WCO Study Targets Trade Efficiency Through Customs Broker Reform

WCO Study Targets Trade Efficiency Through Customs Broker Reform

The World Customs Organization (WCO) published the 'Study Report on Customs Brokers' aiming to improve global customs broker standards. The report outlines the role of brokers in international supply chains, provides policy and organizational recommendations, offers a standardized model inventory, and highlights opportunities for cooperation between customs and brokers. Countries are encouraged to draw on the report to optimize broker management and promote trade facilitation.

WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

The World Customs Organization (WCO) recently assisted Angola Customs in enhancing its customs valuation capabilities. By assessing infrastructure needs, providing recommendations on risk management and post-clearance audit, and conducting customs valuation workshops, the WCO helped Angola Customs improve revenue collection efficiency, promote compliant trade, and strengthen customs valuation oversight of multinational corporations. This assistance demonstrates the importance of international cooperation in improving customs administration.

Niger Customs Deploys Geospatial Tech to Curb Smuggling

Niger Customs Deploys Geospatial Tech to Curb Smuggling

Niger Customs utilized high-resolution satellite imagery analysis to identify 855 border crossings in the Torodi region, effectively combating smuggling activities. This initiative demonstrates the significant potential of geospatial intelligence data in border management and provides valuable experience for other countries. The use of satellite imagery allowed for detailed mapping and analysis of remote areas, leading to improved surveillance and interdiction efforts against illegal trade.

Global Firms Face Talent Shortages Recession Risks in 2020

Global Firms Face Talent Shortages Recession Risks in 2020

The Conference Board's annual survey reveals that global business leaders are most concerned about talent shortages and the risk of economic recession in 2020. Companies need to strengthen risk management, optimize supply chains, embrace technological innovation, and actively address trade frictions and geopolitical risks to achieve sustainable development. Addressing the talent war and mitigating the impact of a potential recession are critical for business resilience.

Cape Verde Customs Modernizes with WCOWACAM Efficiency Initiative

Cape Verde Customs Modernizes with WCOWACAM Efficiency Initiative

Supported by the Swedish-funded WCO-WACAM project, the Cabo Verde Tax Authority enhanced its project management and business process optimization capabilities through capacity building missions, laying a solid foundation for customs reform. Brazilian customs experts shared their experiences to help modernize Cabo Verde Customs, optimize clearance procedures, improve service quality, and promote trade facilitation, ultimately achieving the vision of becoming a modern and efficient customs organization.

Asiapacific Air Cargo Growth Defies Global Slowdown

Asiapacific Air Cargo Growth Defies Global Slowdown

The Asia-Pacific region holds a significant position in the global air cargo market. Despite challenges like global economic slowdown and high oil prices, strong growth in China and India provides support. By improving efficiency, innovation, and risk management, Asia-Pacific airlines are expected to maintain their leadership and contribute to global trade. Global economic growth forecasts and technological advancements will also influence the market.

ROCB Europe Enhances Customs Talent Development

ROCB Europe Enhances Customs Talent Development

The World Customs Organization (WCO) is assisting ROCB Europe in restructuring its organizational framework to build a competency-based human resource management system, ultimately enhancing regional customs capacity building. By defining positions, constructing competency models, and providing ongoing support, the WCO aims to create an efficient talent engine that promotes regional trade facilitation and security. This initiative contributes to strengthening the global customs cooperation network.

US Container Imports Drop Sharply Amid Excess Inventory

US Container Imports Drop Sharply Amid Excess Inventory

S&P Global data indicates a year-over-year decline in U.S. container imports for October, with a projected significant drop in the fourth quarter. Asian imports are expected to be most affected. Key drivers include inventory glut and tariff policies. Businesses should focus on optimizing inventory management, diversifying sourcing strategies, and closely monitoring evolving trade policies to mitigate potential risks and capitalize on emerging opportunities.

Global Supply Chains Strained by Trade Wars Oil Volatility

Global Supply Chains Strained by Trade Wars Oil Volatility

An IHS Markit report indicates that trade wars and oil price shocks have increased the risk of a global economic recession. With downward revisions to US economic growth forecasts, supply chain managers should diversify their supply chains, optimize inventory, strengthen risk management, enhance transparency, and monitor policy changes. These strategies are crucial for navigating challenges and seizing opportunities in the face of growing global uncertainties.

Global Freight Rates Routes Capacity and Cost Trends Analyzed

Global Freight Rates Routes Capacity and Cost Trends Analyzed

This paper analyzes international sea, air, and land freight prices based on data from Jiuzhou Logistics Network, revealing cost differences across various routes and transportation modes. It offers cost optimization and risk management suggestions for businesses, including comparing prices across multiple channels, optimizing transportation methods, and monitoring market dynamics. The aim is to help companies enhance their competitiveness in global trade by better understanding and managing international freight costs.

08/15/2025 Logistics
Read More