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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US Retailers Face Import Surge As Tariff Uncertainty Persists

US Retailers Face Import Surge As Tariff Uncertainty Persists

The US retail supply chain, though relieved by the port labor agreement, faces increased import volumes due to anticipated tariff hikes. A report indicates retailers are stockpiling goods in advance, providing short-term benefits but potentially shifting costs to consumers in the long run. Import volume forecasts for the coming months are mixed, requiring retailers to closely monitor policy changes and flexibly adjust their supply chain strategies. This proactive approach is crucial to mitigating the potential negative impacts of tariffs and maintaining competitive pricing.

01/27/2026 Logistics
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HS Code 34024220 Key to Global Fats Trade Expansion

HS Code 34024220 Key to Global Fats Trade Expansion

This paper focuses on HS code 34024220, analyzing tariff barriers and opportunities in the import and export trade of animal/vegetable/microbial oils and fats. Accurate understanding of HS codes helps companies avoid compliance risks, optimize tariff costs, and improve supply chain efficiency, ultimately leading to profit growth. By thoroughly understanding product ingredients, consulting official guidelines, and seeking professional assistance, businesses can ensure accurate classification and gain a competitive advantage in trade. Precise HS code classification is crucial for tariff optimization and compliant international trade.

01/27/2026 HS Code Query
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Proper HS Code Classification Crucial for Cereal Germ Trade

Proper HS Code Classification Crucial for Cereal Germ Trade

HS Code 110430 specifically refers to cereal germ, whole, rolled, flaked, or ground. Accurate classification under this code is crucial for businesses, impacting tariff payments, regulatory compliance, and supply chain efficiency. Companies need a thorough understanding of the code's scope, customs regulations, and specific rules in different countries or regions. Utilizing tariff simulation tools for analysis can optimize trade strategies, reduce costs, and enhance competitiveness in the international market. Proper classification ensures accurate duty assessment and smooth customs clearance, contributing to overall business success.

01/27/2026 HS Code Query
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US Air Freight Gains Traction for Crossborder Ecommerce Efficiency

US Air Freight Gains Traction for Crossborder Ecommerce Efficiency

This article provides an in-depth analysis of US air freight lines, covering timelines, price structures, and cost optimization. It offers a detailed comparison between air-truck delivery and dedicated air freight lines, revealing key factors affecting delivery speed and hidden costs. Tailored air freight solutions are provided for various scenarios, including new product testing, peak season replenishment, and clearance of slow-moving inventory. Practical advice is offered on selecting freight forwarders, helping cross-border e-commerce sellers achieve the optimal balance between speed and cost.

01/26/2026 Logistics
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GT Nexus Capgemini Partner to Streamline Global Supply Chains Via Cloud

GT Nexus Capgemini Partner to Streamline Global Supply Chains Via Cloud

GT Nexus and Capgemini have partnered to create supply chain collaborative orchestration capabilities by integrating cloud technology and BPO, aiming to break down information silos and achieve end-to-end visibility. Businesses can benefit from process control, improved efficiency, and reduced costs. This initiative accelerates supply chain digital transformation, providing crucial support for businesses to win in the competition. The cloud-based approach enables real-time data sharing and improved decision-making across the entire supply chain network, ultimately leading to a more resilient and agile operation.

01/26/2026 Logistics Industry Insights
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