Paperless Export Clearance Boosts Global Trade Efficiency

Paperless Export Clearance Boosts Global Trade Efficiency

This paper delves into paperless export release, highlighting its advantages such as improved customs clearance efficiency and reduced operating costs. It details the preparations and considerations for implementing paperless export release, aiming to help companies better understand and utilize paperless customs clearance policies. By streamlining processes and minimizing paperwork, this approach significantly enhances customs clearance efficiency, fostering foreign trade development and reducing delays associated with traditional paper-based procedures. The study emphasizes the importance of digital infrastructure and data security for successful implementation.

Key Freight Terms and Cargo Handling in Global Trade Explained

Key Freight Terms and Cargo Handling in Global Trade Explained

This paper delves into critical aspects of freight forwarding practice, including the significance of the Bill of Lading's declared value, the basis for cargo damage claims, the definition of non-containerized shipments, customs clearance procedures, the distinction between 'first release' and 'second release', the concepts of LCL consolidation and cooperative stuffing, and the division of responsibilities between buyers and sellers under DDU terms. It aims to provide practical guidance for professionals in the foreign trade industry, clarifying key operational procedures and liabilities.

Cape Verde Customs Modernizes with WCO Support

Cape Verde Customs Modernizes with WCO Support

The WCO, through the WACAM project, is assisting Cape Verde Customs in optimizing customs clearance procedures. A Time Release Study (TRS) was conducted to improve trade efficiency, reduce costs, and attract investment. The TRS aims to identify bottlenecks in the clearance process and provide recommendations for streamlining procedures. This initiative supports Cape Verde's efforts to enhance its competitiveness and integrate more effectively into the global trading system. The focus is on faster release times, which directly benefits businesses and promotes economic growth.

Cape Verde Customs Boosts Trade Efficiency with Wcobacked Study

Cape Verde Customs Boosts Trade Efficiency with Wcobacked Study

The World Customs Organization (WCO), through the WACAM project, supported Cape Verde Customs in preparing its first Time Release Study (TRS) to improve clearance efficiency and comply with the WTO Trade Facilitation Agreement. A workshop facilitated collaboration between customs officials and stakeholders, leading to the development of an action plan. This initiative not only enhances trade facilitation in Cape Verde but also provides a valuable reference for other developing countries. The TRS aims to identify bottlenecks and streamline processes for faster goods release.

South Korea Proposes Faster Customs to Boost Global Trade

South Korea Proposes Faster Customs to Boost Global Trade

South Korea has submitted a proposal aimed at optimizing global cargo release times and enhancing trade facilitation. The core elements include regularly publishing cargo release times, continuously reducing these times, providing special and differential treatment, and promptly notifying parties of any delays and their reasons. This initiative is expected to improve trade efficiency, enhance transparency, promote fair trade, and ultimately deliver tangible benefits to businesses. The proposal seeks to streamline processes and create a more predictable and efficient international trade environment.

Study Aims to Reduce Border Delays Between South Africa and Eswatini

Study Aims to Reduce Border Delays Between South Africa and Eswatini

South Africa and Eswatini launched a Time Release Study (TRS) at the Oshoek-Ngwenya border, aiming to improve cross-border trade efficiency by identifying and addressing bottlenecks in goods clearance through data analysis. Supported by the WCO, the study is expected to release a report in April 2024, providing recommendations for improvement. The TRS seeks to promote trade development and optimize border management between the two countries. The results will inform strategies to streamline processes and reduce delays, ultimately boosting economic activity.

Shanghaiphilippines Trade Streamlined with Dutypaid Logistics

Shanghaiphilippines Trade Streamlined with Dutypaid Logistics

DDP (Delivered Duty Paid) shipping service from Shanghai to the Philippines, providing a one-stop solution covering international transportation, customs declaration and inspection, customs clearance, tax payment, and domestic delivery. With a professional team, efficient operation, and safety guarantee, we help businesses reduce logistics costs and expand into the Philippine market. Our transparent operation process ensures customers save time, money, and effort.

01/26/2026 Logistics
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Alibaba Launches Tongyi Qianwen AI Model

Alibaba Launches Tongyi Qianwen AI Model

Alibaba released its first ultra-large-scale language model, "Tongyi Qianwen," demonstrating its strong capabilities in the field of natural language processing. This article introduces the technical parameters and abilities of "Tongyi Qianwen," as well as its self-generated press release. It also attempts a preliminary comparison with "Wenxin Yiyan" (ERNIE Bot), and looks forward to the future development of domestic large language models. This release signifies a major step forward in China's AI landscape and highlights the increasing competition in the large language model arena.

Vanuatu Customs Boosts Trade with WCO Efficiency Study

Vanuatu Customs Boosts Trade with WCO Efficiency Study

The World Customs Organization (WCO) supports Vanuatu Customs in implementing a Time Release Study (TRS) aimed at identifying and addressing bottlenecks in goods release, thereby enhancing customs efficiency. Through the TRS, Vanuatu aims to streamline processes, optimize management, and ultimately promote trade facilitation, improve the business environment, and achieve sustainable economic development. The study will help pinpoint specific areas for improvement, leading to more efficient customs procedures and reduced delays for traders. This initiative underscores the WCO's commitment to assisting member states in modernizing their customs operations.

Nicaragua Launches AEO Trade Security Pilot with NORAD Support

Nicaragua Launches AEO Trade Security Pilot with NORAD Support

With support from the Norwegian Agency for Development Cooperation (NORAD) and the World Customs Organization (WCO), Nicaraguan Customs launched an Authorized Economic Operator (AEO) pilot program. This initiative aims to optimize customs procedures and enhance trade security and efficiency through capacity building and Time Release Study (TRS). The program seeks to streamline the flow of goods, reduce release times, and contribute to Nicaragua's economic development by fostering a more secure and efficient trading environment. Ultimately, the AEO program is expected to boost international trade and investment.