China Vows Support for Multilateralism Global Cooperation

China Vows Support for Multilateralism Global Cooperation

China reaffirmed its unwavering support for multilateralism at the United Nations, emphasizing the importance of upholding the UN's authority. China called for a coordinated approach to advancing the three pillars of peace, development, and human rights, prioritizing development. China supports UN reform aimed at building a more just and equitable global governance system to jointly address global challenges and build a community of shared future for mankind. This commitment underscores China's dedication to international cooperation and a more inclusive and effective global order.

01/28/2026 Customs Knowledge
Read More
US Ports Infrastructure Crisis Threatens Economic Growth

US Ports Infrastructure Crisis Threatens Economic Growth

Aging port infrastructure in the U.S. increasingly hinders economic growth. This paper analyzes the crucial role of ports in the economy, highlighting issues such as inadequate infrastructure and funding gaps. It also explores the controversy and potential reforms surrounding the Harbor Maintenance Tax. The importance of multimodal transportation is emphasized. Policy recommendations include increased investment, tax reform, and streamlined permitting processes. The aim is to revitalize U.S. port competitiveness and ensure sustainable economic development by addressing these challenges and modernizing port operations.

01/29/2026 Port Encyclopedia
Read More
US Trucking Industry Faces Scrutiny Over Hours of Service Rule

US Trucking Industry Faces Scrutiny Over Hours of Service Rule

The US trucking Hours of Service (HOS) regulation reform faces potential delays due to a Democratic-led "comprehensive review." The new rules aim to improve long-haul transportation efficiency and flexibility. However, Democrats are demanding a safety impact analysis of the rules, which could lead to implementation delays. Trucking associations have expressed concern over potential delays, but remain optimistic about the eventual implementation. The review focuses on ensuring driver safety and preventing fatigue-related accidents under the revised HOS guidelines.

02/03/2026 Logistics
Read More
Lesotho Revenue Authority Advances Operational Excellence in Strategic Retreat

Lesotho Revenue Authority Advances Operational Excellence in Strategic Retreat

The Lesotho Revenue Authority (LRA) successfully held a high-level strategic retreat to clarify strategic priorities, enhance leadership, and accelerate reform and modernization. The World Customs Organization, the World Bank, and the Finnish Customs Cooperation Fund provided support. The retreat strengthened the management team's cohesion and provided clear direction for the organization's future development. Key focus areas included improving tax administration, fostering effective leadership, and driving strategic growth initiatives to enhance the LRA's overall performance and contribution to Lesotho's economic development.

02/03/2026 Customs Knowledge
Read More
Belize Customs Boosts Training with WCO Assistance

Belize Customs Boosts Training with WCO Assistance

The World Customs Organization (WCO) assisted the Belize Customs and Excise Department (CED) in its human resources reform and modernization efforts. Through workshops, CED senior management analyzed existing strategies and business plans, developing a human resources strategy, development plan, and training calendar. These initiatives aim to enhance CED's human resources management capabilities to meet the evolving challenges of global trade and promote economic development in Belize. The collaboration underscores the importance of international cooperation in strengthening customs administrations and fostering efficient trade practices.

02/03/2026 Customs Knowledge
Read More
South Koreas Economy Shrinks Unexpectedly in Q4

South Koreas Economy Shrinks Unexpectedly in Q4

South Korea's economy unexpectedly contracted in the fourth quarter of 2025, marking its worst quarterly performance in three years. Investment and exports both declined, while consumption offered little support. The annual economic growth rate fell to 1%, a recent low. This article delves into the structural problems and external shocks facing the South Korean economy, exploring potential policy responses and future prospects. It emphasizes the importance of innovation, reform, and diversification to revitalize the economy and achieve sustainable growth in the long term.

02/04/2026 Exchange Rate Query
Read More
Russias New Tax Rules Challenge Chinese Ecommerce Sellers

Russias New Tax Rules Challenge Chinese Ecommerce Sellers

Russia plans to impose new taxes on cross-border e-commerce to close tax loopholes and standardize VAT collection. Chinese sellers need to accelerate compliance strategies, shifting from extensive product offerings to brand building and localization. Strengthening supply chain and local service capabilities is crucial to adapt to market changes and seize long-term development opportunities in the Russian market. This reform requires businesses to prioritize tax compliance and adapt their operational models for sustainable growth in the evolving Russian e-commerce landscape.

02/05/2026 Customs Knowledge
Read More
West and Central Africa Push to Modernize Customs Systems

West and Central Africa Push to Modernize Customs Systems

The 7th Annual Meeting of Capacity Building Focal Points for West and Central Africa focused on customs reform and modernization strategies. Key challenges discussed included leadership, human resources, outsourcing responsibility repatriation, and trade facilitation. The meeting emphasized strengthening regional cooperation and WCO support to enhance customs management, promote regional economic development, and build an efficient and secure global trade system. The discussions aimed to improve the effectiveness and efficiency of customs administrations in the region, ultimately contributing to increased trade and economic growth.

02/05/2026 Customs Knowledge
Read More
Wuhan Emerges As A Leader In Logistics Hub Cities With Comprehensive Layout Of 151 National Logistics Hubs

Wuhan Emerges As A Leader In Logistics Hub Cities With Comprehensive Layout Of 151 National Logistics Hubs

Recently, the National Development and Reform Commission announced a new batch of national logistics hubs, with Wuhan standing out as one of the four chosen. This marks a new phase in the construction of logistics hubs in China, with a total of 151 hubs being distributed more evenly across the country. The selection of strong hub cities now places greater emphasis on geographical conditions and spatial layout, fostering local economic development. For example, the logistics hub in Nantong has had a positive impact on the local industry.

10/17/2024 Logistics
Read More
Customs Implements New Integrated Declaration Rules for Import and Export Goods A Transformative Journey Towards One-stop Clearance

Customs Implements New Integrated Declaration Rules for Import and Export Goods A Transformative Journey Towards One-stop Clearance

Starting from August 1, customs has implemented a new integrated declaration mechanism for import and export goods, merging the customs declaration and inspection forms into a single new declaration. This reform aims to optimize the declaration process, increase customs clearance efficiency, and significantly reduce the workload and labor costs for enterprises, with an expected improvement in clearance speed of 20-30%. Additionally, customs has provided necessary training for businesses to ensure a smooth transition to the new system, ultimately enhancing their competitiveness and participation.

08/02/2023 Logistics
Read More