New Customs System Eases Trade Amid Environmental Rules

New Customs System Eases Trade Amid Environmental Rules

A WCO workshop in the EAC/SADC region helped customs administrations address environmental risks, combat illicit trade, protect the environment, and facilitate trade. The workshop aimed to strengthen customs' capacity to identify and manage environmental risks associated with cross-border movements. Businesses are encouraged to improve their compliance levels to mitigate potential risks related to environmental regulations and international trade practices. This proactive approach ensures both adherence to legal requirements and contribution to a more sustainable global trade environment.

Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova, with the support of the SECO-WCO Global Trade Facilitation Programme, held a virtual Time Release Study (TRS) workshop to assess clearance times and develop a national implementation roadmap. The goal is to complete the TRS report by January 2026, covering import and export processes, and to make it available to all stakeholders. The WCO pledged continued technical support to help Moldova improve trade facilitation and promote economic development. The TRS aims to identify bottlenecks and recommend improvements to streamline border procedures.

Douyin Ecommerce Raises Bar for Sellers with Stricter Return Rate Rules

Douyin Ecommerce Raises Bar for Sellers with Stricter Return Rate Rules

Douyin e-commerce platform adjusts the standards for Douyin store products to enter the Selected Alliance, with the product return rate becoming a key assessment indicator. Merchants need to improve product quality, optimize after-sales service, and pay attention to data indicators to adapt to the new regulations and obtain more promotion opportunities. The new rules aim to create a healthier and more sustainable e-commerce ecosystem. Merchants should actively respond and realize the transformation from "traffic is king" to "quality is king."

Amazon Prioritizes Product Quality in Updated Review System

Amazon Prioritizes Product Quality in Updated Review System

Amazon is adjusting its review display mechanism to increase the weight of recent reviews, emphasizing the importance of product quality and service. Under the new system, recent positive reviews are more likely to be featured prominently, and negative reviews are no longer given absolute priority. Sellers need to prioritize product quality to adapt to these new rules. This change aims to provide a more current and accurate reflection of customer experiences, encouraging sellers to maintain high standards and address issues promptly.

Nordic Ports Struggle With Congestion As Asian Freight Surges

Nordic Ports Struggle With Congestion As Asian Freight Surges

In August and September, a large influx of containers from Asia is expected to flood Nordic ports, leading to severe congestion. Strong import demand will continue to drive shipping volume growth, increasing pressure on operational timelines. Ports and shipping companies need to proactively respond and adjust their strategies to mitigate this challenge.

08/06/2025 Logistics
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SWIFT Codes Essential for Secure Global Money Transfers

SWIFT Codes Essential for Secure Global Money Transfers

This article analyzes the SWIFT code HASEHKHHSVM of HANG SENG BANK LIMITED, highlighting its importance in international remittances. It presents specific cases to illustrate key points to consider during the remittance process and advises readers to verify relevant information before transferring funds to ensure their security and successful delivery to the destination.

US Bank Explains SWIFTBIC Codes for Global Transfers

US Bank Explains SWIFTBIC Codes for Global Transfers

This article provides a detailed introduction to the SWIFT/BIC code USBKUS44MIL of U.S. BANK N.A. It explains how to use the code and highlights important considerations to ensure the safety and accuracy of international remittances. To facilitate effective transfers, it is essential to verify the bank name, branch information, and country.