Global Trade Guide Key Tax and Compliance Terms for Shipping

Global Trade Guide Key Tax and Compliance Terms for Shipping

This article delves into the application of VAT/EORI in European and American customs clearance for international express shipments. Regarding Europe, it elaborates on the rules and scenario-specific requirements of EORI and VAT, as well as the role of IOSS. For the United States, it highlights the importance of EIN/SSN and IOR, emphasizing the criticality of compliant declaration. This guide helps you master the regulations and navigate global shipping smoothly.

01/15/2026 Customs Knowledge
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Yuans Yearend Rally Prompts Forex Strategy Shifts for Trade Firms

Yuans Yearend Rally Prompts Forex Strategy Shifts for Trade Firms

This article analyzes the RMB exchange rate trend in 2025, discussing the impact of the year-end settlement peak on the RMB exchange rate. Combining predictions from multiple securities institutions and the policy stance, it provides reasonable settlement strategy recommendations for foreign trade enterprises. The aim is to help companies cope with exchange rate fluctuations and achieve stable operations.

12/12/2025 Exchange Rate Query
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US Chamber Touts USMCA As Vital for North American Trade

US Chamber Touts USMCA As Vital for North American Trade

The U.S. Chamber of Commerce has reiterated its strong support for the USMCA in a new letter to the USTR. The USMCA guarantees U.S. businesses tariff-free access to the Canadian and Mexican markets, fostering a level playing field and enabling companies to expand within North America. This agreement is crucial for enhancing the global competitiveness of American businesses. It serves as a key to unlocking opportunities in the North American market.

01/15/2026 Customs Knowledge
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WCO Proposes Green Shift for Chemical Trade Via HS Codes

WCO Proposes Green Shift for Chemical Trade Via HS Codes

A WCO workshop explored using the Harmonized System (HS) code to identify and manage traded chemicals, supporting environmental sustainability. The discussions emphasized the need for improvements to the HS system and promoted dialogue on a 'Green HS'. This aims to leverage HS codes for better tracking and regulation of chemicals with environmental impacts, ultimately fostering more sustainable trade practices and contributing to global environmental protection efforts. The workshop highlighted the potential of the HS code to play a crucial role in achieving a greener and more responsible chemical trade landscape.

01/16/2026 HS Code Query
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Bao Tong Da Logistics Honored Again by China Trade Council

Bao Tong Da Logistics Honored Again by China Trade Council

Baotongda International Logistics, recognized for its professional service and industry influence, has been selected for the China Council for the Promotion of International Trade (CCPIT) Key Contact Enterprise List for Cross-border E-commerce for three consecutive years, highlighting its leading position in logistics and warehousing. The company builds a robust logistics network and warehousing system, establishing strategic partnerships with major cross-border e-commerce platforms. This enables them to provide efficient and secure logistics solutions for businesses expanding overseas, contributing to the high-quality development of China's cross-border e-commerce sector.

01/16/2026 Logistics
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Maersk Expands Asiaeurope Routes Amid Emerging Market Push

Maersk Expands Asiaeurope Routes Amid Emerging Market Push

Maersk, a global shipping giant, is reshaping the global maritime landscape by optimizing the Asia-Europe trade lane, expanding into emerging markets in the Middle East and Africa, and improving transatlantic and intra-regional routes. These efforts aim to enhance trade efficiency and promote regional economic development. Maersk's strategic adjustments to its network and market focus demonstrate its commitment to facilitating global commerce and adapting to evolving trade patterns.

11/03/2025 Logistics
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Key Shipping Terms Explained for Global Traders

Key Shipping Terms Explained for Global Traders

This article delves into the two meanings of ETD (Estimated Time of Delivery and Estimated Time of Departure) in international ocean bills of lading. It also elaborates on key shipping terms such as ETA, ATD, and ATA. Through case studies, this aims to help foreign trade personnel accurately understand and utilize these terms, avoiding trade risks caused by misunderstandings. Ultimately, it facilitates the smooth progress of international trade.

11/03/2025 Logistics Encyclopedia
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New Trade Policies in Guangxi Aim to Boost Imports and Exports

New Trade Policies in Guangxi Aim to Boost Imports and Exports

This article discusses the new policies implemented by the Guangxi Zhuang Autonomous Region to promote stable growth in import and export trade. These measures include reducing the burden on enterprises, implementing a processing trade doubling plan, increasing import rebates, and establishing duty-free shops. The aim of these policies is to drive economic growth, optimize the trade environment, enhance Guangxi's competitiveness in the international market, and ensure steady economic development.

07/28/2025 Logistics
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Colombia Boosts Customs Oversight with Global Partnerships

Colombia Boosts Customs Oversight with Global Partnerships

WCO collaborated with Colombia's DIAN to enhance its customs audit capabilities through the GTFP. The WCO provided support to optimize PCA strategies and SOPs, fostering trade facilitation and economic growth. This partnership aims to improve efficiency and effectiveness in customs procedures, ultimately contributing to a more streamlined and competitive trade environment for Colombia. The collaboration highlights the importance of international cooperation in strengthening customs administrations and promoting global trade.

01/05/2026 Customs Knowledge
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WCO JICA Team Up to Upgrade Customs Systems in Developing Countries

WCO JICA Team Up to Upgrade Customs Systems in Developing Countries

The World Customs Organization (WCO) and the Japan International Cooperation Agency (JICA) signed a Memorandum of Cooperation in 2015. This collaboration aims to improve customs administration in developing countries and promote economic development through capacity building, customs modernization, and trade facilitation. Both parties will deepen cooperation, innovate approaches, and jointly address new global trade dynamics. The goal is to build a more open, inclusive, and mutually beneficial global trade landscape.

01/07/2026 Customs Knowledge
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