New Zealand Tests WCO System to Boost Air Cargo Security

New Zealand Tests WCO System to Boost Air Cargo Security

The World Customs Organization (WCO) Cargo Targeting System (CTS) air cargo capability has been piloted in New Zealand, aiming to enhance global air cargo risk assessment and pre-inspection capabilities. The New Zealand Customs Service will comprehensively test and evaluate the system, providing customs agencies worldwide with smarter, more efficient risk management tools. This initiative contributes to building a safer and more convenient global trade environment by improving the ability to identify and mitigate potential threats in air cargo shipments before they reach their destination.

Philippines Boosts IP Protection in Customs Via WCO Workshop

Philippines Boosts IP Protection in Customs Via WCO Workshop

The World Customs Organization (WCO) held an online workshop for Philippine Customs to enhance its capacity to combat counterfeit and pirated goods. The workshop focused on customs challenges under the pandemic, WCO's intellectual property protection tools, and counterfeit goods identification. Rights holders were invited to provide training. The workshop significantly improved the intellectual property protection awareness and counterfeit goods identification skills of Philippine Customs officials, promoting cooperation between customs and rights holders. This initiative aims to strengthen IP enforcement and protect legitimate trade in the Philippines.

Crossborder Ecommerce Faces New Customs Valuation Challenges

Crossborder Ecommerce Faces New Customs Valuation Challenges

The World Customs Organization released Advisory Opinion 4.19, clarifying how to handle royalties that include both patent rights for imported raw materials and trademark rights for the final product in customs valuation. This opinion aims to enhance valuation certainty, reduce trade friction, and assist businesses in tax planning. It offers valuable guidance for cross-border e-commerce and import-export enterprises, particularly regarding the treatment of royalties in determining customs value. The advisory opinion provides a framework for consistently applying valuation principles to complex licensing agreements.

Walmart Tops Fortune 500 As Logistics Firms Gain Momentum

Walmart Tops Fortune 500 As Logistics Firms Gain Momentum

The Fortune 500 list has been released, with Walmart topping the rankings again, followed by Amazon. Notably, several cross-border logistics companies, including UPS, FedEx, and C.H. Robinson, are also featured, highlighting the significance and growth potential of the cross-border logistics industry in global trade. These companies play a crucial role in connecting global markets by providing efficient logistics solutions. Their presence on the list underscores the increasing importance of seamless and reliable logistics in facilitating international commerce and supporting the global economy.

Crossborder Ecommerce Faces Customs Valuation Challenges

Crossborder Ecommerce Faces Customs Valuation Challenges

The World Customs Organization issued Advisory Opinion 23.1, clarifying that low-price transactions of flash sale goods can be used as a basis for customs valuation, provided they comply with the Valuation Agreement and the transaction is genuine and valid. This opinion guides cross-border e-commerce enterprises in compliant declaration, reduces trade risks, and provides customs authorities with scientific valuation methods, promoting the healthy development of cross-border e-commerce. It emphasizes adherence to existing valuation principles while acknowledging the unique characteristics of flash sales.

EMCCA Customs College Overhauls Strategy with WCO Backing

EMCCA Customs College Overhauls Strategy with WCO Backing

The World Customs Organization (WCO) assisted the Inter-State School for Customs of the Economic and Monetary Community of Central Africa (ISSC-CEMAC) in reshaping its development strategy, aiming to modernize its training system through capacity building. The WCO's diagnostic assessment provided recommendations for ISSC improvements, and a new development strategy was jointly formulated to enhance the professional competence of regional customs officers and promote trade facilitation. The focus is on strengthening the ISSC's role as a key training hub for customs administrations in the CEMAC region.

VAT Zerorating Boosts International Aviation Connectivity

VAT Zerorating Boosts International Aviation Connectivity

The unique nature of international air transport clashes with traditional tax jurisdictions. This paper argues for the necessity of implementing a zero-rating VAT refund mechanism for international aviation. It emphasizes that this mechanism can reduce operational costs, promote international travel and trade, enhance competitiveness, and ensure fairness. ICAO resolutions provide guidance for governments to develop relevant policies, contributing to the construction of an interconnected global aviation network. This approach helps to streamline processes and foster a more efficient and equitable system for international air travel.

Guide to Avoiding Trucking Dry Run Fees

Guide to Avoiding Trucking Dry Run Fees

This article delves into the issue of “deadhead fees” in trucking, detailing the reasons for their occurrence and their impact on international trade. It offers practical strategies for avoiding deadhead fees, including advance planning, accurate information provision, selection of reliable carriers, and real-time cargo tracking. Furthermore, it outlines how to properly handle deadhead fees, helping businesses effectively control logistics costs and enhance competitiveness. By understanding and mitigating deadhead fees, companies can optimize their supply chains and improve overall profitability within the freight transportation sector.

Americas Caribbean Boost Crossborder Ecommerce Supply Chains

Americas Caribbean Boost Crossborder Ecommerce Supply Chains

The Americas and Caribbean Customs-Postal Strategy Conference highlighted the crucial role of customs-postal cooperation in fostering cross-border e-commerce. The WCO emphasized data-driven approaches and standardized frameworks, while the UPU and PUASP focused on process optimization and combating smuggling. Participants committed to strengthening collaboration to build a more efficient and secure global postal supply chain, laying the groundwork for the future development of cross-border trade. This includes enhanced data exchange and harmonized procedures to facilitate smoother and safer international transactions.

Maldives Customs Modernizes Risk Management After WCO Report

Maldives Customs Modernizes Risk Management After WCO Report

The World Customs Organization (WCO) presented a diagnostic report to the Maldives Customs Service, highlighting areas for improvement in customs valuation, post-clearance audit, and risk management. The report recommended establishing a robust risk management system, optimizing valuation processes, and upgrading audit methodologies. The Commissioner General of Maldives Customs pledged to develop an action plan based on the recommendations to enhance customs efficiency and transparency, ultimately fostering economic development. This initiative aims to modernize customs operations and facilitate smoother trade flows for the Maldives.