HS Convention at 25 Data Shapes Global Trades Future

HS Convention at 25 Data Shapes Global Trades Future

The World Customs Organization (WCO) celebrated the 25th anniversary of the Harmonized System Convention, highlighting the HS's central role and future development in international trade. As a universal language for global trade, the HS simplifies trade processes and enhances efficiency. The WCO is actively conducting strategic reviews to ensure the HS adapts to new trade patterns and technological advancements. It also encourages greater participation from developing countries in HS-related activities, fostering a more inclusive and responsive global trade environment. This ensures the HS remains relevant and effective in facilitating international commerce.

01/26/2026 Customs Knowledge
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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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WCO Boosts Customs Modernization in MENA Via Data Analytics

WCO Boosts Customs Modernization in MENA Via Data Analytics

The World Customs Organization (WCO), in partnership with the CCF Korea, held a virtual workshop for senior officials from the Middle East and North Africa region, focusing on data analysis capacity building. The workshop aimed to enhance the region's customs data analysis capabilities to support customs modernization. It covered topics such as introducing a data analysis framework, sharing experiences, presenting capacity building initiatives, and exploring cooperation prospects for the BACUDA project.

01/26/2026 Customs Knowledge
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Global Customs Maritime Groups Boost Trade Security Via Data

Global Customs Maritime Groups Boost Trade Security Via Data

The World Customs Organization (WCO) and the International Maritime Organization (IMO) Secretaries General met, emphasizing deepened cooperation through enhanced data sharing, technical assistance, and security facilitation measures. Key areas include data standardization, passenger data exchange, the application of emerging technologies, and policy dialogues. The aim is to improve the security, efficiency, and sustainability of global trade. This collaboration seeks to streamline processes, enhance risk management, and foster a more secure and predictable international trading environment, ultimately benefiting both customs and maritime sectors.

01/26/2026 Customs Knowledge
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Blackrock Microsoft Boost Data Center Investments for AI Growth

Blackrock Microsoft Boost Data Center Investments for AI Growth

A global data center investment boom is underway. BlackRock and Microsoft are jointly raising $12.5 billion, Blackstone plans to invest $4.65 billion in Germany, the UAE's G42 Group intends to invest $300-500 million in the Philippines, and Wildberries is accelerating the construction of its own data centers. Over the next five years, global data center-related investments are projected to exceed $3 trillion to support the development of artificial intelligence and cloud computing. This surge reflects the critical role of data centers in powering the AI revolution.

01/26/2026 Logistics Industry Insights
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Strengthening Transport Market Regulation An Interpretation of the New Regulations by the Ministry of Transport on the Coastal Interprovincial Bulk Liquid Dangerous Goods Shipping

Strengthening Transport Market Regulation An Interpretation of the New Regulations by the Ministry of Transport on the Coastal Interprovincial Bulk Liquid Dangerous Goods Shipping

The Ministry of Transport has issued an announcement to strengthen macro-control over the transportation of bulk liquid dangerous goods by vessels across coastal provinces. The new regulations aim to optimize market entry management and introduce new capacity policies, promoting transportation safety and green development while enhancing the market's standardization and efficiency.

07/23/2025 Logistics
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Efficient Management of Empty Container Operations at Container Terminals

Efficient Management of Empty Container Operations at Container Terminals

This article delves into the core operational processes of empty container management at shipping terminals, including specific methods for the entry and exit of empty containers, management principles, and strategies to optimize yard operations. By implementing efficient empty container handling strategies, overall logistics efficiency can be enhanced, adapting to rapidly changing market demands.

10/22/2004 Logistics
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Container Shipping Rates Surge A New Trend on Latin America Routes

Container Shipping Rates Surge A New Trend on Latin America Routes

Recently, container freight rates on routes from Shanghai to Latin America have seen a significant increase, with rates from Shanghai to the Port of Santos reaching a historical high. This week, rates surged by 26%, reaching $3,646 per FEU. The phenomenon of vessel suspensions has led to increased profits for shipping companies, and regulators are beginning to pay attention to these changes, calling for companies to standardize their pricing management, although specific interventions regarding rates in Latin America remain uncertain.

07/22/2025 Logistics
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