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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La Palma Port Key to Eastern Panama Trade

La Palma Port Key to Eastern Panama Trade

La Palma Port is an estuary port located in Darién Province, Panama, at the mouth of the Tuira River. It serves the route between Panama City and Yaviza, primarily handling cargo such as logs and plantains. As the capital of Darién Province, this small port is crucial to the regional economy. Its annual throughput is approximately 51,000 tons, and it has the potential for further development in the future. It plays a vital role in connecting remote communities and facilitating trade within the region.

09/29/2025 Port Encyclopedia
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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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Panama Company Agent Certification Compliance Tips and Risks

Panama Company Agent Certification Compliance Tips and Risks

This article focuses on the application for Panama company agency certificates, providing a detailed analysis of official acceptance agencies, common risks, and corresponding strategies. It also recommends mainstream service providers. Emphasizing the importance of compliance and professional services, the aim is to help businesses efficiently and compliantly complete the application process, reducing the risks associated with cross-border operations. The guide highlights crucial steps for obtaining the necessary documentation and navigating the legal landscape effectively.

01/15/2026 Customs Knowledge
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Panamas Tocumen Airport Expands Air Cargo Operations

Panamas Tocumen Airport Expands Air Cargo Operations

This article provides an in-depth analysis of Tocumen International Airport (PTY) in Panama City as a crucial air cargo hub. It details its customs clearance requirements, international route network, and recommends practical online search tools. The aim is to offer international trade professionals a comprehensive guide to using the airport, facilitating efficient air cargo operations. The guide helps navigate the airport's procedures and resources for streamlined logistics and improved business outcomes.

09/29/2025 Airport Codes
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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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