World Customs Organization Explains Global Trade Classification System

World Customs Organization Explains Global Trade Classification System

The 59th session of the World Customs Organization (WCO) Harmonized System Committee (HSC) reviewed and released a series of commodity classification opinions, Harmonized System Explanatory Notes revisions, and classification rulings. These decisions directly impact global trade. This article provides an in-depth interpretation of the meeting's outcomes, focusing on newly added commodity classification cases. It also offers practical advice for import and export companies on utilizing HS classification decisions, aiming to help businesses better understand HS codes and enhance their global trade competitiveness.

01/05/2026 HS Code Query
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Bolivia Boosts Trade with WCO Origin Predetermination Support

Bolivia Boosts Trade with WCO Origin Predetermination Support

The WCO is assisting Bolivia in enhancing its Origin Advance Ruling (OAR) capabilities. This initiative aims to promote trade facilitation, enabling Bolivia to better integrate into global value chains and strengthen its export competitiveness. By improving OAR processes, Bolivia can provide greater certainty and predictability to traders, reducing delays and costs associated with customs procedures. This collaboration with the WCO supports Bolivia's efforts to streamline trade, attract investment, and ultimately boost its economic growth through increased participation in international trade.

01/05/2026 Customs Knowledge
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Brexit 10 Key Steps for Businesses As Transition Ends

Brexit 10 Key Steps for Businesses As Transition Ends

With the Brexit transition period ending soon, businesses need to be prepared. This article provides a checklist covering ten key areas, including customs compliance, operational impact, import/export licenses, VAT compliance, and supply chain risks. It aims to help businesses navigate the changes brought about by Brexit and ensure continued business success. The checklist offers a framework for companies to assess their readiness and implement necessary adjustments to mitigate potential disruptions and maintain operational efficiency in the post-Brexit environment.

01/05/2026 Customs Knowledge
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Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova Advances Customs Reform with SECOWCO Aid Targets 2026 TRS

Moldova, with the support of the SECO-WCO Global Trade Facilitation Programme, held a virtual Time Release Study (TRS) workshop to assess clearance times and develop a national implementation roadmap. The goal is to complete the TRS report by January 2026, covering import and export processes, and to make it available to all stakeholders. The WCO pledged continued technical support to help Moldova improve trade facilitation and promote economic development. The TRS aims to identify bottlenecks and recommend improvements to streamline border procedures.

12/30/2025 Customs Knowledge
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Ocean Freight Rates Drop Reshaping Crossborder Ecommerce

Ocean Freight Rates Drop Reshaping Crossborder Ecommerce

Ocean freight rates have plummeted, posing challenges for cross-border e-commerce. Excess capacity and decreased demand have led to significant price drops, putting pressure on sellers' costs and intensifying competition. The overseas expansion of domestic e-commerce giants further exacerbates the 'involution' in foreign markets. While import e-commerce cools down, the export market faces fierce competition, making future development uncertain. Sellers must adapt to the changing market dynamics and explore new strategies to maintain profitability and competitiveness in this volatile environment.

01/04/2026 Logistics Industry Insights
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Tiktok Hits 300M Revenue Despite Global Economic Strain

Tiktok Hits 300M Revenue Despite Global Economic Strain

TikTok's global revenue exceeded $300 million in August, with China being a major contributor. Meanwhile, Russia adjusted grain export tariffs, and France experienced soaring prices for everyday consumer goods, especially frozen meats. While Spain saw a slight easing of inflation, it remains high. Russian e-commerce platform Wildberries lowered seller commissions to encourage faster delivery. The global economy is complex and intertwined, presenting both challenges and opportunities. This highlights the diverse economic pressures and strategic adjustments occurring across different regions and sectors.

01/06/2026 Logistics Industry Insights
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Chinese DTC Brands Expand Globally Via New Markets and Digital Tactics

Chinese DTC Brands Expand Globally Via New Markets and Digital Tactics

Chinese DTC brands face significant opportunities going global. This paper explores how to capture new export trends from three dimensions: new markets, new categories, and new traffic. Expanding into emerging markets, leveraging social media conversations, and tapping into the product selection advantages of China's industrial clusters are key for Chinese companies to succeed in the global market. By focusing on these areas, DTC brands can effectively navigate the challenges and capitalize on the growing demand for high-quality, innovative products worldwide.

01/06/2026 Logistics Industry Insights
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Supply Chain Woes Push Firms to Optimize Foreigntrade Zones

Supply Chain Woes Push Firms to Optimize Foreigntrade Zones

With increasing global supply chain disruptions, US Foreign Trade Zones (FTZs) are gaining attention as a strategic tool. This paper analyzes the operational mechanisms and advantages of FTZs, including tariff reductions, streamlined processes, cost savings, and support for re-export. Businesses need careful planning and management, selecting the appropriate FTZ location, optimizing logistics and inventory management, and monitoring policy changes to fully leverage the potential of FTZs. By doing so, they can address supply chain challenges and enhance competitiveness in the global market.

01/28/2026 Logistics Industry Insights
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Affordable Ocean Freight Tips for Shipping Toys to Singapore

Affordable Ocean Freight Tips for Shipping Toys to Singapore

This article details the calculation methods for sea freight costs when shipping toys to Singapore. It covers factors influencing freight costs, such as volume, weight, packaging, and shipping method. The article also provides the freight calculation formula and answers frequently asked questions. The aim is to help readers understand the composition of sea freight costs, choose the appropriate shipping solution, save costs, and ensure the safe delivery of toys. This guide provides practical information for businesses involved in the toy export industry.

01/26/2026 Logistics Encyclopedia
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Customs Tightens Rules on Fraudulent Trade Practices

Customs Tightens Rules on Fraudulent Trade Practices

This paper reveals common types of false trade, such as buying export permits, contract fraud, and entrepot trade. It delves into how customs authorities rigorously investigate false trade through risk alerts, document review, and technological empowerment. It emphasizes the need for joint efforts between customs and enterprises to address challenges and promote the healthy development of global trade. By strengthening cooperation and vigilance, both parties can mitigate trade risks and ensure compliance, fostering a more secure and transparent international trade environment.

01/26/2026 Customs Knowledge
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