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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IATA Hosts Webinars on Modern Airline Retailing Trends

IATA Hosts Webinars on Modern Airline Retailing Trends

The IATA Modern Airline Retailing Webinar is a crucial platform for industry transformation. It provides updates on the latest standards, projects, and trends, driving the shift towards 100% Offer and Order. The webinar covers key areas such as the transformation roadmap, new NDC models, financial management, payment strategies, business reference architecture, and procurement considerations. It aims to help businesses understand industry dynamics, develop transformation strategies, and enhance competitiveness. Attendees gain insights into navigating the evolving landscape of airline retailing and leveraging NDC for improved efficiency and customer experience.

01/05/2026 Airlines
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Global Airlines Adopt Einvoicing to Cut Costs

Global Airlines Adopt Einvoicing to Cut Costs

This paper explores the challenges faced by the global aviation industry in electronic invoicing and settlement, highlighting IATA's SIS platform as an industry solution. It analyzes the opportunities and challenges in global electronic invoice standardization and proposes strategies such as strengthening international cooperation, promoting the SIS platform, and adopting new technologies. The aim is to promote the digital transformation of the aviation industry, improve efficiency, and enhance transparency. The paper emphasizes the importance of a unified approach to electronic invoicing to streamline processes and reduce costs for airlines worldwide.

01/05/2026 International Settlement
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WCO Boosts Trade Control Enforcement in Albania Kosovo

WCO Boosts Trade Control Enforcement in Albania Kosovo

The World Customs Organization (WCO), through its STCE and COPES projects, conducted online training for Albanian and Kosovar Customs, aiming to enhance their enforcement capabilities in strategic trade control and dual-use item management. The training covered strategic item definitions, evidence collection standards, and investigation techniques. It emphasized the application of data analysis in risk assessment and intelligence analysis to build a global strategic trade control system and maintain global security. The training is expected to improve the effectiveness of customs operations in preventing the illicit proliferation of sensitive goods.

01/05/2026 Customs Knowledge
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Fedex UPS DHL Comparing Global Shipping Speeds

Fedex UPS DHL Comparing Global Shipping Speeds

This article provides an in-depth comparison of the delivery times of the three major international express companies: DHL, FedEx, and UPS. It analyzes the key factors influencing delivery speed and offers advice on choosing the appropriate express company. DHL excels in the European and Asian markets, FedEx has a clear advantage in North America, and UPS is known for its stability and reliability. When selecting an express company, factors such as price and service coverage should be considered. Consulting with a professional logistics consultant is recommended when needed to make the best choice.

01/05/2026 Logistics
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WCO Highlights Customs Key Role in Pandemic Preparedness

WCO Highlights Customs Key Role in Pandemic Preparedness

The WCO's COVID-19 project aims to enhance customs' capacity to respond to emergencies and ensure supply chain security. Key aspects include international cooperation and technological innovation. The project focuses on strengthening customs' preparedness, facilitating the flow of essential goods, and mitigating disruptions to global trade. By fostering collaboration and leveraging innovative technologies, the WCO seeks to build more resilient and secure supply chains in the face of future crises. This initiative underscores the importance of customs in safeguarding global trade and protecting public health during times of uncertainty.

12/30/2025 Customs Knowledge
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Global Air Freight Firms Optimize Routes to Avoid Delays

Global Air Freight Firms Optimize Routes to Avoid Delays

This paper analyzes key factors influencing international air freight transit times, dissecting acceleration strategies for benchmark routes like China-US and Singapore-New York. It reveals underlying principles such as multi-hub collaboration and data transparency. The paper also warns against the pitfalls of deceptive “fast lanes” and suggests monitoring the EU's “Green Aviation Corridors” initiative. Companies should comprehensively evaluate routes, data, and policies to achieve cost reduction and efficiency gains in logistics. This includes understanding the nuances of international air freight and optimizing routes for faster delivery.

12/30/2025 Logistics
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Aviation Sector Adopts Sems to Combat Rising Security Threats

Aviation Sector Adopts Sems to Combat Rising Security Threats

Facing increasingly complex aviation safety threats, traditional safety measures are insufficient. This webinar focuses on Safety Management Systems (SeMS), exploring how to enhance aviation safety levels by building robust SeMS, strengthening risk management, and leveraging intelligence sharing and technological innovation. We will delve into the core components of effective SeMS implementation and practical strategies for identifying, assessing, and mitigating risks. Resources such as SeMS certification information and IATA manuals will be provided to help build a stronger safety system. Join us to learn how to proactively manage safety and improve overall operational resilience.

12/30/2025 Logistics Industry Insights
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Digital Identity Streamlines Contactless Airport Travel Globally

Digital Identity Streamlines Contactless Airport Travel Globally

This paper explores IATA's contactless travel initiatives, such as the Contactless Travel Directory and Timatic, analyzing their efficiency, cost-effectiveness, enhanced passenger experience, and improved security benefits. It examines how these technologies streamline travel processes, reduce physical contact, and contribute to a safer and more seamless journey for passengers. The paper also provides relevant resources for further exploration of these innovative solutions and their impact on the future of air travel. The adoption of these technologies is crucial for rebuilding passenger confidence and ensuring a safe return to air travel.

12/30/2025 Logistics Industry Insights
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Aviation Industry Sets 2050 Netzero Emissions Target

Aviation Industry Sets 2050 Netzero Emissions Target

IATA has committed the aviation industry to net-zero carbon emissions by 2050, relying on sustainable aviation fuels (SAF), new technologies, and operational improvements. Achieving this ambitious goal requires global collaboration and supportive policies from governments worldwide. The transition necessitates significant investment in research, development, and infrastructure to scale up SAF production and deploy innovative technologies. Furthermore, optimized flight routes and air traffic management systems will play a crucial role in reducing emissions. International cooperation is essential to harmonize regulations and incentivize the adoption of sustainable practices across the aviation sector.

12/30/2025 Logistics Industry Insights
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