk management, information technology, and personnel training, and provided recommendations for improvement. This report will serve as a crucial reference for Jordan Customs in modernizing its PCA system and enhancing its international competitiveness. It aims to support Jordan in achieving trade facilitation goals through improved customs procedures and compliance.

01/07/2026 Customs Knowledge

Air Waybill Guide Aids Global Trade Risk Management

The Air Waybill (AWB) is a crucial document in international air freight, serving multiple functions: proof of contract of carriage, receipt of goods, basis for freight settlement, customs and inspection document, delivery receipt, and insurance-related evidence. A thorough understanding of AWBs is essential for safeguarding trade interests, mitigating transportation risks, and improving operational efficiency. It's a key tool for navigating the complexities of international air transport and ensuring smooth transactions. Properly managing and understanding the AWB can significantly reduce potential trade-related issues.