Global Business Directories Boost Export Growth

Global Business Directories Boost Export Growth

This paper delves into the strategic value of national yellow pages in foreign trade activities, offering a systematic approach to information gathering, organization, analysis, and application. By precisely targeting potential customers, understanding the competitive landscape, and establishing partnerships, national yellow pages empower foreign trade enterprises to succeed in the global market. The paper also emphasizes the importance of information timeliness, accuracy, data privacy protection, and business ethics in utilizing these resources effectively for international trade endeavors.

Central America Adopts Kyoto Convention to Modernize Customs

Central America Adopts Kyoto Convention to Modernize Customs

The Swiss State Secretariat for Economic Affairs (SECO)-World Customs Organization Global Trade Facilitation Programme (GTFP) launched an assistance program in Central America to help countries adopt the Revised Kyoto Convention, simplify customs procedures, and promote trade facilitation. Through workshops, self-assessments, and capacity building, the project will support Central America in improving customs management and integrating into the global trade system. The initiative aims to enhance efficiency and transparency in customs operations across the region.

Shipping Industry Grapples With Terminal Handling Charges

Shipping Industry Grapples With Terminal Handling Charges

This article provides an in-depth analysis of the Terminal Handling Charge (THC) in international shipping. It details the core definition, cost components, varying charges across different ports, and factors influencing rate fluctuations. Furthermore, based on Incoterms®, it clarifies the responsibility for THC under different trade terms. The aim is to help cargo owners better understand and control shipping costs, and avoid trade disputes. It offers a comprehensive overview of THC and its implications for international trade.

Oakland Port Shifts Focus As US Farm Exports Diversify From China

Oakland Port Shifts Focus As US Farm Exports Diversify From China

Despite ongoing US-China trade tensions, agricultural exports from the Port of Oakland have shown resilience. While the proportion of exports to China has decreased, growing demand from other Asian markets has driven overall export value upwards. US exporters are actively adjusting their strategies and diversifying their market footprint, reshaping the global trade landscape. This shift highlights the adaptability of the agricultural sector in navigating complex international trade dynamics and finding new avenues for growth beyond traditional markets.

WCO Launches Digital Tools to Strengthen Global Customs Operations

WCO Launches Digital Tools to Strengthen Global Customs Operations

This paper focuses on the core online resources offered by the World Customs Organization (WCO) for capacity builders, including the WCO Trade Tools, WCO Bookshop, Customs Enforcement Network (CEN), and the WCO Online Learning platform. The aim is to help readers quickly understand and effectively utilize these tools to enhance their professional capabilities and promote compliance and efficiency in international trade. It provides a concise overview of these resources for improved customs capacity and trade facilitation.

Key Differences Between DDP and DAP Incoterms Explained

Key Differences Between DDP and DAP Incoterms Explained

This article provides an in-depth analysis of DDP (Delivered Duty Paid) and DAP (Delivered at Place), two commonly used Incoterms in international trade. It details their differences, meanings, advantages, disadvantages, and selection strategies. Through comparative analysis, the aim is to assist foreign trade enterprises in making more informed decisions based on their own circumstances and market environment, effectively controlling costs, reducing risks, and enhancing trade competitiveness. It offers guidance on choosing the optimal Incoterm for specific situations.

US Tariffs Shift Businesses Urged to Claim Refunds Adapt

US Tariffs Shift Businesses Urged to Claim Refunds Adapt

The U.S. Trade Representative's office has reinstated tariff exemptions, creating duty drawback opportunities for businesses. Robinson Worldwide logistics experts analyze the policy and share strategies for businesses to navigate it. The article examines the impact of tariffs on U.S. businesses and supply chains, as well as future trade policy trends. This offers potential refunds and adjustments for companies affected by previous tariffs, making understanding the nuances of this policy crucial for optimizing cost savings and maintaining trade compliance.

Bahamas Adopts WCO Study to Modernize Customs Efficiency

Bahamas Adopts WCO Study to Modernize Customs Efficiency

The World Customs Organization (WCO) assisted Bahamas Customs in conducting its first Time Release Study (TRS) to identify clearance bottlenecks, optimize processes, and improve efficiency. With WCO training and technical support, the Bahamas aims to significantly reduce clearance times, lower trade costs, and meet the requirements of the WTO Trade Facilitation Agreement. This initiative is expected to promote economic growth and enhance the country's international image by streamlining customs procedures and fostering a more efficient trade environment.

WCO Backs Cape Verde in Landmark Customs Efficiency Study

WCO Backs Cape Verde in Landmark Customs Efficiency Study

The World Customs Organization (WCO), through the WACAM project, supported the Cape Verde Customs Administration (CVCA) in conducting its first Time Release Study (TRS) to improve clearance efficiency and optimize trade processes. The workshop brought together stakeholders to develop an action plan, assisting Cape Verde in fulfilling the World Trade Organization's Trade Facilitation Agreement, improving the business environment, and promoting economic development. The TRS aims to identify bottlenecks and recommend improvements to streamline customs procedures and reduce release times.

Pet Supply Expo in Guangzhou Addresses Industry Challenges

Pet Supply Expo in Guangzhou Addresses Industry Challenges

The inaugural PSC Pet Fair will be held in Guangzhou in November 2024, aiming to address supply chain challenges in the pet industry and gather original manufacturers from home and abroad, providing an efficient matchmaking platform. The exhibition focuses on specific areas such as pet food and supplies, launching a domestic trade-friendly initiative to help foreign trade enterprises expand into the domestic market. This specialized B2B trade show aims to promote the development of China's pet industry.