Customs Valuation and Transfer Pricing Align for Multinationals

Customs Valuation and Transfer Pricing Align for Multinationals

The World Customs Organization (WCO) and the OECD jointly held a seminar in Pretoria, focusing on the nexus between customs valuation and transfer pricing. The conference promoted cooperation between tax and customs authorities, exploring the application of transfer pricing studies in customs valuation. It emphasized information sharing, aiming to build a fairer international trade environment. Discussions centered on how transfer pricing methodologies can inform customs valuation practices, ensuring accurate and equitable assessment of goods for duty purposes. The initiative seeks to enhance transparency and combat illicit financial flows related to trade.

12/30/2025 Customs Knowledge
Read More
Ukraine Customs Academy Becomes Key EU Officer Training Hub

Ukraine Customs Academy Becomes Key EU Officer Training Hub

The World Customs Organization (WCO) has established a European Regional Training Center in Ukraine to enhance the capacity of customs officials in the European region, promoting trade facilitation and security. The Ukrainian Customs Academy was designated as the location for the training center, and a Memorandum of Understanding was signed with the WCO. The center will provide high-quality training courses covering various aspects of customs management, helping European customs administrations address international trade challenges and build efficient and secure customs systems. This initiative strengthens regional cooperation and supports effective customs practices.

12/30/2025 Customs Knowledge
Read More
Royal Air Maroc Expands African Air Logistics Network

Royal Air Maroc Expands African Air Logistics Network

Royal Air Maroc serves as a vital air hub connecting Africa to global markets, offering comprehensive air logistics solutions through its extensive network, innovative digital tools, and robust operational capabilities. The company excels in fleet capacity, route network, specialized cargo transportation, digital services, customer service, and sustainable development. Royal Air Maroc is committed to creating value for global trade partners and solidifying its industry leadership position by providing reliable and efficient air freight services across the African continent and beyond. Their focus remains on facilitating seamless cross-border trade.

01/04/2026 Airlines
Read More
Russia Shifts to Ruble Settlements As Markets Adapt

Russia Shifts to Ruble Settlements As Markets Adapt

The Russian economy is undergoing a profound transformation, with the rise of RMB settlement and reshaping of the consumer electronics market. Parallel import policies continue, retail trade fluctuates, and trade channels shift. Western companies are withdrawing, exacerbating logistical challenges. Russia is actively responding to these challenges by deepening cooperation with Eastern countries, promoting economic diversification, and pursuing modernization. This involves adapting to new market dynamics and building resilience in the face of external pressures. The focus is on fostering sustainable growth and strengthening its position in the global economy.

01/06/2026 Logistics
Read More
China Post EMS Enhances Export Logistics for Cost Efficiency

China Post EMS Enhances Export Logistics for Cost Efficiency

This paper reveals how foreign trade enterprises can leverage the official China Post website and EMS postal official website to build a standardized logistics system, achieving an 18% reduction in sample delivery costs and improving the stability of bulk order fulfillment to 92%. It emphasizes the advantages of official channels in terms of transparent pricing, stable delivery times, and compliance assurance, as well as their important role in after-sales risk control and customs clearance for special categories. This provides foreign trade enterprises with a logistics solution for cost reduction and efficiency improvement.

01/26/2026 Logistics Industry Insights
Read More
WTO Aids Bolivia in Strengthening Customs Resilience During Pandemic

WTO Aids Bolivia in Strengthening Customs Resilience During Pandemic

The World Trade Organization's Global Programme on Trade Facilitation (PMFE) organized stress management and psychological support training for Bolivian customs officers to help them cope with the challenges posed by the pandemic. The training included online assessments, knowledge dissemination, and offline workshops, focusing on work-life balance and enhancing psychological resilience. Following the training, customs officers acquired stress management skills, and the expert team proposed establishing a regular stress management mechanism. This initiative aimed to improve the well-being and effectiveness of customs personnel during a demanding period.

02/02/2026 Customs Knowledge
Read More
Ouda Launches Digital Smart Warehouse for Global Logistics

Ouda Launches Digital Smart Warehouse for Global Logistics

New Ouda Overseas Warehouse was recognized at the Qingdao Foreign Trade Industry Summit for its outstanding global network and service capabilities. Through data-driven global deployment and digitally empowered operations, New Ouda continuously improves cross-border logistics efficiency. It is committed to building a high-quality global logistics ecosystem, assisting Chinese brands in going global, and providing a practical model for the high-quality development of national foreign trade. The company leverages smart technology to optimize warehouse management and delivery processes, ensuring faster and more reliable service for its clients.

02/03/2026 Logistics
Read More
Global Customs Body Firms Partner on Disruptive Tech

Global Customs Body Firms Partner on Disruptive Tech

The 44th meeting of the World Customs Organization (WCO) Private Sector Consultative Group (PSCG) focused on the impact of disruptive technologies on the customs environment. It emphasized strengthening customs-private sector cooperation to address cross-border e-commerce challenges, piloting information exchange, and establishing regional organizations. Discussions covered topics such as combating counterfeit goods, global connectivity, the WCO Academy, and trade platforms. The meeting aimed to promote trade facilitation and sustainable economic development by addressing the evolving landscape and fostering collaboration between customs authorities and the private sector.

02/03/2026 Customs Knowledge
Read More
WCO Advocates Techdriven Border Solutions at WTO Forum

WCO Advocates Techdriven Border Solutions at WTO Forum

The World Customs Organization (WCO) held a thematic session at the WTO Public Forum, exploring how cutting-edge technologies like blockchain and AI can empower customs and border management to facilitate trade. The session focused on the challenges and opportunities of technology adoption, and how customs administrations can develop technology strategies to embrace technological change. The goal is for customs to play a more significant role in the digital transformation of global trade. Discussions highlighted the importance of collaboration and knowledge sharing to maximize the benefits of these technologies.

02/03/2026 Customs Knowledge
Read More
YTO Cargo Expands to Bangladesh with New Changshadhaka Route

YTO Cargo Expands to Bangladesh with New Changshadhaka Route

YTO Cargo Airlines launched its first South Asian route, Changsha-Dhaka, connecting Central China with Bangladesh, facilitating cross-border e-commerce and fresh produce trade. YTO Cargo Airlines will also increase the frequency of international routes originating from Changsha, establish a regional headquarters in Central China, and enhance customer cooperation through the GBP project. YTO Cargo Airlines continues to expand, contributing to the Belt and Road Initiative and promoting global trade prosperity. This new route signifies YTO's commitment to expanding its network and supporting economic growth in the region.

02/03/2026 Logistics
Read More