WCO Introduces Online Customs Valuation Training for Global Trade

WCO Introduces Online Customs Valuation Training for Global Trade

The World Customs Organization (WCO) has launched a new online learning module on customs valuation on its CLiKC! platform. This module aims to enhance the understanding and application of the WTO Valuation Agreement among global trade professionals. The course covers the six valuation methods and provides performance support tools. Funded by the Korea Customs Cooperation Fund, the English version is now available. This initiative will contribute to international trade development and improve customs valuation capabilities worldwide.

01/05/2026 Customs Knowledge
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China Customs Supports WCO in Global Trade Valuation Standards

China Customs Supports WCO in Global Trade Valuation Standards

The WCO Revenue Package aims to enhance customs revenue collection capabilities of member countries. China Customs actively participates in this initiative, providing valuation control case studies and sharing its experiences. China's customs valuation control system, characterized by comprehensive laws and regulations, advanced risk management techniques, a robust valuation database, and effective inter-departmental collaboration, offers valuable lessons for other nations. This participation underscores China's commitment to supporting global efforts in securing customs revenue and promoting best practices in valuation control.

01/05/2026 Customs Knowledge
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WCO JICA Boost Customs Valuation Training in Southern Africa

WCO JICA Boost Customs Valuation Training in Southern Africa

The World Customs Organization (WCO) and Japan International Cooperation Agency (JICA) joint project is progressing in Southern Africa. The 3rd Working Group activity of the Customs Valuation (CV) Master Trainer Programme (MTP) aimed to enhance the customs valuation capabilities of Botswana, Malawi, Mozambique, Zimbabwe, and Zambia. The project focuses on developing a regional pool of trainers and creating training materials. This initiative seeks to promote fairness and efficiency in international trade by strengthening customs valuation expertise within the region.

01/05/2026 Customs Knowledge
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WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

The World Customs Organization (WCO) recently assisted Angola Customs in enhancing its customs valuation capabilities. By assessing infrastructure needs, providing recommendations on risk management and post-clearance audit, and conducting customs valuation workshops, the WCO helped Angola Customs improve revenue collection efficiency, promote compliant trade, and strengthen customs valuation oversight of multinational corporations. This assistance demonstrates the importance of international cooperation in improving customs administration.

12/30/2025 Customs Knowledge
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WTO Committee Clarifies Customs Valuation Rules for Global Trade

WTO Committee Clarifies Customs Valuation Rules for Global Trade

This article provides an in-depth analysis of key decisions made by the WTO Committee on Customs Valuation over the years. It covers critical issues such as royalties, interpretation of terms, treatment of interest, valuation of software carriers, challenges to declared value, and minimum prices. The aim is to offer an authoritative reference for practitioners, promoting fairness and efficiency in international trade. It delves into the nuances of these resolutions, offering practical insights for navigating complex valuation scenarios and ensuring trade compliance.

01/26/2026 Customs Knowledge
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WCO Revises Customs Valuation Rules to Reduce Trade Risks

WCO Revises Customs Valuation Rules to Reduce Trade Risks

The World Customs Organization has released updated Customs Valuation tools, focusing on revised advisory opinions regarding royalties and the valuation of private label goods. These new guidelines aim to assist businesses in more accurately understanding and applying customs valuation rules, reducing trade costs, improving customs clearance efficiency, and mitigating potential risks. The updates provide clarity on complex valuation issues, ensuring fair and consistent application of international trade regulations. This will ultimately facilitate smoother cross-border transactions and promote greater trade compliance.

01/26/2026 Customs Knowledge
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New Global Guidelines Clarify Customs Valuation of Franchise Fees

New Global Guidelines Clarify Customs Valuation of Franchise Fees

The World Customs Organization issued a new advisory opinion clarifying that franchise fees should not be included in the customs valuation of imported goods under specific circumstances. Originating from a Mexican case and confirmed by the Technical Committee on Customs Valuation, this opinion aims to reduce import costs for businesses and enhance customs valuation transparency. Companies should study the opinion, assess their franchise agreements, and communicate with customs authorities to ensure valuation compliance and capitalize on trade opportunities. This helps in correctly determining the dutiable value and avoiding potential penalties.

01/26/2026 Customs Knowledge
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Seychelles Customs Officials Enhance Valuation Skills in WCO Training

Seychelles Customs Officials Enhance Valuation Skills in WCO Training

The World Customs Organization (WCO) conducted a customs valuation training in Seychelles to enhance the practical skills of the country's customs officers. The training focused on the core principles of the WTO Agreement on Customs Valuation, combining theoretical knowledge with practical exercises. This initiative is part of the WCO's capacity building project, aimed at assisting developing countries in improving customs administration, promoting trade facilitation, and increasing revenue collection. Accurate customs valuation is crucial for ensuring revenue integrity and maintaining fair trade practices.

01/26/2026 Customs Knowledge
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WCO Issues New Customs Valuation Guidance for Trade Compliance

WCO Issues New Customs Valuation Guidance for Trade Compliance

The World Customs Organization is set to release new Explanatory Note 7.1, aiming to clarify the meaning of 'price actually paid or payable' and assist businesses in more accurately performing customs valuation. Companies should thoroughly understand the new regulations, optimize their valuation strategies, reduce trade costs, and improve compliance levels, thereby gaining a competitive edge in cross-border trade. This updated guidance is crucial for navigating the complexities of international trade and ensuring accurate declaration of goods.

01/26/2026 Customs Knowledge
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