IBM Chainyard Launch Blockchain Supplier Verification Network

IBM Chainyard Launch Blockchain Supplier Verification Network

The Trust Your Supplier (TYS) blockchain network, a collaboration between IBM and Chainyard, enhances supplier management efficiency, transparency, and security. This blockchain solution streamlines supplier onboarding and validation, reducing costs and risks. By creating a single, immutable record of supplier information, TYS fosters trust and collaboration among participants. The network has garnered support from several industry giants, demonstrating its potential to revolutionize supplier management within the supply chain ecosystem. This collaborative approach ensures data accuracy and minimizes the potential for fraud, ultimately benefiting all stakeholders.

01/26/2026 Logistics
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Chinas Shenzhen Enhances Crossborder Ecommerce Logistics Efficiency

Chinas Shenzhen Enhances Crossborder Ecommerce Logistics Efficiency

Shenzhen FBA First Leg Delivery Service provides cross-border e-commerce sellers with efficient, safe, and convenient one-stop logistics solutions. These include rapid customs clearance, customized solutions to reduce costs, full tracking of cargo dynamics, professional team support, and global network coverage. We help sellers easily achieve overseas delivery and tap into the global market. We provide comprehensive support from initial shipment to final delivery, ensuring a smooth and hassle-free experience for our clients, allowing them to focus on growing their businesses.

01/26/2026 Logistics
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US Businesses Adopt Strategies to Speed Ocean Freight Customs

US Businesses Adopt Strategies to Speed Ocean Freight Customs

This article delves into the US ocean freight customs clearance process, revealing key factors affecting clearance time and offering practical optimization strategies to help businesses improve clearance efficiency and reduce operating costs. Key areas covered include a detailed explanation of the declaration process, analysis of influencing factors, suggestions for accelerating clearance, and answers to frequently asked questions. The aim is to assist businesses in overcoming customs clearance challenges and seizing market opportunities. It provides actionable insights for navigating the complexities of US customs regulations.

01/26/2026 Customs Knowledge
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Americas Caribbean Launch Customs Lab Network to Facilitate Trade

Americas Caribbean Launch Customs Lab Network to Facilitate Trade

The Customs Laboratory Network of the Americas and the Caribbean has officially launched, aiming to enhance regional trade facilitation through information sharing, standardization, and technical cooperation. Driven by the World Customs Organization, the network will build a cooperative framework based on existing resources. It is expected to reduce trade costs, shorten clearance times, and promote regional economic development. The initiative emphasizes collaboration among customs laboratories to improve efficiency and accuracy in customs procedures, ultimately contributing to smoother and more efficient trade flows within the region.

01/26/2026 Customs Knowledge
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Jamaica Introduces Trade Advance Rulings to Boost Business

Jamaica Introduces Trade Advance Rulings to Boost Business

Jamaica is actively implementing an Advance Ruling System to improve trade efficiency and reduce business costs. Supported technically by the World Customs Organization (WCO), the new Customs Act will provide a legal framework for the system. By determining tariff classifications and origin in advance, the system reduces trade risks, optimizes supply chain management, and helps Jamaica integrate into the global economy, ushering in new trade development opportunities. This initiative aims to foster a more predictable and transparent trading environment for businesses operating in or with Jamaica.

01/26/2026 Customs Knowledge
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Serbia Enhances Trade Via WCO Mercator Program

Serbia Enhances Trade Via WCO Mercator Program

The World Customs Organization (WCO) successfully completed a Mercator Program assessment of Serbian Customs, marking significant progress in trade facilitation for Serbia. The assessment aimed to understand Serbia's current compliance with the WTO's Trade Facilitation Agreement and develop a tailored action plan. The WCO will provide technical assistance through the PMFE to help Serbia improve its trade facilitation level and promote economic growth. This initiative will support Serbia in streamlining customs procedures and reducing trade costs, ultimately boosting its competitiveness in the global market.

01/26/2026 Customs Knowledge
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New Customs Rules Affect Licensing Fees Royalties

New Customs Rules Affect Licensing Fees Royalties

The World Customs Organization (WCO) has released new Advisory Opinion 4.19 on customs valuation, addressing the complex valuation issues related to royalties and license fees under Article 8.1(c) of the Customs Valuation Agreement. This opinion clarifies the valuation principles for single royalties encompassing both patents and trademarks. It assists businesses in accurately calculating import costs, reducing valuation disputes, and promoting the healthy development of international trade. This guidance aims to provide clarity and consistency in the application of customs valuation rules related to intellectual property rights.

01/26/2026 Customs Knowledge
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Armenia Joins Istanbul Convention to Boost Trade

Armenia Joins Istanbul Convention to Boost Trade

Armenia's accession to the Istanbul Convention aims to simplify international trade procedures, reduce costs, and expand access to overseas markets, ultimately fostering economic development. By adopting the ATA Carnet system, Armenia streamlines customs procedures for temporary imports, benefiting businesses involved in exhibitions, fairs, and professional equipment movement. This move is expected to enhance trade facilitation, making it easier and more efficient for Armenian companies to engage in global commerce and attract foreign investment. The convention's implementation promises to boost Armenia's competitiveness in the international arena.

01/26/2026 Customs Knowledge
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Nigeria Customs Modernizes Trade with Improved Ruling System

Nigeria Customs Modernizes Trade with Improved Ruling System

Nigeria Customs is set to launch an “Advance Ruling” program to streamline customs clearance procedures and improve efficiency. This initiative aims to facilitate trade, achieve mutual benefits for all stakeholders, and contribute to economic development. The implementation of the Advance Ruling System is expected to provide traders with greater certainty and predictability regarding the classification, origin, and valuation of goods before importation, thereby reducing delays and costs associated with customs clearance. This will ultimately boost trade volumes and enhance Nigeria's competitiveness in the global market.

01/26/2026 Customs Knowledge
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Global Firms Adapt Expansion Strategies Amid Market Shifts

Global Firms Adapt Expansion Strategies Amid Market Shifts

The global overseas environment is shifting towards "rules and costs," requiring companies to focus on structural trade opportunities, refined financial management, and energy transformation. This report analyzes trade shifts, interest rate paths, freight rates, and cost variables. It proposes differentiated strategies for regions like North America, Europe, Southeast Asia, and the Gulf, emphasizing compliance, supply chain optimization, and energy storage chain deployment. This aims to help businesses seize growth opportunities amidst global changes. Companies should focus on cost-effective solutions and adapt to evolving regulations to succeed.

01/26/2026 Logistics Industry Insights
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