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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amazon Expands in Key Location Boosting Local Economy Amazon Is Reportedly Expanding Its Operations in a Strategic Location Signaling Potential Economic Growth and Job Creation The Move Aligns with the Companys Broader Investment Strategy Thou

amazon Expands in Key Location Boosting Local Economy Amazon Is Reportedly Expanding Its Operations in a Strategic Location Signaling Potential Economic Growth and Job Creation The Move Aligns with the Companys Broader Investment Strategy Thou

Amazon's first-time purchase of Boeing 767 aircraft marks a significant shift in its aviation strategy, breaking away from its long-standing leasing model. This move likely aims to reduce operational costs, enhance operational control, and increase its long-term investment in the air cargo business. Looking ahead, Amazon may be building a more diversified and flexible air cargo system.

01/20/2026 Logistics
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Thule Air Base Bolsters Arctic Defense and Research

Thule Air Base Bolsters Arctic Defense and Research

Thule Air Force Base, located in Greenland, is a significant medium-sized airport with the IATA code THU. In addition to its military functions, it also supports civil aviation, primarily serving areas such as Qaanaaq and Svay Rieng. The base features two runways, each extending up to 9,997 feet, and is increasingly recognized for its strategic value in international security and research.

08/04/2025 Airport Codes
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Smart Warehousing Boosts Supply Chain Efficiency for Businesses

Smart Warehousing Boosts Supply Chain Efficiency for Businesses

This article analyzes the significant transformations in warehouse automation over the past decade, including the deep integration of intelligence and automation, strategic shifts in companies, and how mergers and acquisitions are reshaping the industry landscape. In the future, an open software ecosystem will become central to corporate competition, with successful companies prioritizing the enhancement of operational quality and meeting customer demands.

08/05/2025 Warehousing
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Icelands Hafnarfjordur Port Emerges As Key Nordic Shipping Hub

Icelands Hafnarfjordur Port Emerges As Key Nordic Shipping Hub

Hafnarfjörður Port is a crucial maritime hub in Iceland, located in the Greater Reykjavik area, offering comprehensive port services and diverse berth options. The Icelandic shipping market holds significant potential, making investment in this port a strategic choice for connecting Europe and the Arctic region. This allows for expanding trade routes, optimizing supply chains, and participating in port infrastructure development.

09/29/2025 Port Encyclopedia
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Trincomalee Emerges As Key Indian Ocean Maritime Hub

Trincomalee Emerges As Key Indian Ocean Maritime Hub

Trincomalee is a significant port city in northeastern Sri Lanka, boasting a natural harbor and strategic location. This port integrates military, commercial, and fishing activities. With excellent water depth suitable for large vessels, it serves as a crucial link connecting Sri Lanka to the world. Furthermore, Trincomalee is a popular tourist destination, attracting visitors with its scenic beauty and historical significance.

09/29/2025 Port Encyclopedia
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Ponta Delgada Emerges As Key Azores Port for EU Trade

Ponta Delgada Emerges As Key Azores Port for EU Trade

The Port of Ponta Delgada, located in the Azores archipelago of Portugal, is a crucial maritime hub connecting Europe, North America, and Africa. The port offers 24-hour pilotage services and boasts comprehensive facilities, including ship repair, bunkering, and provisioning, while adhering to strict environmental regulations. Its strategic location and complete range of services make it an ideal gateway to the European market.

09/29/2025 Port Encyclopedia
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Horta Azores Port Gains Traction As European Shipping Hub

Horta Azores Port Gains Traction As European Shipping Hub

Horta Port, located in the Azores archipelago of Portugal, serves as a vital link for European shipping. The port boasts excellent water depth, professional pilotage services, and convenient communication facilities. It also offers comprehensive services, including ship repair and medical assistance. While some facilities require upgrades, its strategic location and existing advantages make it an ideal choice for shipping companies.

09/29/2025 Port Encyclopedia
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Flexport Buys Convoy Tech to Boost Global Logistics

Flexport Buys Convoy Tech to Boost Global Logistics

Flexport's sale of the Convoy platform, coupled with the acquisition of its technology, signals its ambition to create a one-stop global logistics service. By focusing on core business, strengthening trucking capabilities, and reducing operational costs, Flexport aims to meet customers' comprehensive logistics needs. This strategic move is intended to further realize Flexport's vision of providing end-to-end global logistics solutions.

11/03/2025 Logistics Industry Insights
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Logistics Integration The Path to Efficient Transportation

Logistics Integration The Path to Efficient Transportation

This article explores the necessity and feasibility of integrating dedicated line logistics enterprises, emphasizing three key elements of large corridor construction: scale, fluidity, and strategic direction. Insights from industry leaders highlight the importance of aligning corporate culture and values, as well as how to achieve profit-sharing and risk-sharing during integration. This provides a new development direction for the logistics industry.

07/23/2025 Logistics
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