WCO Implements New Trade Valuation Rules to Boost Revenue

WCO Implements New Trade Valuation Rules to Boost Revenue

The WCO Technical Committee on Customs Valuation has adopted two new advisory opinions concerning the valuation treatment of income tax in royalties and the valuation of buyer's own trademarks on imported goods. These new rules aim to enhance certainty and transparency in customs valuation, promote international trade facilitation, optimize customs revenue, and ensure the healthy development of global trade. They provide guidance on complex valuation issues, contributing to a more predictable and equitable international trade environment. The opinions seek to clarify existing valuation principles and address practical challenges faced by customs administrations and traders alike.

01/05/2026 Customs Knowledge
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US Reciprocal Tariffs Disrupt Global Trade End T86 Clearance

US Reciprocal Tariffs Disrupt Global Trade End T86 Clearance

The implementation of the US "reciprocal tariffs" policy and the cancellation of the T86 clearance model have significantly impacted the cross-border e-commerce industry. This article analyzes the policy's effects, proposes corresponding strategies, and explores the future direction of the global trade landscape. Facing these challenges, open cooperation is the right path for the development of global trade.

01/05/2026 Customs Knowledge
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Global Trade Disruptions Push Firms to Strengthen Supply Chains

Global Trade Disruptions Push Firms to Strengthen Supply Chains

A joint study by Flexport and BCG highlights the importance of agility and resilience for businesses navigating global trade disruptions. By diversifying sourcing, optimizing inventory, enhancing supply chain visibility, and embracing new consumer trends, companies can mitigate risks and achieve sustainable growth. The research emphasizes proactive strategies to build robustness against unforeseen challenges and adapt quickly to changing market conditions, ultimately fostering a more secure and competitive position in the global marketplace.

01/05/2026 Logistics Industry Insights
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Guide to HS Code 80 for Tin Trade Classification

Guide to HS Code 80 for Tin Trade Classification

This article provides an in-depth interpretation of HS Code 80 regarding the tariff classification rules for tin and tin products. It elaborates on the definition standards of "tin, unalloyed" and "tin alloys." Through case study analysis, it emphasizes the importance of accurate classification. The aim is to help companies avoid trade risks and maximize profits by correctly understanding and applying the HS Code to their tin-related imports and exports. This ensures proper customs declaration and compliance with international trade regulations.

12/30/2025 HS Code Query
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WCO Issues Rail Customs Guidelines to Boost Global Trade

WCO Issues Rail Customs Guidelines to Boost Global Trade

The World Customs Organization (WCO)'s 'Guidelines on Rail Transit' aims to simplify and standardize customs procedures for rail transport, encouraging technology application and international cooperation. This enhances cross-border trade efficiency, reduces costs, and promotes global economic prosperity. The guidelines, structured around four key objectives and supporting capacity building projects, provide a roadmap for customs facilitation in global rail transport. It offers practical guidance and best practices to streamline processes and improve security, contributing to a more efficient and reliable international trade network.

12/30/2025 Customs Knowledge
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Revised Kyoto Convention Aims to Streamline Global Trade Customs

Revised Kyoto Convention Aims to Streamline Global Trade Customs

The World Customs Organization (WCO) is promoting a comprehensive revision of the Revised Kyoto Convention (RKC) to simplify and harmonize customs procedures across countries. The 7th RKC Review Working Group meeting established a 'four-step framework' for the revision process and discussed revisions to rules of origin. The RKC revision presents both opportunities and challenges for import and export companies. Businesses should closely monitor progress, actively participate, and adapt to the new trade environment. This adaptation is crucial for maintaining competitiveness in the global market.

12/30/2025 Customs Knowledge
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WCO Updates SAFE Framework to Boost Global Trade Security

WCO Updates SAFE Framework to Boost Global Trade Security

The 28th SAFE Working Group meeting focused on the review and implementation monitoring of the SAFE Framework, emphasizing customs-private sector cooperation and optimizing questionnaires. Key topics included data strategy, green customs initiatives, promotion of AEO validation courses, revision of work plans, and extension of the review cycle. Enhanced customs cooperation with aviation and port sectors was also highlighted. The meeting injected new momentum into global trade security cooperation, foreshadowing a future of safer, more efficient, and sustainable global trade systems.

12/30/2025 Customs Knowledge
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El Salvador Joins Revised Kyoto Convention Boosting Global Trade

El Salvador Joins Revised Kyoto Convention Boosting Global Trade

The 32nd Session of the Revised Kyoto Convention (RKC) Management Committee concluded successfully, with El Salvador joining, bringing the number of contracting parties to 135. The meeting finalized the review of updated guidelines for both general and specific annexes, covering key areas such as customs security, advance rulings, and coordinated border management. Moving forward, the RKC will continue to be updated, contributing to global trade facilitation. The updates aim to streamline customs procedures and enhance security measures for international trade.

12/30/2025 Customs Knowledge
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African Customs Officials Train at WCO As Trade Grows

African Customs Officials Train at WCO As Trade Grows

The World Customs Organization (WCO) hosted a study visit for customs experts from Portuguese-speaking African countries, aiming to enhance their application of the Harmonized System (HS) and promote regional trade development. The activities included participation in the HS Committee (HSC) meeting, meetings with representatives of the Community of Portuguese Language Countries (CPLP), and planned capacity-building workshops to strengthen tariff classification and customs cooperation. The visit focused on improving skills and fostering collaboration to facilitate trade and ensure accurate classification practices within the region.

12/30/2025 Customs Knowledge
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WCO Initiative Enhances Trade Efficiency in Central Asia Caucasus

WCO Initiative Enhances Trade Efficiency in Central Asia Caucasus

The World Customs Organization (WCO) held a Time Release Study (TRS) workshop for the Central Asia and Caucasus region in Georgia, aiming to improve regional trade efficiency. Through theoretical learning, field visits, and technical training, participants gained in-depth knowledge of the TRS methodology and developed national action plans. The WCO is committed to promoting connectivity across the Trans-Caspian Corridor, injecting new vitality into regional economic development. The workshop emphasized the importance of streamlined customs procedures for boosting trade along the Central Asia Corridor.

12/30/2025 Customs Knowledge
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