WTO Moves to Standardize Global Customs Valuation Rules

WTO Moves to Standardize Global Customs Valuation Rules

The 1983 Customs Valuation Committee Decision clarified that the English term "undertaken" in the Customs Valuation Agreement should be interpreted as "carried out." This aims to standardize international trade terminology, enhance the accuracy and consistency of customs valuation, reduce the risk of trade disputes, and facilitate international trade. The French and Spanish versions of the term remain unchanged. This clarification ensures a more uniform application of the agreement across different language versions, promoting fairness and predictability in international trade transactions.

02/02/2026 Customs Knowledge
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Japan Fund Enhances Fiji Customs Training

Japan Fund Enhances Fiji Customs Training

Sponsored by the Japan Customs Cooperation Fund, Fiji hosted a sub-regional HS Harmonized System training course aimed at enhancing the commodity classification skills of customs officers from Pacific Island countries. The training emphasized practical application and communication. It recommended that countries continuously strengthen capacity building, improve classification infrastructure, introduce advance ruling systems, and enhance internal and cross-border communication to promote regional trade development. The course focused on improving skills to correctly classify goods under the HS system.

12/30/2025 Customs Knowledge
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Amazon Adds Store Links to Brand Video Ads for Better Engagement

Amazon Adds Store Links to Brand Video Ads for Better Engagement

Amazon is upgrading its video ads, allowing direct links to brand stores and sub-pages. This update aims to help sellers refine their operations, improve brand awareness, and boost sales. By enabling direct navigation to specific product pages or brand sections, Amazon empowers sellers to create more targeted and effective campaigns. This enhancement facilitates a more seamless shopping experience for customers and provides sellers with greater control over their brand presence and marketing strategies within the Amazon ecosystem.

01/05/2026 Logistics Industry Insights
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US Service Sector Growth Slows in February ISM

US Service Sector Growth Slows in February ISM

The ISM report indicates continued growth in the US service sector in February, albeit at a slower pace. Most industries experienced growth, while real estate faced pressure. Sub-indicators presented a mixed picture, leading to cautious optimism among experts. The report highlights the ongoing impacts of the pandemic, supply chain challenges, and labor shortages. It provides valuable economic signals for investors, reflecting a nuanced picture of the current economic landscape and potential future trends in the service sector.

01/19/2026 Logistics Industry Insights
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US Service Sector PMI Signals Economic Slowdown

US Service Sector PMI Signals Economic Slowdown

The US Services PMI unexpectedly fell below 50 in April, ending a 15-month expansion and raising concerns about an economic recession. The report's detailed breakdown of sectors and service sub-indicators reveals issues such as weak employment and persistent inflationary pressures. Experts suggest the pullback may be temporary, but caution against overlooking potential risks. The unexpected contraction in the services sector, a significant contributor to the US economy, warrants close monitoring for signs of a broader economic slowdown.

01/20/2026 Logistics Industry Insights
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Guide to SNF and SVSP Airport Codes Explained

Guide to SNF and SVSP Airport Codes Explained

This article reveals the IATA code SNF and ICAO code SVSP for Sub Teniente Nestor Arias Airport in Venezuela. It explains the different uses of these two codes in the aviation field, making it easier for readers to query flight information and plan their trips. The IATA code is primarily used for passenger-facing systems, while the ICAO code is used for air traffic control and other operational purposes. Knowing these codes can significantly simplify air travel logistics.

01/27/2026 Airport Codes
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US Service Sector Hits Record High Amid Strong Economic Growth

US Service Sector Hits Record High Amid Strong Economic Growth

The U.S. ISM Non-Manufacturing Index (NMI) surged to 58.6 in August, a record high, according to the Institute for Supply Management. This is well above the expansion/contraction threshold and the past 12-month average, signaling the 44th consecutive month of growth in the U.S. non-manufacturing sector, providing strong momentum for economic expansion. All sub-indexes performed strongly, reflecting overall economic health. However, this could also exacerbate inflationary pressures, which the Federal Reserve will likely monitor closely.

01/28/2026 Logistics Industry Insights
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US Service Sector Expands Strongly in January ISM Report

US Service Sector Expands Strongly in January ISM Report

US service sector activity rebounded strongly in January, with the Services PMI returning to expansionary territory. Industry performance was mixed, but sub-indices showed broad-based improvement. Supply chain bottlenecks and inflationary pressures persist, potentially slowing future growth. Recommendations include alleviating supply chain issues, controlling inflation, supporting innovation, optimizing the business environment, and strengthening workforce training to promote sustained recovery in the service sector. These measures are crucial for fostering a healthy and resilient service economy.

01/30/2026 Logistics Industry Insights
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Global Air Freight Rules Key Labeling Tips for Smooth Shipping

Global Air Freight Rules Key Labeling Tips for Smooth Shipping

In international air freight, proper labels and shipping marks are crucial for smooth transportation. This article details the labeling standards for air freight, including master and sub-labels, and the specifications for shipping marks. It covers mandatory information, material requirements, and placement guidelines. Furthermore, it compares and contrasts labels and shipping marks, aiming to help shippers avoid cargo delays or losses caused by labeling issues. Proper adherence to these standards ensures efficient and compliant air freight operations.

01/30/2026 Logistics Encyclopedia
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