WCO Workshop Enhances Panama Customs Valuation Practices

WCO Workshop Enhances Panama Customs Valuation Practices

With the support of the China Customs Cooperation Fund, the World Customs Organization (WCO) held a virtual workshop on customs valuation for Panama Customs, aiming to enhance its capacity to implement the WTO Agreement on Customs Valuation. The workshop covered key concepts, latest developments, and post-clearance audit applications of the Agreement. Through a combination of theory and practice, it improved participants' skills in document review, customs clearance, and risk management. The WCO will continue to deepen cooperation to support global customs capacity building and promote trade prosperity.

12/30/2025 Customs Knowledge
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Panama and Suez Canals Face Rising Shipping Challenges

Panama and Suez Canals Face Rising Shipping Challenges

The Panama Canal and the Suez Canal are two critical waterways for global maritime transport. The Panama Canal connects the Atlantic and Pacific Oceans via a system of locks, while the Suez Canal directly links the Mediterranean Sea and the Red Sea. Both play a significant role in global trade, and the choice of which route to use depends on specific shipping requirements. These canals significantly reduce travel distances and time, impacting shipping costs and overall efficiency in international commerce.

11/03/2025 Logistics Encyclopedia
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Port Louis, Mauritius: The Complete Port Guide

Port Louis, Mauritius: The Complete Port Guide

Port Louis, Mauritius' largest commercial port, is strategically located in a northwestern coastal fjord as a key South Indian Ocean shipping hub. Featuring multiple berths for containers, bulk cargo and oil, it also has dedicated sugar export terminals with excellent vessel reception capacity ensuring efficient and secure operations. Its prime location establishes Port Louis as a vital East African trade center.

07/16/2025 Port Encyclopedia
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Scotiabank Panama Simplifies International Transfers With SWIFT Code Guide

Scotiabank Panama Simplifies International Transfers With SWIFT Code Guide

This article provides a detailed explanation of the SWIFT code NOSCPAPAXXX for Scotiabank (Panama), along with its usage scenarios. It emphasizes the importance of providing accurate beneficiary information to ensure efficient and secure international money transfers. Common questions are answered to help users avoid delays and errors when receiving funds. The goal is to guide users in receiving international remittances effectively and safely.

09/01/2025 International Settlement
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Global Supply Chains Strained by Suez Panama Canal Disruptions

Global Supply Chains Strained by Suez Panama Canal Disruptions

The global supply chain faces significant challenges due to the Suez Canal crisis and the Panama Canal drought, leading to a sharp decline in shipping capacity and increased freight rates. Companies need to adopt strategies such as diversifying transportation methods, planning ahead, strengthening communication, and optimizing inventory levels. Seeking professional logistics support is also crucial to mitigate risks, ensure supply chain stability, and enhance competitiveness in the global market. These measures are vital for navigating the current disruptions and maintaining operational efficiency.

11/03/2025 Logistics Industry Insights
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