Cte Divoire Boosts Tariff Control with WCO Customs Modernization

Cte Divoire Boosts Tariff Control with WCO Customs Modernization

The World Customs Organization (WCO) conducted a diagnostic mission to the Ivorian General Directorate of Customs (DGD) to strengthen its tariff classification and valuation control capabilities. During the mission, WCO experts engaged in in-depth discussions with Ivorian customs officials and conducted on-site visits to observe customs operations. The expert team provided targeted recommendations to help Ivorian Customs improve regulatory effectiveness and safeguard national economic development. The aim is to enhance customs procedures and ensure efficient trade facilitation within Côte d'Ivoire.

WCO JICA Boost Customs Training in Pacific Region

WCO JICA Boost Customs Training in Pacific Region

The WCO and JICA's Master Trainer Programme is being implemented in Pacific Island Countries to cultivate customs valuation and HS coding experts. This initiative aims to enhance customs capacity, ultimately facilitating trade development within the region. The program focuses on building sustainable expertise within the local customs administrations, enabling them to effectively implement international standards and best practices. By strengthening customs operations, the programme contributes to improved revenue collection, border security, and overall economic growth in the Pacific Island nations.

Industrial Real Estate Thrives Despite Economic Volatility

Industrial Real Estate Thrives Despite Economic Volatility

Cushman & Wakefield's report indicates a robust US industrial real estate market in Q2, driven by logistics demand and a preference for high-quality assets. Despite pressures in the Western region, the overall leasing market remained stable with a gradual increase, accompanied by a slowdown in supply. Experts believe that tariff easing and rental adjustments are boosting market confidence. The market is expected to continue adjusting in the future, presenting both opportunities and challenges. The report highlights the resilience of the sector and its ability to adapt to evolving economic conditions.

Midwest Gains As Ecommerce Spurs Logistics Real Estate Shift

Midwest Gains As Ecommerce Spurs Logistics Real Estate Shift

A JLL report reveals high last-mile e-commerce delivery costs are driving logistics real estate towards secondary markets in the US Midwest. Cities like Indianapolis are experiencing a surge in e-commerce leasing activity. Rising labor costs, omnichannel integration, and strategic realignments are key factors. Logistics real estate needs to optimize inventory, adopt automation, and strengthen partnerships to address challenges and seize opportunities. This shift reflects a broader trend of decentralization and a focus on efficiency in the face of evolving consumer demands and supply chain complexities.

Industrial Property Vacancies Hit Record Low As Rents Surge JLL

Industrial Property Vacancies Hit Record Low As Rents Surge JLL

JLL reports that the US industrial real estate market hit a record low vacancy rate of 4.8% in Q2, with rents soaring to $6.62 per square foot, a 5.1% year-over-year increase. The logistics and distribution sector led leasing activity, accounting for 24.9% of total leased space in the first half of the year. Despite active construction projects, net absorption exceeded deliveries, potentially leading to a supply shortage in the long term. Businesses need to carefully select industrial space, and landlords should pay close attention to market changes.

Customs Duty Reassessment Rules and Compliance Strategies Explained

Customs Duty Reassessment Rules and Compliance Strategies Explained

This article provides a detailed interpretation of the scope and time limits for supplementary duty payments, including underpaid or missed duties due to classification or valuation errors after goods release, domestic sales transfer of specific duty-free or reduced-duty goods, and illegal smuggling. It clarifies the statute of limitations for customs to recover underpaid or missed taxes and emphasizes the importance of compliant operation for businesses and individuals to mitigate tax risks. Aiming to help enterprises understand the regulations and avoid potential tax liabilities.

Gabon Enhances Customs Skills with WCO Training Program

Gabon Enhances Customs Skills with WCO Training Program

Under the WCO-WACAM project funded by the Swedish government, the Gabon Customs Administration successfully held a 'Train-the-Trainer' workshop. This significantly enhanced the capabilities of 23 participants in key areas such as customs valuation and tariffs. The project not only lays the foundation for a sustainable talent development system within Gabon Customs but also provides valuable lessons learned for other developing countries. The workshop aimed to empower participants to become effective trainers and contribute to the long-term strengthening of customs operations.

Asiapacific Strengthens Trade Oversight with Customs and Pricing Reforms

Asiapacific Strengthens Trade Oversight with Customs and Pricing Reforms

The World Customs Organization, in collaboration with the OECD and the World Bank Group, held an Asia-Pacific seminar focusing on the nexus between customs valuation and transfer pricing. The conference emphasized the need for enhanced information sharing and collaborative supervision between tax and customs authorities to address challenges posed by related-party transactions. This aims to improve cross-border trade compliance, enhance tax collection efficiency, and build a more efficient cross-border trade regulatory system. The discussions highlighted practical approaches and best practices for effective collaboration.

Crossborder Ecommerce Firms Seek Strategic MA Partners

Crossborder Ecommerce Firms Seek Strategic MA Partners

This paper delves into the opportunities and challenges faced by large enterprises entering the cross-border e-commerce logistics sector through mergers and acquisitions (M&A). It emphasizes the importance of a clear understanding of one's own strengths and the synergy with the target company before the acquisition. The paper also highlights potential risks during the M&A process, such as valuation bubbles and cultural clashes. Ultimately, this research provides a comprehensive M&A guide for enterprises seeking to expand their global logistics capabilities.

Temus Super Bowl Ad Drives Growth Pressures Shein

Temus Super Bowl Ad Drives Growth Pressures Shein

Temu saw a surge in daily active users after its Super Bowl ad, replicating Pinduoduo's model for rapid growth and potentially impacting Shein's valuation. Despite a substantial marketing budget, Temu faces competitive pressures and internal challenges. Whether it can sustain its growth remains to be seen. Its aggressive marketing strategy and low prices are shaking up the cross-border e-commerce landscape, forcing competitors to adapt. The long-term success of Temu will depend on its ability to address operational issues and maintain user engagement.