Tonga Customs Upgrades Audit System with WCO Backing

Tonga Customs Upgrades Audit System with WCO Backing

The World Customs Organization (WCO) conducted a post-clearance audit diagnostic mission in Tonga to help the country optimize its post-clearance audit system and promote trade facilitation. Through in-depth discussions with Tongan Customs and external stakeholders, WCO experts provided professional guidance to help Tongan Customs improve efficiency, reduce business costs, and inject new impetus into Tonga's economic development. The mission aims to enhance Tonga's customs procedures and contribute to a more streamlined and efficient trade environment.

Oman Boosts Trade with Wcobacked Advance Ruling System

Oman Boosts Trade with Wcobacked Advance Ruling System

The World Customs Organization (WCO) supports Oman in establishing an advance ruling system for commodity classification and origin, providing technical guidance through workshops. This system aims to enhance trade transparency and predictability. Oman is actively improving its legal framework, standardizing operational procedures, strengthening information management, and enhancing capacity building to promote trade facilitation. The implementation of advance rulings is a key step in streamlining customs processes and fostering a more efficient trade environment for businesses operating in and with Oman.

Comptia Calls for Global Digital Trade System Overhaul

Comptia Calls for Global Digital Trade System Overhaul

CompTIA urges the World Customs Organization (WCO) to optimize the Harmonized System (HS) to adapt to the rapidly evolving business landscape. Recommendations include revisiting valuation criteria, shortening review cycles, increasing private sector involvement, and providing explanatory notes free of charge. These suggestions aim to facilitate the digital transformation of global trade by ensuring the HS accurately reflects modern goods and services. Updating the HS is crucial for efficient customs procedures and smooth international commerce in the digital age.

Gambia Revenue Authority Enhances Trade Via WCO Partnership

Gambia Revenue Authority Enhances Trade Via WCO Partnership

The Gambia Revenue Authority (GRA) is collaborating with the World Customs Organization (WCO) to enhance its national performance measurement system through the implementation of the WCO Performance Measurement Mechanism (PMM), better serving its 2025-2029 strategic plan. This collaboration focuses on trade facilitation measures, such as the AEO program, coordinated border management, and automation, aiming to create a more efficient, transparent, and predictable trading environment, ultimately fostering economic development in The Gambia.

Bahrain Customs Boosts Clearance Efficiency with WCO Support

Bahrain Customs Boosts Clearance Efficiency with WCO Support

Bahrain Customs is collaborating with the WCO to enhance clearance efficiency, reduce trade costs, and promote trade facilitation by establishing a robust post-clearance audit mechanism and building a pre-clearance system. A WCO expert team held a workshop in Bahrain, providing professional training to Bahrain Customs officials to help them achieve their trade facilitation goals. This collaboration aims to streamline customs processes and contribute to a more efficient and competitive trading environment for Bahrain.

Rwanda Customs Streamlines Cargo Transit Compliance

Rwanda Customs Streamlines Cargo Transit Compliance

Rwanda Customs implements cargo transit supervision to ensure imported goods comply with regulatory requirements. This mechanism allows goods to be transferred from one port of entry to another customs office under customs control. It streamlines processes, enhances efficiency, and safeguards cargo security and compliance, ultimately promoting trade development. The supervision ensures proper documentation and handling during transit, minimizing risks of smuggling or illegal activities. This contributes to a more transparent and efficient customs clearance system in Rwanda.

Saudi Customs Adopts WCO Data System to Boost Efficiency

Saudi Customs Adopts WCO Data System to Boost Efficiency

Saudi Arabia, in collaboration with the World Customs Organization (WCO), aims to enhance customs efficiency and facilitate trade by building a data-driven performance evaluation system, supporting the Saudi Vision 2030. The WCO's Performance Measurement Mechanism (PMM) and workshops assist Saudi Customs in identifying areas for improvement and building a team of experts to promote knowledge sharing and international cooperation. This initiative leverages data to optimize customs processes and contribute to Saudi Arabia's ambitious economic diversification goals.

Madagascar Customs Boosts Classification Skills for Advance Ruling System

Madagascar Customs Boosts Classification Skills for Advance Ruling System

The World Customs Organization (WCO) held a capacity building workshop in Madagascar to enhance customs officers' skills in goods classification and lay the groundwork for the implementation of an advance ruling system. Funded by the EU-WCO Africa Coordination Programme, the workshop aimed to support the Madagascar Customs in establishing an advance ruling mechanism and promoting trade facilitation. The initiative is expected to improve the predictability and efficiency of customs procedures, ultimately benefiting businesses and contributing to economic growth.

Mings Architecture Conducts Fire Drill to Boost Safety Measures

Mings Architecture Conducts Fire Drill to Boost Safety Measures

On June 26th, Yin Zhi Ming Company held a semi-annual fire drill to enhance fire safety awareness among all employees and strengthen the foundation of work safety. The drill included fire safety knowledge lectures, fire extinguisher practice, and fire hose usage demonstrations, emphasizing daily safety hazard investigation and closed-loop management. This exercise effectively tested the company's emergency management system. The company will continue to deepen the construction of a long-term fire safety mechanism in the future.

Ibans Role in So Tom and Prncipes Banking System

Ibans Role in So Tom and Prncipes Banking System

This article analyzes the composition of the International Bank Account Number (IBAN) in São Tomé and Príncipe, including the country code, check digits, and Basic Bank Account Number (BBAN). It emphasizes the significance of IBAN in international remittances and highlights important considerations for its use.