Latin America Trade Grows with Enhanced Tax Customs Program

Latin America Trade Grows with Enhanced Tax Customs Program

The IMF and the Spanish Institute for Fiscal Studies jointly concluded a senior seminar on tax and customs administration in Central and South America. This seminar aimed to enhance the strategic skills of tax and customs officials in the region. Using a blended online and offline format, the course covered various aspects of tax and customs management. A fifth session is planned for late November, focusing on developing modern management skills and improving voluntary compliance. The program is designed to foster more effective and efficient tax and customs systems.

02/05/2026 Customs Knowledge
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WCO Study Shows Faster Customs Clearance Boosts Global Trade

WCO Study Shows Faster Customs Clearance Boosts Global Trade

The World Customs Organization's (WCO) Time Release Study (TRS) aims to help customs administrations identify bottlenecks, optimize processes, and improve trade facilitation by quantifying the time taken for goods to clear customs. This article uses the TRS workshop in Kyrgyzstan as an example to detail the implementation steps, benefits, and challenges of TRS. It also looks at future developments, emphasizing that TRS is a key tool for improving customs efficiency and promoting global trade. The study provides valuable insights for countries seeking to enhance their customs procedures and facilitate international commerce.

02/05/2026 Customs Knowledge
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Gambia Revenue Authority Streamlines Trade to Spur Economic Growth

Gambia Revenue Authority Streamlines Trade to Spur Economic Growth

The Gambia Revenue Authority is collaborating with the World Customs Organization to optimize customs operations and strengthen trade facilitation measures through the implementation of performance assessment mechanisms. These measures include Authorized Economic Operator (AEO) programs and coordinated border management. The goal is to enhance the national performance assessment system and promote economic development in The Gambia. This collaborative effort aims to improve customs efficiency and effectiveness, ultimately contributing to a more streamlined and competitive trade environment.

02/05/2026 Customs Knowledge
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WCO Updates Global Trade Codes in 20122017 Harmonized System

WCO Updates Global Trade Codes in 20122017 Harmonized System

The WCO's HS Correlation Tables (2012 vs. 2017 versions) are crucial for international trade. They serve as a foundation for countries developing new tariff systems, a bridge for international standards alignment, and a vital tool in WTO negotiations. Businesses should thoroughly study these tables, update internal systems, enhance employee training, and consult professionals to address the impact of HS version updates. This proactive approach will improve trade efficiency and ensure compliance with evolving regulations, minimizing potential disruptions and maximizing opportunities in the global marketplace.

02/05/2026 HS Code Query
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Gambia Enhances Customs Efficiency with WCO Trade Facilitation Support

Gambia Enhances Customs Efficiency with WCO Trade Facilitation Support

The World Customs Organization (WCO) supported the Gambia Revenue Authority (GRA) in hosting a Time Release Study (TRS) workshop to enhance trade facilitation. Through expert guidance, practical exercises, and action plan development, Gambia aims to establish a trade facilitation baseline, improve its business environment, and comply with the WTO Trade Facilitation Agreement. The TRS will precisely identify customs clearance bottlenecks, optimize processes, reduce costs, and enhance business competitiveness.

02/05/2026 Customs Knowledge
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Comoros Customs Adopts Harmonized System to Boost Trade Efficiency

Comoros Customs Adopts Harmonized System to Boost Trade Efficiency

Comoros Customs is actively preparing for the early application of the HS Harmonized System. Through diagnostics, training, and system upgrades, they aim to improve trade efficiency, reduce costs, and enhance international competitiveness. This proactive approach demonstrates a commitment to streamlining customs procedures and facilitating trade, ultimately contributing to economic growth and integration into the global marketplace. The implementation focuses on ensuring a smooth transition and maximizing the benefits of the updated HS system for both businesses and the government.

02/05/2026 Customs Knowledge
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Uschina Trade Routes Sea and Air Freight Via Thailand

Uschina Trade Routes Sea and Air Freight Via Thailand

This article addresses the growing trend of Chinese sellers choosing Thailand as a transshipment hub in the context of China-US trade frictions. It provides a detailed analysis of sea freight prices and transit times from the US to Thailand, along with relevant information on air freight options. Furthermore, it answers frequently asked questions related to cross-border logistics, aiming to assist sellers in developing more efficient logistics strategies. This includes optimizing routes and considering alternative transportation methods to mitigate potential disruptions and reduce costs.

02/05/2026 Logistics
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Zhengzhou Sees Surge in Russiachina Trade Amid Logistics Upgrades

Zhengzhou Sees Surge in Russiachina Trade Amid Logistics Upgrades

Zhengzhou's Russia logistics line enhances efficiency and reduces costs, facilitating the import of Russian food products. The market holds significant potential, but challenges such as supply chain complexities and competition need to be addressed. Businesses should proactively adapt to these challenges to capitalize on the growing demand for Russian goods in the Zhengzhou market. This specialized logistics solution offers a competitive edge for importers seeking faster and more affordable transportation options.

02/05/2026 Logistics
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Chinaus Ocean Freight Faces Transit Delays Amid Trade Shifts

Chinaus Ocean Freight Faces Transit Delays Amid Trade Shifts

US-China sea freight line shipping time typically ranges from 15-40 days, influenced by factors like route, vessel schedule, port efficiency, and customs clearance speed. Peak season, customs inspections, and force majeure are common causes of delays. Choosing direct routes, pre-clearing customs, and optimizing packaging can shorten delivery times. Communicating with freight forwarders to stay informed about the shipment's status allows for timely intervention if issues arise. Proactive communication and planning are key to mitigating potential delays and ensuring smoother transit.

02/05/2026 Logistics
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Ukchina Trade Routes Face Economic Shifts Amid Rising Tensions

Ukchina Trade Routes Face Economic Shifts Amid Rising Tensions

This paper provides an in-depth analysis of the maritime shipping route between China and the United Kingdom. It details the geographical path, key nodes, major route options, types of transport vessels, and the variety of goods transported. The study emphasizes the crucial role of this route as a vital trade corridor connecting China and the UK, highlighting its significant contribution to fostering economic development in both countries.

02/05/2026 Logistics
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