The Lesotho Revenue Authority (LRA) is strengthening its collaboration with the World Customs Organization (WCO) to enhance trade facilitation through capacity building. A WCO expert team provided tailored training in Lesotho, assisting the LRA in optimizing customs clearance processes, reducing trade costs, and enhancing international competitiveness. This initiative aims to inject new vitality into Lesotho's economic development.
This paper delves into the investment incentives of airports under price regulation, analyzing the potential risks of over-investment and under-investment. Through case studies of London, Manchester, and Irish airports, it reveals that price cap regulation may not effectively curb the over-investment tendencies of public sector airports. The article also explores the role of regulatory agencies and suggests optimizing regulatory strategies by strengthening consultation with airlines. The study highlights the importance of a balanced regulatory approach to ensure efficient airport investment and prevent distortions caused by price controls.
The ATA carnet offers multiple customs facilitation benefits in international trade by simplifying the declaration process and reducing costs and risks. Holders can avoid filling out domestic customs documents, evade high foreign exchange carry limits, and utilize it multiple times within its validity period. Its wide applicability enhances customs flexibility, providing significant convenience for individuals engaging in various international activities.
The World Customs Organization (WCO), through its Global Trade Facilitation Programme (GTFP), conducted a risk management workshop for Serbian Customs. The aim was to enhance their risk management capabilities, establish a robust risk management system, and improve their risk registry. This initiative will help Serbian Customs improve inspection efficiency, increase transparency, and ultimately facilitate trade, contributing to the country's economic development.
Serbian Customs, in collaboration with the World Customs Organization, launched a National Clearance Time Study project. This initiative aims to optimize customs procedures through data analysis, enhancing trade efficiency and the business environment. The project, involving workshops and roadmap planning, identifies challenges, develops improvement measures, and promotes stakeholder engagement. The ultimate goal is to achieve trade facilitation and drive economic growth in Serbia.
The World Customs Organization (WCO) collaborates with GS1 to build a more secure, efficient, and transparent global trade ecosystem through data-driven solutions. Their cooperation spans data standardization, risk management, and technological innovation, addressing global trade challenges and enhancing trade facilitation. This partnership aims to contribute to global economic prosperity by promoting streamlined processes and improved security measures within international trade.
The 2010 WCO European Regional Heads of Customs Conference, held in Macedonia, focused on key issues such as trade security and facilitation, globally networked customs, and risk management. The conference reviewed WCO's work, discussed challenges faced by customs administrations, and promoted the exchange of experiences through case studies. The aim was to improve customs management and promote international trade development.
Guatemalan Customs, with the support of the World Customs Organization, held a leadership and management development workshop. The aim was to enhance self-awareness, personnel management, and change innovation capabilities among senior officials, thereby promoting customs modernization. This event is part of a global trade facilitation project, highlighting the importance of international cooperation in building customs capacity in developing countries.
The World Customs Organization (WCO) works closely with the World Trade Organization (WTO) to promote the implementation of the Trade Facilitation Agreement (TFA). The WCO supports customs administrations in enhancing efficiency and transparency through capacity building, standard setting, information sharing, tool development, and advocacy. These efforts aim to simplify customs procedures, reduce trade costs, and ultimately contribute to the prosperity of global trade.
The WCO assisted Bahrain in enhancing its Post-Clearance Audit (PCA) and Pre-Arrival Processing (PAP) capabilities to align with the WTO Trade Facilitation Agreement. Bahrain committed to applying the acquired knowledge and skills. The WCO will continue to support Bahrain's customs modernization efforts. This assistance aims to improve efficiency and effectiveness in customs procedures, ultimately facilitating trade and economic growth for Bahrain.
