Sierra Leone Djibouti Join HS Convention to Streamline Trade

Sierra Leone Djibouti Join HS Convention to Streamline Trade

In 2015, Sierra Leone and Djibouti acceded to the International Convention on the Harmonized Commodity Description and Coding System, becoming the 152nd and 153rd contracting parties. This is significant for both countries, facilitating trade, enhancing international competitiveness, and promoting economic development. The Convention covers over 98% of global trade in goods. Its standardized coding system simplifies trade procedures, enhancing the efficiency, transparency, and standardization of global trade.

01/07/2026 Customs Knowledge
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Live Shopping Gains Traction on Social Platforms in US and Europe

Live Shopping Gains Traction on Social Platforms in US and Europe

The European and American live commerce market has enormous potential and is on the verge of explosive growth. This article focuses on five major platforms: Instagram Live, NTWRK, Whatnot, Shopshops, and Popshop Live, analyzing their characteristics and advantages. It provides sellers with strategies to seize the first-mover advantage in the European and American live commerce market. This includes understanding platform nuances and tailoring content for specific audiences to maximize engagement and sales.

01/04/2026 Logistics Industry Insights
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US Rail Freight Gains in Carloads Dips in Intermodal

US Rail Freight Gains in Carloads Dips in Intermodal

According to the Association of American Railroads, U.S. rail carload traffic increased year-over-year for the week ending January 21st, driven primarily by nonmetallic minerals, coal, and motor vehicle parts. Intermodal traffic, however, decreased compared to the same period last year. Total North American rail traffic experienced a slight decline, reflecting regional economic variations and global economic uncertainties. This data provides insights into the current state of the freight economy and its underlying trends.

01/16/2026 Logistics
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Quinio Drives Ecommerce Brand Aggregation Boom in Latin America

Quinio Drives Ecommerce Brand Aggregation Boom in Latin America

Brand aggregation is emerging in Latin American cross-border e-commerce. Aggregators like Quinio achieve scale by acquiring and operating small and medium-sized brands. This model offers sellers an exit strategy but faces challenges in integration and valuation. Quinio's success lies in its focus on the Latin American market, product-centric approach, and technology-driven operations. Brand aggregation has the potential for broader development prospects in the cross-border e-commerce market.

01/16/2026 Logistics Industry Insights
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WCO Advocates Sustainable Goals at UNCTAD Nairobi Summit

WCO Advocates Sustainable Goals at UNCTAD Nairobi Summit

The WCO reaffirmed its commitment to the SDGs, promoting trade facilitation tools and actively participating in addressing e-commerce challenges. These efforts aim to foster inclusive and equitable global trade. The WCO's focus on sustainable development ensures that trade practices are environmentally sound and socially responsible. By streamlining cross-border transactions and simplifying customs procedures, the WCO facilitates efficient and cost-effective trade for businesses of all sizes, particularly benefiting SMEs. Ultimately, the WCO strives to create a more level playing field in international trade, enabling greater participation and shared prosperity.

01/05/2026 Customs Knowledge
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Peru Boosts Customs Efficiency with Wcobacked Strategy

Peru Boosts Customs Efficiency with Wcobacked Strategy

The WCO assists Peruvian Customs in strategic planning, enhancing efficiency and services, and optimizing the trade environment. Peru's experience offers valuable lessons for developing countries. This collaboration focuses on streamlining customs procedures, reducing trade costs, and improving overall competitiveness. The strategic plan aims to modernize customs operations, promote compliance, and foster a more transparent and predictable trade regime. By implementing best practices and leveraging technology, Peruvian Customs seeks to facilitate legitimate trade while effectively combating illicit activities. The success of this initiative highlights the importance of international cooperation in promoting trade facilitation and economic development.

01/05/2026 Customs Knowledge
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WCO and UN Push for Global Trade Data Standardization

WCO and UN Push for Global Trade Data Standardization

The World Customs Organization (WCO) recommends that its member customs administrations transmit trade data based on the Harmonized System (HS) to the United Nations Statistics Division (UNSD). This aims to promote the standardization and interoperability of global trade data. This initiative is significant for improving data quality, strengthening international cooperation, promoting trade facilitation, and fostering sustainable development. Ultimately, it contributes to building a new landscape for global trade data sharing.

11/03/2025 Customs Knowledge
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Global Trade Experts Gather at WCO Academy in Brussels

Global Trade Experts Gather at WCO Academy in Brussels

The 3rd WCO Knowledge Academy successfully took place in Brussels, gathering 155 customs and trade professionals from 50 countries. The two-week intensive training covered traditional customs topics, trade facilitation, security frameworks, and featured a special “Women in Leadership” workshop. The WCO Secretary General personally presented certificates, recognizing the participants' achievements. The Knowledge Academy promoted international exchange and cooperation in the field of customs and trade, contributing to global trade development.

12/30/2025 Customs Knowledge
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