Ghana Customs Regains Control of Commodity Classification

Ghana Customs Regains Control of Commodity Classification

The Ghana Revenue Authority, with assistance from the World Customs Organization (WCO), is working to reclaim commodity classification rights from private inspection companies. This initiative aims to increase tax revenue, enhance customs expertise, and safeguard national economic sovereignty. The WCO provides technical and financial support through workshops and other means, assisting Ghana in establishing an autonomous and controllable tariff system. This effort serves as a model for other developing countries seeking to strengthen their customs capabilities and economic independence.

02/03/2026 Customs Knowledge
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Amazon Sellers Urged to Avoid Infringement for Longterm Profit

Amazon Sellers Urged to Avoid Infringement for Longterm Profit

This article delves into the infringement risks associated with Amazon product selection, providing a comprehensive guide to avoid pitfalls. It covers supplier investigation, case studies, industry knowledge accumulation, patent searching, and infringement element assessment. The aim is to help sellers choose safe and high-quality products, mitigate infringement risks, and achieve stable profitability. By understanding these key areas, sellers can make informed decisions and protect their business from potential legal issues and financial losses on the Amazon platform.

02/03/2026 Customs Knowledge
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UK Importers Gain Cash Flow Boost Through VAT Deferral

UK Importers Gain Cash Flow Boost Through VAT Deferral

The UK's Postponed VAT Accounting (PVA) allows businesses to defer import VAT payments, easing cash flow pressures. Companies are not required to pay VAT at customs clearance, simplifying the refund process and improving capital efficiency. It's important to note that PVA only defers VAT; duties and other taxes still need to be paid. Businesses should download their VAT statements promptly. PVA offers a significant advantage for businesses involved in importing goods, enabling better financial planning and resource allocation.

02/03/2026 Customs Knowledge
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IATA Simplifies Bank Updates to Speed Up Airline Refunds

IATA Simplifies Bank Updates to Speed Up Airline Refunds

This document guides IATA users on how to easily change bank account information for negative remittances. Users can access the bank beneficiary form via the provided link, complete it, and submit it to update their account details. This ensures smooth and timely negative remittance processing, preventing unnecessary delays or failures. The process outlined helps maintain accurate account information, facilitating efficient financial transactions within the IATA framework. Proper completion and submission of the form are crucial for successful account updates.

02/03/2026 International Settlement
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Moroccos Freight Market Key Insights on IATA Accreditation

Moroccos Freight Market Key Insights on IATA Accreditation

This article provides an in-depth analysis of the requirements for obtaining IATA freight forwarding accreditation in Morocco. It covers various types of accreditation, essential document checklists, site requirements, financial obligations, personnel qualifications, and a detailed application process. The aim is to assist businesses or individuals interested in entering the Moroccan freight market by providing a comprehensive understanding of the 'rules of the game' for IATA accreditation. This knowledge will help them successfully obtain certification and expand their operations.

02/03/2026 Logistics Encyclopedia
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Philippines Streamlines Cargo Clearance to Boost Trade Efficiency

Philippines Streamlines Cargo Clearance to Boost Trade Efficiency

The Philippines will launch a National Time Release Study (TRS) in 2025 to enhance the efficiency of customs clearance for maritime imports and exports. Spanning two weeks, the study will focus on the Manila International Container Port and has received support from the World Customs Organization and HM Revenue and Customs of the UK. The final report is expected to be completed by the end of the year, providing a basis for subsequent reforms aimed at promoting trade facilitation and enhancing national competitiveness.

07/28/2025 Logistics
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Prologis IBI Highlights US Industrial Real Estate Trends

Prologis IBI Highlights US Industrial Real Estate Trends

The Prologis IBI index reveals a complex picture of the US industrial real estate market: low vacancy rates and rising rents coexist with slowing demand and potential oversupply. The report forecasts a future supply shortage, advising businesses to plan early, adopt flexible leasing strategies, and optimize their supply chains. Companies should capitalize on market opportunities while mitigating potential risks. This includes proactive planning for future space needs and strategically leveraging market fluctuations to secure favorable lease terms and optimize logistics networks.

11/03/2025 Logistics Industry Insights
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European Ecommerce to Hit 565B by 2029 Amid Growth Surge

European Ecommerce to Hit 565B by 2029 Amid Growth Surge

A Forrester report forecasts significant growth in e-commerce retail sales across five major European countries over the next five years. Reaching €565 billion by 2029, online sales will account for nearly 21% of total retail sales. Key drivers include economic recovery, omnichannel strategies, and cross-border e-commerce. While the UK currently leads in online retail market size, Germany and France present substantial growth opportunities. Experts recommend retailers invest in digital platforms and embrace omnichannel approaches to capitalize on this expansion.

11/03/2025 Logistics Industry Insights
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Goldman Sachs Warns Tariffs on Canada Mexico May Fuel US Inflation

Goldman Sachs Warns Tariffs on Canada Mexico May Fuel US Inflation

Goldman Sachs forecasts that US core CPI could rise by 0.6% if the US imposes tariffs on imports from Canada and Mexico. The report suggests the duration of these tariff policies is uncertain but unlikely to become a long-term feature. Existing inflationary pressures in the US persist, and the new tariff policies may exacerbate inflation. The impact depends on the scope and longevity of the tariffs, but Goldman Sachs believes the effect will be noticeable in the short term.

11/03/2025 Logistics
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Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova, with the support of the SECO-WCO Global Trade Facilitation Programme, held a virtual Time Release Study (TRS) workshop to assess clearance times and develop a national implementation roadmap. The goal is to complete the TRS report by January 2026, covering import and export processes, and to make it available to all stakeholders. The WCO pledged continued technical support to help Moldova improve trade facilitation and promote economic development. The TRS aims to identify bottlenecks and recommend improvements to streamline border procedures.

12/30/2025 Customs Knowledge
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