WCO Aids Guyana in Modernizing Customs Procedures

WCO Aids Guyana in Modernizing Customs Procedures

The World Customs Organization (WCO) provides strategic support to the Guyana Revenue Authority (GRA) to facilitate customs modernization and compliance with the WTO's Trade Facilitation Agreement. This support involves assessing the GRA's current state, identifying challenges, and recommending improvements. The initiative aims to enhance the GRA's operational efficiency and contribute to Guyana's economic development. This demonstrates the WCO's active role in promoting global trade facilitation.

01/07/2026 Customs Knowledge
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Ukraine Advances Customs Modernization to Boost Trade Efficiency

Ukraine Advances Customs Modernization to Boost Trade Efficiency

The State Fiscal Service (SFS) of Ukraine is actively pursuing customs modernization, collaborating with the World Customs Organization (WCO) to develop a strategic planning framework. This framework includes stakeholder analysis, SWOT analysis, vision reshaping, and the establishment of strategic priorities. The initiative aims to enhance customs clearance efficiency, improve the business environment, strengthen risk management, and promote international cooperation. This will contribute significantly to Ukraine's economic development and international trade.

02/03/2026 Customs Knowledge
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New Guidelines Aim to Reduce Risks in Ocean Bills of Lading

New Guidelines Aim to Reduce Risks in Ocean Bills of Lading

This article delves into the key differences between straight and order ocean bills of lading concerning cargo ownership control and release risks. It highlights the advantages of order bills of lading in safeguarding the seller's interests. Providing professional advice on bill of lading selection for various trade scenarios, the aim is to assist exporters in mitigating international trade risks. The analysis focuses on how each type of bill of lading impacts the seller's ability to retain control over the goods and the potential for unauthorized release, ultimately guiding exporters towards informed decisions for secure transactions.

02/12/2026 Document Interpretation
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Exporters Urged to Vet Freight Forwarders to Reduce Trade Risks

Exporters Urged to Vet Freight Forwarders to Reduce Trade Risks

This paper delves into the concept of 'designated forwarder' in international trade, explaining its relationship with trade terms like FOB and EXW. It reveals potential risks and offers coping strategies for exporters. The importance of negotiating trade terms including freight, understanding the designated forwarder's background, and clarifying cost terms are emphasized. The advantages of independently choosing a forwarder are also highlighted. This aims to help exporting companies mitigate risks and gain control in international trade, ultimately empowering them to navigate the complexities of designated forwarder arrangements effectively.

09/26/2025 Logistics Encyclopedia
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Legal Guide Aids Firms in Managing Global Trade Risks

Legal Guide Aids Firms in Managing Global Trade Risks

This paper provides comprehensive legal risk control guidance for enterprises facing international trade risks under complex international economic and trade situations. It covers pre-event customer due diligence, contract optimization, and compliance system construction; mid-event applicable law and jurisdiction responses; and post-event cross-border enforcement remedies. Furthermore, it proposes strategies for dealing with US trade frictions, helping companies to steadily expand overseas. Aiming to provide a practical guide for navigating the complexities of international trade and ensuring compliance while mitigating potential risks.

01/30/2026 Customs Knowledge
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Activ Technologies Aims to Revolutionize Logistics With Realtime Tracking

Activ Technologies Aims to Revolutionize Logistics With Realtime Tracking

Activ Technologies emphasizes the importance of real-time supply chain management and control towers, focusing on US port resilience and freight trends towards 2026. The article highlights the need for businesses to proactively embrace change in their logistics operations. It suggests leveraging technology and strategic planning to navigate evolving challenges and optimize supply chain performance. The control tower concept is presented as a crucial tool for gaining visibility and control across the entire supply chain, enabling proactive decision-making and improved responsiveness to disruptions.

01/28/2026 Logistics
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Switch Bills of Lading Gain Traction in Global Trade

Switch Bills of Lading Gain Traction in Global Trade

This article delves into the unique switch bill of lading (B/L) operation in international trade, explaining its definition, core components (triangular trade and two sets of B/Ls), key conditions, and potential risks. As a hidden trade bridge, switch B/L grants intermediaries greater operational flexibility, but risk control is essential. Understanding the switch B/L mechanism is crucial for all parties involved in international trade. It enables the concealment of the original shipper and consignee, facilitating trade through intermediaries and potentially optimizing logistics and financing. However, potential issues like fraud and discrepancy in goods must be carefully considered.

01/27/2026 Document Interpretation
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Colombia Mexico Boost Customs Risk Management Via GTFP

Colombia Mexico Boost Customs Risk Management Via GTFP

Supported by the WCO-SECO GTFP project, Colombian Customs visited Mexican Customs to learn about risk management practices and enhance its modernization. The visit combined online and offline sessions, focusing on risk identification, assessment, control, departmental collaboration, and IT infrastructure. This cooperation aims to promote trade facilitation and address global trade challenges. The knowledge gained will help Colombia improve its risk management system and contribute to more efficient and secure trade processes.

01/05/2026 Customs Knowledge
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Latin America Streamlines Customs Rulings to Boost Trade

Latin America Streamlines Customs Rulings to Boost Trade

Nineteen Latin American countries gathered to discuss the optimization and implementation of the Customs Advance Ruling (AR) mechanism. The seminar aimed to foster regional cooperation, share best practices, and refine relevant policies and regulations to build a more efficient, transparent, and predictable trade environment. This initiative helps businesses reduce trade risks, improve customs clearance efficiency, and optimize cost control, ultimately promoting economic development and global trade prosperity in the Latin American region.

12/30/2025 Customs Knowledge
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Key Strategies for Profitable Foreign Trade SOHO Startups

Key Strategies for Profitable Foreign Trade SOHO Startups

Based on the experience of a seasoned foreign trade SOHO, this article delves into the key elements for starting a foreign trade SOHO business from scratch and achieving profitability. It emphasizes the importance of omnichannel customer acquisition, establishing a stable supply chain, refined operational management, and strengthened risk control. This article provides practical guidance for individuals interested in pursuing foreign trade SOHO opportunities, offering insights into overcoming challenges and building a successful business.

01/29/2026 Logistics Industry Insights
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