WCO Aids Palestine in Modernizing Tariff System with Data

WCO Aids Palestine in Modernizing Tariff System with Data

The World Customs Organization (WCO) is assisting Palestine in upgrading its tariff classification system. Through data-driven diagnostics and improvement strategies, the initiative aims to enhance customs clearance efficiency, secure revenue, promote compliance, and improve international competitiveness. Key measures include establishing a centralized management agency, improving information systems, strengthening personnel training, and fostering cooperation between customs and businesses. The goal is to build an efficient, accurate, and transparent trade environment.

01/26/2026 Customs Knowledge
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Iran Boosts Trade Efficiency with Wcobacked HS Code Reform

Iran Boosts Trade Efficiency with Wcobacked HS Code Reform

Iran, with the support of the World Customs Organization (WCO), held a national workshop focusing on the application and optimization of the Harmonized System (HS) Code. This initiative aims to enhance the professional skills of customs officials, optimize classification methods, and promote trade development. This will lead to faster customs clearance, lower trade costs, and clearer trade regulations for businesses, helping Iran play a greater role in the global trade arena.

01/20/2026 Customs Knowledge
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WCO Launches Global Network to Promote Gender Equality in Trade

WCO Launches Global Network to Promote Gender Equality in Trade

The World Customs Organization (WCO) launched the Gender Equality and Diversity Network to promote gender mainstreaming in human resource management, policymaking, and technology application within customs administrations worldwide. The initiative aims to address challenges posed by the pandemic and provide relevant tools and resources. Ultimately, the network seeks to foster a more inclusive and sustainable trade future by ensuring gender considerations are fully integrated into customs operations and policies globally.

02/12/2026 Customs Knowledge
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Moldova Adopts Revised Kyoto Convention to Boost Trade Efficiency

Moldova Adopts Revised Kyoto Convention to Boost Trade Efficiency

The Republic of Moldova has officially acceded to the Revised Kyoto Convention, becoming its 139th contracting party. This move will simplify customs procedures, reduce trade costs, and improve customs clearance efficiency, thereby enhancing international competitiveness. It will bring more convenient and efficient international trade environment for Moldovan enterprises and attract more foreign investment. The accession signifies Moldova's commitment to modernizing its customs practices and aligning with international standards for trade facilitation.

02/12/2026 Customs Knowledge
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Prince Rupert Port The Rise and Economic Value of North Americas Deep Water Port

Prince Rupert Port The Rise and Economic Value of North Americas Deep Water Port

Prince Rupert Port, an important deep-water port in British Columbia, Canada, leverages its advantageous geographical location and strong transportation hub functions to generate significant economic value for international trade, creating $1.2 billion in economic activity annually. This port also enhances local employment and wage levels, making it a key driver of economic growth in the northern region.

07/24/2025 Port Encyclopedia
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Yantai Port's First Domestic North-south Main Line Officially Launches, Promoting Regional Economic Development

Yantai Port's First Domestic North-south Main Line Officially Launches, Promoting Regional Economic Development

The first self-operated domestic trade mainline of Yantai Port, connecting Jinzhou-Yantai-Quanzhou, has officially commenced, successfully arriving after a six-day journey. This route will significantly enhance import and export volumes in the Bohai Bay, promote a positive cycle between main and branch lines, and establish a direct connection between Yantai and Quanzhou, thus aiding regional economic development and increasing the market competitiveness of Yantai Port.

10/21/2023 Logistics
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Tiktok Shop Plans US Expansion Via Talkshoplive Deal

Tiktok Shop Plans US Expansion Via Talkshoplive Deal

TikTok plans to indirectly enter the North American live shopping market through a partnership with TalkShopLive. By collaborating with this live streaming platform, which already partners with Walmart, TikTok hopes to bypass some obstacles and introduce its Shop business to the US. This move could create new opportunities for Chinese sellers looking to expand their reach in the North American e-commerce landscape. The partnership allows TikTok to test the waters without directly facing regulatory hurdles and infrastructure challenges.

01/05/2026 Logistics Industry Insights
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US Rail Freight Gains in Carloads Loses in Intermodal

US Rail Freight Gains in Carloads Loses in Intermodal

US rail carload traffic saw a slight increase in March, while intermodal volume declined. Year-to-date, carload traffic is up, but intermodal volume is down. Overall, North American rail freight experienced a downturn. This suggests a mixed performance in the rail freight sector, with traditional carload shipments showing some resilience while intermodal, often seen as a bellwether for economic activity, is weakening. The decline in North American freight indicates broader economic headwinds affecting the region's transportation industry.

02/11/2026 Logistics
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Goodman Group Enters US Logistics Real Estate Market

Goodman Group Enters US Logistics Real Estate Market

JLL assisted Australian Goodman Group in entering the North American logistics real estate market with a $1.5 billion investment. Factors such as foreign capital inflows and supply-demand dynamics are driving the recovery of the industrial property sector. This significant deal highlights the continued attractiveness of North American logistics assets to global investors, signaling confidence in the sector's long-term growth potential. JLL's role underscores its expertise in facilitating cross-border transactions within the dynamic industrial real estate landscape.

01/20/2026 Logistics Industry Insights
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