New Customs Rules Affect Licensing Fees Royalties

New Customs Rules Affect Licensing Fees Royalties

The World Customs Organization (WCO) has released new Advisory Opinion 4.19 on customs valuation, addressing the complex valuation issues related to royalties and license fees under Article 8.1(c) of the Customs Valuation Agreement. This opinion clarifies the valuation principles for single royalties encompassing both patents and trademarks. It assists businesses in accurately calculating import costs, reducing valuation disputes, and promoting the healthy development of international trade. This guidance aims to provide clarity and consistency in the application of customs valuation rules related to intellectual property rights.

WCO Boosts Supply Chain Resilience in Americas Caribbean

WCO Boosts Supply Chain Resilience in Americas Caribbean

The World Customs Organization (WCO) Americas and Caribbean region celebrated International Customs Day, emphasizing the theme of "Recovery, Renewal, Resilience." The focus was on technology empowerment, international cooperation, green development, and a people-centered approach. The aim is to reshape sustainable global supply chains, contributing to global trade security and economic prosperity. The celebration highlighted the importance of customs administrations in building resilient and adaptable systems to face future challenges and support global recovery efforts.

Asiapacific Adopts Standardized Ecommerce Customs Rules

Asiapacific Adopts Standardized Ecommerce Customs Rules

The WCO Asia-Pacific E-commerce Symposium focuses on 15 core standards for cross-border e-commerce, aiming to promote regional e-commerce standardization, ensure smooth trade flows, and boost economic recovery. The symposium highlights the importance of harmonized customs procedures and data standards to facilitate efficient and secure cross-border transactions within the Asia-Pacific region. By adopting these standards, countries can reduce trade barriers, enhance transparency, and foster greater trust among trading partners, ultimately contributing to sustainable economic growth and development in the region.

East Africa Enhances Customs Audits Via WCOJICA Training

East Africa Enhances Customs Audits Via WCOJICA Training

The MTP project, a joint initiative between the World Customs Organization (WCO) and the Japan International Cooperation Agency (JICA), has successfully developed a team of customs audit trainers and created regional training materials in East Africa. This initiative has significantly enhanced the region's customs audit capabilities, contributing to trade facilitation and regional economic development. The project's impact lies in its focus on building local expertise and providing tailored resources to address specific challenges within the East African context.

Philippines Customs Boosts IP Protection Via WCO Training

Philippines Customs Boosts IP Protection Via WCO Training

The World Customs Organization (WCO) held an online workshop for the Bureau of Customs of the Philippines, aiming to enhance its capacity to combat counterfeiting and piracy, and address intellectual property protection challenges during the pandemic. The workshop covered customs' responsibilities under the pandemic, WCO tools and instruments, and rights holders' involvement. This initiative seeks to improve the Philippines Customs' ability to protect intellectual property rights, maintain social security, and safeguard the economic order. The focus was on practical strategies and collaborative approaches to effectively combat IP violations.

WCO Aids Gambia Customs in Enhancing Training Expertise

WCO Aids Gambia Customs in Enhancing Training Expertise

The World Customs Organization's MADAO project is assisting the Gambia Revenue Authority in developing a team of expert trainers. Through a 'Training of Trainers' workshop, the project enhances the capabilities of customs personnel, promoting trade facilitation and efficient tax collection. This initiative lays the foundation for customs capacity building in Gambia. Future evaluations will continuously assess the training's impact and contribute to the modernization of customs administration.

Mexico Hong Kong Expand Trade with AEO Program Recognition

Mexico Hong Kong Expand Trade with AEO Program Recognition

Mexico and Hong Kong have signed an Action Plan for Mutual Recognition of Authorized Economic Operators (AEOs), aiming to streamline cross-border trade processes, improve customs clearance efficiency, and reduce business risks. Through OEA certification, companies can enjoy benefits such as priority customs clearance and reduced inspection rates, enhancing their global competitiveness. This initiative sets an example for other countries, promoting global trade facilitation. The agreement is expected to foster stronger economic ties and create new opportunities for businesses in both regions.

Liberia Pilot Project Enhances Trade with Datadriven Customs

Liberia Pilot Project Enhances Trade with Datadriven Customs

An evaluation of Liberia's tariff pilot program reveals that the data-driven ASYPM system significantly improved decision-making, transparency, and tax revenue efficiency. The program's success highlights the potential of data-driven approaches to enhance customs operations and improve revenue collection in developing countries. By leveraging data analytics and performance monitoring, the system facilitated better resource allocation and reduced opportunities for corruption, ultimately leading to a more effective and accountable customs administration.

WCO Enhances Africa Trade Via Kenya Training Hub

WCO Enhances Africa Trade Via Kenya Training Hub

The World Customs Organization supports the Kenya Regional Training Centre in enhancing customs capacity in East and Southern Africa. This initiative aims to strengthen customs administrations through training and development programs, ultimately contributing to improved trade facilitation, revenue collection, and border security. By fostering regional cooperation and harmonization of customs procedures, the project promotes economic growth and development within the region. The WCO's support is crucial for building sustainable customs capacity and ensuring effective implementation of international standards.

WCO Introduces Certification for Postclearance Audits in Francophone Africa

WCO Introduces Certification for Postclearance Audits in Francophone Africa

The World Customs Organization (WCO) launched a French-speaking Customs Post Clearance Audit (PCA) Technical and Operational Advisor Certification Program to develop a highly qualified team of experts and enhance PCA capabilities in French-speaking regions. The inaugural seminar was successfully held at WCO headquarters. Through rigorous selection and a combination of theoretical and practical training, this program lays the foundation for customs capacity building in the French-speaking area. The initiative aims to strengthen post-clearance controls and improve overall customs efficiency within the region.