WCO Enhances Nigeria Ghana Customs to Boost Trade

WCO Enhances Nigeria Ghana Customs to Boost Trade

With WCO support, Nigeria and Ghana jointly organized a training of trainers program on valuation, aiming to enhance customs valuation capabilities and promote trade facilitation in both countries. Following the termination of contracts with private inspection companies and the return of valuation responsibilities to customs, this training covered technical valuation, valuation control, and trainer skills. The goal is to strengthen the national valuation trainer pool in both countries, injecting new momentum into trade development in West Africa. This initiative is expected to improve valuation accuracy and efficiency, ultimately contributing to smoother trade flows.

01/05/2026 Customs Knowledge
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Moldova Boosts Customs Skills with WCO Training

Moldova Boosts Customs Skills with WCO Training

The World Customs Organization (WCO) conducted a Customs Valuation workshop for Moldova Customs to enhance their valuation capabilities. The workshop covered the WTO Valuation Agreement, application of valuation databases, valuation of used goods, handling of assistance and royalties, and advance rulings. This workshop improved the professional competence of Moldova Customs officers, laying a foundation for trade facilitation. The training provided practical knowledge and skills necessary for accurate and efficient customs valuation procedures, contributing to smoother international trade flows.

01/30/2026 Customs Knowledge
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Logistics Sector Sees Growth in Franchises and Leasing Options

Logistics Sector Sees Growth in Franchises and Leasing Options

Opportunities are emerging in the logistics industry. This article focuses on the hot topic of logistics franchise and investment, outlining recruitment information from companies like Aneng Logistics and Best Express, as well as warehouse leasing information from logistics parks in various regions. It also provides advice on seizing these logistics opportunities, including defining your own positioning, conducting in-depth market research, and evaluating risks and returns. Aiming to help investors find success in the logistics sector.

08/15/2025 Logistics
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Forklift Leasing Gains Edge Over Buying for Logistics Savings

Forklift Leasing Gains Edge Over Buying for Logistics Savings

Logistics companies need to be cautious when making forklift fleet procurement decisions. Leasing offers flexibility but can have high hidden costs. Purchasing grants ownership but requires significant upfront investment. Companies should comprehensively consider their financial situation and business needs to choose the most suitable option for cost reduction and efficiency improvement. This white paper provides an in-depth analysis of various options, helping businesses make informed decisions.

01/28/2026 Logistics Industry Insights
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Chassis Leasing Rates Soar Amid Rising Supply Chain Costs

Chassis Leasing Rates Soar Amid Rising Supply Chain Costs

Chassis lessors are increasing daily rental rates due to rising costs, potentially leading to increased transportation expenses, port congestion, and supply chain disruptions. The higher rental fees could impact drayage companies and ultimately be passed on to consumers. This situation highlights the vulnerability of the supply chain to fluctuations in operating costs within the chassis leasing market and emphasizes the need for efficient chassis management strategies to mitigate potential negative consequences on the overall logistics network.

01/29/2026 Logistics
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Shipping Industry Adapts Container Leasing and Yard Management Strategies

Shipping Industry Adapts Container Leasing and Yard Management Strategies

This article provides a comprehensive guide to shipping container selection, leasing, and depot handover, helping businesses optimize logistics and achieve cost reduction and efficiency. It covers common container types, leasing options, cost structures, and depot handover processes and considerations. The aim is to empower businesses to navigate international trade more effectively. This guide helps businesses understand the nuances of container selection based on their specific needs, choose the most suitable leasing arrangement, and efficiently manage the container handover process at the depot, ensuring smooth operations and minimizing potential delays or unexpected costs.

02/02/2026 Logistics Encyclopedia
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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.

01/26/2026 Customs Knowledge
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WCO Implements New Trade Valuation Rules to Boost Revenue

WCO Implements New Trade Valuation Rules to Boost Revenue

The WCO Technical Committee on Customs Valuation has adopted two new advisory opinions concerning the valuation treatment of income tax in royalties and the valuation of buyer's own trademarks on imported goods. These new rules aim to enhance certainty and transparency in customs valuation, promote international trade facilitation, optimize customs revenue, and ensure the healthy development of global trade. They provide guidance on complex valuation issues, contributing to a more predictable and equitable international trade environment. The opinions seek to clarify existing valuation principles and address practical challenges faced by customs administrations and traders alike.

01/05/2026 Customs Knowledge
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Moldova Boosts Customs Efficiency to Streamline Trade

Moldova Boosts Customs Efficiency to Streamline Trade

The World Customs Organization (WCO) held a Customs Valuation workshop in Moldova to enhance the country's customs expertise in customs valuation and promote trade facilitation. The workshop covered topics such as the application of the WTO Valuation Agreement, the establishment and utilization of valuation databases, the valuation of second-hand goods, the treatment of assistance and license fees, and the advance ruling system. This provided valuable learning opportunities for Moldovan customs officials.

01/07/2026 Customs Knowledge
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Madagascar Customs Boosts Valuation Skills Via WCO Support

Madagascar Customs Boosts Valuation Skills Via WCO Support

The World Customs Organization (WCO) conducted an online workshop to enhance Madagascar Customs' valuation capabilities, covering valuation principles, Incoterms, the transaction value method, used vehicle valuation, and combating under-invoicing. Madagascar Customs officials actively participated, significantly improving their valuation skills. WCO experts commended their efforts and recommended strengthening valuation database development, enhancing risk management, fostering international cooperation, and continuing capacity building initiatives. This initiative aims to improve revenue collection and ensure fair trade practices in Madagascar.

01/05/2026 Customs Knowledge
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