WCO and ICC Partner to Strengthen WTO Customs Valuation Rules

WCO and ICC Partner to Strengthen WTO Customs Valuation Rules

The World Customs Organization (WCO) and the International Chamber of Commerce (ICC) have a long-standing collaboration to promote the global application of the WTO Customs Valuation Agreement. In 2000, they issued a joint declaration aimed at promoting uniform, transparent, and fair customs valuation standards. This collaboration seeks to foster global trade compliance, transparency, and facilitation, ultimately reducing trade costs for businesses. The joint efforts emphasize the importance of consistent and predictable customs valuation practices for efficient and equitable international trade.

01/22/2026 Customs Knowledge
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Guide to Exporting Silk HS Code 50 Series Explained

Guide to Exporting Silk HS Code 50 Series Explained

The HS Code series 50 includes various products suitable for silk reeling, such as raw silk cocoons and untwisted silkworm silk, providing a clear classification for silk export trade. Understanding these codes helps merchants choose silk products wisely, improves trade efficiency, and ensures compliance and profit margins.

08/05/2025 HS Code Query
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Power of Attorney Streamlines Customs Procedures

Power of Attorney Streamlines Customs Procedures

This article discusses the importance and application of power of attorney in customs clearance, emphasizing its necessity in import and export trade, precautions, and impact on trade processes. It provides suggestions for effectively managing power of attorney to ensure smooth customs clearance and avoid legal risks.

08/05/2025 Customs Knowledge
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Westray Port Emerges As Key Niche Shipping Hub in Orkney

Westray Port Emerges As Key Niche Shipping Hub in Orkney

This article provides a comprehensive overview of the port of Westray, located in the Orkney Islands, Scotland, UK. Strategically positioned, it serves as a crucial node for remote European port routes. Functioning as both a city port and a barge port, Westray also offers a cruise ship terminal and regular ferry services, facilitating efficient cargo transportation. Its unique location and diverse functionalities make it a significant maritime hub in the region.

09/29/2025 Port Encyclopedia
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Global Retailers Bet on Crossborder Ecommerce for Growth

Global Retailers Bet on Crossborder Ecommerce for Growth

An Asendia report reveals that 72% of global retailers anticipate international sales growth by 2025, despite challenges like tariffs. Chinese retailers are the most optimistic, while UK retailers are more focused on AI and automation. Although cross-border e-commerce presents both challenges and opportunities, the overall outlook remains positive. The report highlights the continued importance of international expansion for retailers seeking growth in a dynamic global market.

11/03/2025 Logistics Industry Insights
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Exeter Airport Key Codes Location and Flight Details

Exeter Airport Key Codes Location and Flight Details

This article provides a comprehensive overview of Exeter Airport in the UK, covering its IATA and ICAO codes (EXT and EGTE), geographical location, major airlines, route network, infrastructure, and future development plans. It also answers frequently asked questions about the airport, offering detailed reference information for travelers and aviation professionals. The article aims to be a valuable resource for understanding Exeter Airport's operations and its role in the regional aviation landscape.

01/20/2026 Airport Codes
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Decoding Sywell Aerodromes ICAO Code EGBK

Decoding Sywell Aerodromes ICAO Code EGBK

This article introduces the ICAO code (EGBK) for Sywell Aerodrome in the UK, explaining the significance of ICAO codes in aviation. It emphasizes the importance of accurately knowing airport codes for flight safety and efficiency. The article also provides a brief overview of Sywell Aerodrome, allowing readers to quickly understand the airport's general information. Accurate ICAO codes are crucial for navigation, communication, and identification within the global air traffic management system.

01/22/2026 Airport Codes
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Teesside Airport Key Details and IATA Code

Teesside Airport Key Details and IATA Code

This article focuses on Teesside International Airport in the UK, clarifying its IATA code as MME. It supplements this with key information such as the airport's ICAO code, geographical location, elevation, and official website. The aim is to provide comprehensive and accurate airport information for travelers and aviation professionals. The article serves as a reference guide, offering essential details about the airport's operational aspects and relevant online resources.

01/22/2026 Airport Codes
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HS Code and Tariff Rates Set for 1chloro11223pentafluoropropane

HS Code and Tariff Rates Set for 1chloro11223pentafluoropropane

Pentafluorochloropropane (HS code 2903491041) has become increasingly important in global trade. This code expired in December 2018, but the tax rate for imports and exports remains at zero, simplifying trade processes. Industry players should pay attention to changes in tax rate policies to ensure compliance and maximize benefits.

07/09/2025 HS Code Query
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New AES System Boosts Efficiency for US Exports

New AES System Boosts Efficiency for US Exports

The Automated Export System (AES) is a crucial tool used by U.S. Customs to streamline the export declaration process. It enables real-time data editing and correction, ensuring export compliance and enhancing the quality of trade statistics, thereby providing enterprises with more efficient support for international trade management.

08/05/2025 Logistics Encyclopedia
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