Air transport plays a crucial role in the European economy, contributing approximately $1.2 trillion to GDP, with the EU region alone accounting for €760 billion. This sector not only boosts trade and tourism but also drives regional economic development, injecting vitality into the prosperity of several countries.
The 30th WCO SAFE Working Group meeting focused on empowering MSMEs and securing emerging trade models. It promoted the continuous evolution of the SAFE Framework through measures like upgrading technical standards, expanding AEO programs, and strengthening the security of cross-border e-commerce and free zone trade. The meeting emphasized data security, standardization, MSME participation, and the application of emerging technologies. These efforts aim to build a safer, more efficient, and inclusive global trade system, contributing to global economic prosperity.
The 2012 WCO Americas and Caribbean Region Donors' Conference was held in Washington, D.C., bringing together experts to strengthen regional trade cooperation. The conference reviewed projects, discussed the professional development of customs officials, and deepened the strategic partnership between the WCO and institutions like the IDB and IMF. This collaboration aimed to inject new impetus into regional trade facilitation and economic prosperity. The discussions focused on enhancing customs procedures and fostering a more collaborative environment for trade within the Americas and Caribbean region.
Togo and Cambodia have acceded to the Revised Kyoto Convention, bringing the total number of contracting parties to 94. The Convention aims to simplify and harmonize customs procedures, enhance trade efficiency, reduce transaction costs, and promote global economic prosperity. More countries joining will contribute to making global trade more efficient, convenient, and sustainable. The revised Kyoto Convention is considered the blueprint for modern and efficient customs procedures in the 21st century.
Tripoli Port is the largest shipping hub in Libya, with a history spanning over 3,000 years. It is connected to the national road network and has an annual cargo throughput of approximately 6 million tons. Its trade partners extend across Europe and Turkey, contributing to the nation's economic prosperity and job opportunities.
Majuro Port, the main shipping hub of the Marshall Islands, is located in the western Pacific and handles an average of 72 cargo vessels per year, engaging in the transport of various goods. Its unique geographic location and facilities make it an important node for international trade, promoting regional economic prosperity and development.
With EU funding, the World Customs Organization (WCO) is supporting Senegal Customs in establishing a national advance ruling system. Through diagnostic assessments and action plan development, the initiative aims to improve trade facilitation in Senegal, reduce trade risks for businesses, and enhance customs clearance efficiency. Senegal is committed to actively promoting the development of this system, and the WCO will continue to provide support, contributing to global trade prosperity. The implementation of the advance ruling system is expected to streamline customs procedures and provide greater certainty for traders.
Feederlines DMCC has adjusted its internal FAX service in Asia, replacing the Port of Merak in Indonesia with Jakarta and Surabaya. This optimization aims to enhance connectivity of regional freight hubs. The changes will improve service efficiency, providing better logistics options for import and export businesses, and will promote the prosperity of regional trade.
Angamos Port in Chile is an efficient maritime hub located in the town of Mejillones. Its superior natural conditions and proximity to mining resources have established it as a crucial trade port in South America. Since 2003, the port has implemented modern management practices and collaborated with local suppliers to promote regional development and economic prosperity.
The World Customs Organization (WCO) held its 9th Rights Holders Consultation Group Meeting, focusing on the current state of intellectual property infringement and discussing challenges such as IP protection in the e-commerce environment and environmentally sound disposal of infringing goods. The meeting emphasized strengthening cooperation between customs and rights holders, building information exchange platforms, and jointly combating counterfeit goods to maintain fair trade practices and promote global economic prosperity. This collaborative approach aims to effectively address IP infringements and safeguard legitimate trade.
