Nigeria Customs Modernizes Ruling System to Ease Trade

Nigeria Customs Modernizes Ruling System to Ease Trade

The Nigeria Customs Service is actively implementing a national Advance Ruling System aimed at reducing trade costs, improving efficiency, and enhancing trade predictability for businesses by pre-determining commodity classification, tax rates, and other relevant matters. This initiative, part of the EU-World Customs Organization Africa HS project, draws on the successful experiences of Ethiopia and Liberia. It is expected to significantly improve Nigeria's business environment and promote economic development by providing clarity and certainty to traders before importation.

01/05/2026 Customs Knowledge
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Comoros Customs Strengthens Audits to Boost Revenue Trade

Comoros Customs Strengthens Audits to Boost Revenue Trade

With the support of the World Customs Organization and the China Customs Cooperation Fund, Comoros Customs is actively promoting the establishment of a Post-Clearance Audit (PCA) system to optimize tax collection and facilitate trade. Through national workshops, enhanced staff training, and improved legal frameworks, Comoros Customs is working to overcome challenges and build a balanced trade environment. This initiative aims to contribute significantly to the economic development of Comoros by streamlining customs procedures and ensuring compliance.

01/05/2026 Customs Knowledge
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WCO Analyzes Customs Valuation and Transfer Pricing Challenges

WCO Analyzes Customs Valuation and Transfer Pricing Challenges

WCO Case Study 14.2 examines the relationship between customs valuation and transfer pricing, based on a Chinese case. It emphasizes cooperation between customs and tax authorities to help enterprises avoid valuation risks and enhance regulatory capabilities. The study highlights the importance of coordinated efforts in addressing the challenges posed by the intersection of these two areas in international trade. This collaboration aims to ensure fair and accurate valuation practices, contributing to a more transparent and efficient global trading system.

01/05/2026 Customs Knowledge
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Seattle Port Overview and Functions

Seattle Port Overview and Functions

The Port of Seattle, located in Washington State, is a vital gateway from North America to the Far East. It consists of an outer and inner port, with the outer port accommodating ocean-going vessels, while the inner port features various loading and unloading facilities. This includes several container terminals along with specialized cargo and refrigerated docks, with an annual throughput of 20 million tons.

07/18/2025 Port Encyclopedia
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Nepal's Tribhuvan Airport Boosts Tourism and Trade as Key Hub

Nepal's Tribhuvan Airport Boosts Tourism and Trade as Key Hub

Tribhuvan International Airport in Kathmandu is the primary air hub of Nepal, located 5.56 kilometers east of the capital. Since its opening in 1955, it has connected domestic and international flights, serving several airlines, including Agni Air and Nepal Airlines. The airport features both domestic and international terminals, as well as a VIP terminal for passengers. Additionally, it actively participates in efficient cargo handling services.

07/28/2025 Airport Codes
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Uschina Tariff Pause Offers Mixed Prospects for Exporters

Uschina Tariff Pause Offers Mixed Prospects for Exporters

Following US-China talks in Geneva, both sides announced a pause on some tariff measures, sending a positive signal to the market. However, the 90-day window, combined with the peak North American restocking season, may trigger rising US East Coast freight rates and capacity constraints. Export companies need to seize opportunities, adapt flexibly, diversify risks, and closely monitor market dynamics to gain an advantage amidst uncertainty.

05/10/2025 Logistics Industry Insights
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Oil Tanker Trade Shifts Amid Sanctions Energy Market Changes

Oil Tanker Trade Shifts Amid Sanctions Energy Market Changes

The sanctions imposed by the U.S. and EU on Russian and Iranian oil and gas are reshaping the global tanker market. The aim of the sanctions is to weaken oil revenues, and while it is important to be cautious of short-term supply chain fluctuations, overall market gaps can be filled by other Middle Eastern countries. Additionally, the growing demand for second-hand vessels may help alleviate pressure on declining asset prices.

07/31/2025 Logistics Industry Insights
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WCO Launches Stress Management Training for Customs Officers

WCO Launches Stress Management Training for Customs Officers

The World Customs Organization (WCO) has launched new training materials on employee wellbeing and stress management, aiming to empower customs executives and enhance resilience for both employees and the organization. The training covers six modules including wellbeing, designing organizational wellbeing programs, mental health, work-life balance, and stress management. The WCO will pilot the materials and plans to develop training for middle management and frontline staff to establish a culture of wellbeing within customs administrations.

01/05/2026 Customs Knowledge
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WCO Launches Leadership Program for Palestinian Customs Officers

WCO Launches Leadership Program for Palestinian Customs Officers

The WCO conducted a leadership workshop for Palestinian Customs, aiming to enhance the skills of middle and senior managers and support customs modernization. The workshop received positive feedback from participants. The training focused on improving leadership capabilities within the customs administration to facilitate more effective operations and contribute to the overall modernization efforts of Palestinian Customs. This initiative is expected to have a significant impact on the efficiency and effectiveness of customs procedures in Palestine.

01/05/2026 Customs Knowledge
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Beijing Airport Customs Clearance Guide for Export Returns

Beijing Airport Customs Clearance Guide for Export Returns

This article focuses on the issue of export returns, using Beijing Airport as an example. It elaborates on the operational procedures and precautions of export returns from ten aspects: analysis of return reasons, timeliness management, identification of trade methods, export tax rebate processing, subsequent cargo handling, document preparation, foreign exchange management regulations, special cargo declaration, terminal and warehousing selection, and customs broker selection. The aim is to help foreign trade companies efficiently and compliantly handle return matters and minimize losses.

02/21/2025 Customs Knowledge
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