FOB Airport Pricing Key to Mitigating Air Freight Risks

FOB Airport Pricing Key to Mitigating Air Freight Risks

This article provides an in-depth analysis of FOB Airport Price in international air freight, clarifying its price composition, risk transfer mechanisms, and the division of responsibilities between buyers and sellers. By comparing it with traditional FOB, the article highlights the unique application of FOB Airport Price in air freight trade. The aim is to help practitioners mitigate trade risks and ensure smooth transactions. It covers key aspects like price calculation, responsibilities of each party involved, and potential pitfalls to avoid when using this specific trade term.

11/03/2025 Logistics Encyclopedia
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US and Japan Strike 550B Trade Deal to Boost Economic Ties

US and Japan Strike 550B Trade Deal to Boost Economic Ties

The Trump administration announced a trade deal with Japan, featuring a 15% US tariff on Japanese imports and Japan's commitment to $550 billion in US investments. The agreement aims to balance trade relations, promote job growth, and reshape the US-Japan economic relationship. Japanese stock markets reacted positively, but the long-term impact of the agreement remains to be seen. This deal is expected to influence future trade negotiations and potentially impact global supply chains. Further analysis is needed to fully understand the implications.

11/03/2025 Customs Knowledge
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WCO and ZATCA Enhance MENA Customs Training to Ease Trade

WCO and ZATCA Enhance MENA Customs Training to Ease Trade

The World Customs Organization (WCO), in collaboration with Saudi ZATCA, organized a Harmonized System (HS) expert pre-certification workshop for the Middle East and North Africa region. This initiative aims to cultivate local experts, enhance regional customs capacity, and facilitate trade. Through a rigorous assessment and certification process, the WCO will expand its pool of experts, support regional capacity building efforts, and promote the standardization of global trade practices. The workshop is a key step in strengthening regional customs expertise and streamlining trade processes.

01/05/2026 Customs Knowledge
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Moldova Boosts Trade Via Mercator Program WTO Deal

Moldova Boosts Trade Via Mercator Program WTO Deal

Moldova, with support from Switzerland and the WCO, has launched the "Mercator Program" to streamline customs procedures, improve trade efficiency, and foster economic growth and regional cooperation. The initiative aims to reduce trade barriers, simplify documentation, and enhance transparency in cross-border trade. By implementing modern customs practices and technologies, Moldova seeks to boost its competitiveness and integrate further into the global economy. The Mercator Program is expected to contribute significantly to Moldova's economic development and strengthen its position as a reliable trading partner.

01/05/2026 Customs Knowledge
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Burkina Faso Hosts Workshop on Trade Modernization Reforms

Burkina Faso Hosts Workshop on Trade Modernization Reforms

With support from Japan, the World Customs Organization (WCO) held a seminar in Burkina Faso to promote the implementation of the Revised Kyoto Convention (RKC). The seminar aimed to enhance customs efficiency and facilitate integration into global trade. The RKC is a key international instrument for simplifying and harmonizing customs procedures. By adopting the RKC and implementing programs like Authorized Economic Operator (AEO) certification, countries can streamline trade processes, reduce costs, and improve security. This initiative contributes to broader trade facilitation efforts and supports economic development.

01/05/2026 Customs Knowledge
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Peru Adopts Global Standards for Customs Valuation

Peru Adopts Global Standards for Customs Valuation

Supported by the SECO-WCO Global Trade Facilitation Programme, Peruvian Customs held a virtual forum focusing on customs valuation risk management. Participants exchanged experiences on database applications and discussed optimizing value verification procedures and public-private partnerships to combat valuation irregularities. Peruvian Customs plans to strengthen its value verification system and deepen collaboration with the private sector. The WCO will continue to provide support, enhancing transparency and predictability in cross-border trade. The forum highlighted the importance of efficient and fair customs valuation for trade facilitation.

12/30/2025 Customs Knowledge
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Moldova Simplifies Customs to Boost Trade Emergency Aid

Moldova Simplifies Customs to Boost Trade Emergency Aid

Supported by the SECO-WCO Global Trade Facilitation Programme, the Moldovan Customs Service has completed follow-up tasks to optimize SOPs, aiming to enhance emergency response capabilities and expedite the clearance of relief goods. By aligning with WCO standards, a national emergency framework is being built, laying the foundation for trade facilitation. Continuous improvement and collaboration will help Moldova become a model for trade facilitation. This initiative strengthens the country's ability to handle crises and ensures the smooth flow of essential goods during emergencies.

01/05/2026 Customs Knowledge
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WCO Backs Zambia in Trade Facilitation Program Upgrade

WCO Backs Zambia in Trade Facilitation Program Upgrade

The World Customs Organization (WCO) supports the Zambia Revenue Authority (ZRA) in establishing an internationally compliant Authorized Economic Operator (AEO) program to enhance trade facilitation. Through expert team support, remote guidance, and on-site validation, the WCO assists ZRA in optimizing its AEO program. The WCO also looks forward to future collaboration to further strengthen the implementation of the Trade Facilitation Agreement and promote regional economic development. This initiative aims to align ZRA's practices with global standards and boost its efficiency in facilitating international trade.

01/05/2026 Customs Knowledge
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Lebanon Customs Adopts WCO Risk Management for Trade Security

Lebanon Customs Adopts WCO Risk Management for Trade Security

Lebanese Customs, in collaboration with the WCO, held a risk management workshop to enhance Lebanese Customs' risk management capabilities and build a new line of defense for trade security. The workshop covered risk management organization, assessment, targeting, and information intelligence, emphasizing systems thinking and resource optimization. It also introduced relevant WCO tools. This collaboration marks a significant step for Lebanese Customs in risk management, contributing to a new landscape of global trade security. The workshop aimed to improve efficiency and safety in international trade.

01/07/2026 Customs Knowledge
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WCO and Japan Launch Global Customs Training Program

WCO and Japan Launch Global Customs Training Program

The WCO-Japan Career Development Programme (CDP) is considered a prestigious training ground for customs professionals globally, aiming to enhance the expertise of customs officials from various countries and foster international cooperation. The program combines theoretical learning with practical exercises, providing participants with comprehensive career development opportunities. It contributes to global trade facilitation and security by equipping customs officers with the necessary skills and knowledge to navigate complex international trade environments. The CDP plays a vital role in building capacity within customs administrations worldwide.

01/05/2026 Customs Knowledge
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