Nigeria Customs Boosts Antismuggling Via Wcos INAMA Initiative

Nigeria Customs Boosts Antismuggling Via Wcos INAMA Initiative

The World Customs Organization's INAMA project supports the Nigeria Customs Service in enhancing its capacity to combat the illegal wildlife trade. Through diagnostic assessments and implementation guidance, the project assists Nigeria Customs in establishing a sound risk management system, developing risk profiles, and improving operational capabilities. International cooperation and information sharing will build a global anti-smuggling network to jointly protect endangered species. This initiative strengthens Nigeria's ability to identify and intercept illegal shipments, contributing to the global effort to preserve biodiversity and combat wildlife crime.

World Customs Organization Balances Crisis Response and Global Opportunities

World Customs Organization Balances Crisis Response and Global Opportunities

At the 7th Annual Conference of International Organizations, the Secretary General of the World Customs Organization (WCO) shared WCO's strategies for responding to the COVID-19 pandemic and ensuring the stability of the global supply chain. He emphasized the importance of international cooperation and called for strengthened collaboration in areas such as digital transformation, e-commerce development, and disaster management to jointly address global challenges. The WCO's efforts highlight the crucial role of customs organizations in facilitating trade and ensuring security during times of crisis.

Middle East and North Africa Crack Down on Customs Fraud

Middle East and North Africa Crack Down on Customs Fraud

A regional workshop in Amman, Jordan, focused on customs valuation and anti-fraud, aiming to enhance the capabilities of customs officials in the Middle East and North Africa. The workshop covered the WTO Valuation Agreement, WCO's Revenue Package tools, and anti-fraud strategies. Key discussions centered on Decision 6.1 and valuation risk management. Emphasis was placed on international cooperation, capacity building, legal improvements, and technological innovation. The goal was to foster a fairer trade environment by strengthening customs practices and combating fraudulent activities in the region.

Chinas EV Firms Face Challenges in Global Expansion

Chinas EV Firms Face Challenges in Global Expansion

China's new energy vehicle industry is at a pivotal moment of globalization. Despite facing international market fluctuations, geopolitical challenges, and strategic weaknesses, the overseas expansion of the industrial chain and the global DNA of emerging companies provide significant potential. Chinese automakers need to shift from export-oriented approaches to direct investment, strengthen inter-company cooperation, and focus on cultivating international management talent to achieve long-term development in the global market. This requires a strategic shift towards a more integrated and collaborative international presence.

Cargo Insurance Vital for Business Risk Management

Cargo Insurance Vital for Business Risk Management

This paper analyzes why businesses should consider cargo insurance even with existing commercial insurance. By comparing the limitations of commercial insurance with the unique advantages of cargo insurance, it highlights the importance of cargo insurance in customized risk coverage, streamlined claims processes, and enhanced risk control capabilities. The article emphasizes the importance of data-driven decision-making and uses case studies to demonstrate the value of cargo insurance as a key component of enterprise risk management. It argues that cargo insurance provides targeted protection against specific supply chain risks not adequately addressed by general commercial policies.

Maersk Hapaglloyd Form Gemini Alliance to Transform Shipping Industry

Maersk Hapaglloyd Form Gemini Alliance to Transform Shipping Industry

Global shipping giants Maersk and Hapag-Lloyd have announced the "Gemini Cooperation," aiming to reshape global maritime transport by optimizing route networks and improving on-time performance. Singapore will serve as a crucial hub with approximately 40 weekly vessel calls. The network employs a hub-and-spoke model to enhance operational efficiency and reduce carbon emissions. Initially, vessels will bypass the Red Sea due to security concerns, with adjustments planned based on future conditions. This collaboration signifies a move towards greater efficiency and sustainability within the global shipping industry.

11/03/2025 Logistics
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US Trade Deficit Widens Amid Tariff Disputes Weak Investment

US Trade Deficit Widens Amid Tariff Disputes Weak Investment

Bloomberg predicts the US trade deficit will hit a record high in May, with the total deficit for the first five months far exceeding levels during the pandemic. A surge in exports from several Asian countries to the US is potentially linked to the temporary expiration of US 'reciprocal tariffs.' Uncertainty surrounding tariff policies has led to a decline in foreign investment inflows into the US. Economists warn this could hinder economic growth. The US needs to carefully consider its tariff policies and strengthen international cooperation to mitigate potential negative consequences.

Yangpu Abu Dhabi Ports Partner to Expand Chinaarab Trade

Yangpu Abu Dhabi Ports Partner to Expand Chinaarab Trade

The establishment of a sister port relationship between Yangpu Port and Abu Dhabi Port marks a new stage in China-Arab economic and trade cooperation. Both sides will strengthen collaboration in port construction, shipping services, and green energy, leveraging the advantages of Hainan Free Trade Port and Abu Dhabi Free Zone. The aim is to build a dense route network, enhance the regional hub roles of both ports, and promote economic and trade exchanges between China and the Arab world. This partnership is expected to boost maritime connectivity and facilitate increased trade flows.

11/03/2025 Logistics
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Qatar Customs Boosts Trade Security with AEO Program

Qatar Customs Boosts Trade Security with AEO Program

Qatar Customs, with WCO support, held an AEO program assessment workshop to optimize its upcoming AEO program and enhance trade security and efficiency. The workshop employed gap analysis, practical exercises, and work planning to lay the foundation for further AEO program improvements. The AEO program is expected to enhance Qatar's trade security, improve customs clearance efficiency, reduce trade costs, and strengthen international cooperation. The focus was on identifying areas for improvement and developing a roadmap for successful implementation, ensuring the program meets international standards and contributes to a safer and more efficient trade environment.

WCO BRS Partner to Advance Green Trade Via HS Codes

WCO BRS Partner to Advance Green Trade Via HS Codes

The World Customs Organization (WCO) and the Secretariats of the Basel, Rotterdam and Stockholm Conventions (BRS) highlighted their collaboration in addressing environmental and social issues using the Harmonized System (HS) at the BRS COPs in Geneva. The WCO facilitates customs control of goods threatening the environment and human health by introducing HS codes. They shared elements of successful proposals, aiming to strengthen global cooperation and build a sustainable trade future. This partnership demonstrates how the HS can be leveraged for environmental protection and responsible trade practices on a global scale.