WTO Clarifies undertaken in Customs Rules to Ensure Fair Trade

WTO Clarifies undertaken in Customs Rules to Ensure Fair Trade

In 1983, the Customs Valuation Committee clarified that the term "undertaken" in Article 8 of the Customs Valuation Agreement should be interpreted as "carried out" in the English context. This interpretation aimed to standardize understanding and prevent trade disputes arising from linguistic differences. However, this clarification does not affect the French and Spanish versions of the Agreement. The ruling emphasizes the importance of consistent interpretation in international trade agreements to ensure fair and predictable application across different language versions.

01/30/2026 Customs Knowledge
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US Trucking Rule on English Fluency Shows Minimal Effect Amid High Demand

US Trucking Rule on English Fluency Shows Minimal Effect Amid High Demand

The US is tightening English language proficiency regulations for truck drivers, but the impact on freight rates is expected to be limited. Market demand remains the key determinant of freight prices, and changes in trucking capacity supply are unlikely to shift the demand-driven market structure. Businesses should focus on market demand and flexibly adjust their operating strategies accordingly. The new regulations are a factor, but secondary to the overall economic forces shaping the trucking industry.

01/30/2026 Logistics Industry Insights
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New English Rules for Truck Drivers May Raise Freight Costs

New English Rules for Truck Drivers May Raise Freight Costs

The US is tightening English proficiency requirements for truck drivers to improve road safety and industry standards. While the new regulations may cause localized capacity constraints, the overall impact is expected to be limited. Companies need to proactively address this by improving their drivers' English skills and ensuring compliance to navigate market challenges effectively. This includes providing English language training and adapting operational procedures to meet the new standards, ultimately fostering a safer and more compliant trucking industry.

01/20/2026 Logistics Industry Insights
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IATA Cargo Agent Accreditation Application Guide

IATA Cargo Agent Accreditation Application Guide

This article focuses on completing the application form in the IATA freight forwarder accreditation process, emphasizing its mandatory requirements and English language standards. Applicable to both branch offices and headquarters, applicants must ensure the information provided is accurate and complete to increase the chances of a successful application. Proper completion of the form is crucial for a smooth and efficient accreditation process. Adhering to the guidelines outlined in this document will significantly improve the likelihood of approval.

02/03/2026 Document Interpretation
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Key Tips for Selecting an Efficient Amazon Overseas Warehouse

Key Tips for Selecting an Efficient Amazon Overseas Warehouse

Selecting an appropriate overseas warehouse system and integrating it with the Amazon API can significantly enhance the management efficiency of cross-border e-commerce. Several overseas warehouse systems, such as ECCANG, offer automated order processing and inventory management features, enabling sellers to operate more effectively. When making a selection, it is essential to consider the system's reliability, ease of use, and customer support.

02/27/2025 Warehousing
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Guide to Banco De Occidentes SWIFT Code for International Transfers

Guide to Banco De Occidentes SWIFT Code for International Transfers

This article provides a detailed analysis of Banco de Occidente Colombia's SWIFT/BIC code (OCCICOBCCL1). It explains the importance of SWIFT codes in international money transfers and offers practical tips to avoid SWIFT code errors. The aim is to help users conduct cross-border transfers safely and efficiently, ensuring accurate and timely remittance processing through a clear understanding of SWIFT code usage.

09/04/2025 International Settlement
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Response Measures After Barge Delay

Response Measures After Barge Delay

In freight operations, if the barge is missed, appropriate measures must be taken based on the situation to ensure the smooth arrival of goods. There are three main scenarios: handling changes in ship name and voyage, default processing without a name change, and needing to reschedule the barge. Regardless of the situation, the unloading operations in Shanghai will not be affected.

07/17/2025 Logistics
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An In-depth Exploration of the Composition and Calculation Conditions of Logistics Costs

An In-depth Exploration of the Composition and Calculation Conditions of Logistics Costs

Logistics costs consist of three components: material circulation expenses, information processing expenses, and management expenses. When calculating logistics costs, it is essential to define the scope of logistics, the functions involved, and the accounting categories. These factors directly impact the scale of a company's logistics costs. Appropriate calculation conditions ensure the accuracy of the data, providing valuable support for enterprise decision-making.

07/17/2025 Logistics Encyclopedia
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Core Functions and Services of International Freight Forwarding

Core Functions and Services of International Freight Forwarding

International freight forwarding plays a crucial role in global logistics, mainly representing shippers and consignees while assisting in various stages of cargo transportation. Services include selecting transportation methods, booking cargo, handling bills of lading, customs clearance, payment processing, and real-time notifications. Additionally, forwarders perform multimodal transport functions and offer value-added services such as cargo supervision and special goods transportation.

07/18/2025 Logistics Encyclopedia
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Understanding The Mechanism Of Bonded Day Tours

Understanding The Mechanism Of Bonded Day Tours

A bonded one-day tour is a trading method for re-exporting goods that leverages the policies of bonded logistics parks. By employing the strategy of 'exporting first, importing later,' it addresses logistical challenges in processing trade. This process typically takes only one day and involves various operational modes, which can be quite complex. Understanding the relevant policies and procedures is crucial.

07/17/2025 Logistics Encyclopedia
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