Businesses Customs Collaborate to Strengthen Supply Chains

Businesses Customs Collaborate to Strengthen Supply Chains

The World Customs Organization (WCO) has adopted a resolution aimed at strengthening customs-business partnerships and enhancing global supply chain resilience. The resolution emphasizes strategic prioritization, innovative partnerships, digital transformation, data sharing, and capacity building. The WCO will support its implementation. Businesses can actively participate through AEO certification, enhanced communication, embracing digitalization, and strengthened risk management, collectively building a secure and efficient trade environment. This collaborative approach fosters greater trust and predictability within the international trade landscape, ultimately bolstering supply chain stability.

01/20/2026 Customs Knowledge
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UK Nigeria Boost Trade Via Customs Partnership

UK Nigeria Boost Trade Via Customs Partnership

The UK's HM Revenue & Customs (HMRC) collaborated with the Nigeria Customs Service (NCS) to support the NCS in developing an AEO program compliant with WCO SAFE standards through AEO program benchmarking. This collaboration aims to strengthen trade partnerships between the two countries, enhance supply chain security and efficiency, and achieve trade facilitation, injecting new impetus into global trade development. The partnership leverages HMRC's experience to help NCS establish a robust and effective AEO program, ultimately fostering smoother and more secure international trade flows.

01/20/2026 Customs Knowledge
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Carriers and Shippers Adopt Winwin Strategy for Cost Savings

Carriers and Shippers Adopt Winwin Strategy for Cost Savings

Facing rising transportation costs and shrinking profit margins, shippers and carriers must move beyond traditional approaches. This requires refined cost control, optimized operational efficiency, and the creation of new collaborative partnerships to achieve a win-win situation: increased carrier profitability and optimized shipper costs. This article explores key issues in evaluating carrier profitability, emphasizes the role of shippers in improving carrier operational efficiency, and proposes specific implementation strategies. The aim is to reshape the future of the transportation industry by fostering mutually beneficial relationships and focusing on collaborative optimization.

01/20/2026 Logistics Industry Insights
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WCO and JICA Boost Customs Risk Management in Central Asia Caucasus

WCO and JICA Boost Customs Risk Management in Central Asia Caucasus

The WCO and JICA are conducting a Customs Risk Management Master Trainer Program (MTP) in the Central Asia and Caucasus region to enhance regional self-training capabilities. The second phase of the activity was held in Kazakhstan, focusing on lecturing skills and experience sharing. This initiative aims to strengthen customs risk management practices and promote sustainable training expertise within the region.

01/26/2026 Customs Knowledge
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Lesotho South Africa Enhance Trade to Advance Afcfta

Lesotho South Africa Enhance Trade to Advance Afcfta

Lesotho and South Africa, with the support of the World Customs Organization, jointly released a Time Release Study report to optimize border management and enhance cross-border trade efficiency. Focusing on the Maseru Bridge and Ficksburg Bridge border posts, the study aims to reduce non-tariff trade barriers through coordinated border management and the implementation of one-stop service. This initiative supports the development of the African Continental Free Trade Area and promotes regional economic prosperity by streamlining processes and improving the flow of goods between the two countries.

01/26/2026 Customs Knowledge
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WCO Belgian Customs Academy Expand African Customs Training Partnership

WCO Belgian Customs Academy Expand African Customs Training Partnership

Customs officials from French-speaking African countries visited the WCO headquarters during their training at the Belgian Customs Academy. They participated in presentations on intellectual property, and health & safety projects. The WCO's long-standing collaboration with the Belgian Customs Academy significantly contributes to customs capacity building in Africa through tailored training programs. This partnership supports economic prosperity and social development across the African continent.

01/26/2026 Customs Knowledge
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LTL Freight Industry Seeks Stronger Shippercarrier Partnerships

LTL Freight Industry Seeks Stronger Shippercarrier Partnerships

This paper delves into the significance of the carrier-shipper relationship in the LTL freight market, analyzing the need for collaboration under the new market landscape. Using Saia LTL Freight as a case study, it emphasizes the importance of customer service. The article also provides practical guidance for shippers to improve their relationships with carriers, aiming to foster long-term, stable partnerships and achieve mutual benefits. The goal is to promote a win-win scenario for both carriers and shippers in the dynamic LTL freight industry.

01/26/2026 Logistics Industry Insights
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Philippines Customs Boosts IP Protection Via WCO Training

Philippines Customs Boosts IP Protection Via WCO Training

The World Customs Organization (WCO) held an online workshop for the Bureau of Customs of the Philippines, aiming to enhance its capacity to combat counterfeiting and piracy, and address intellectual property protection challenges during the pandemic. The workshop covered customs' responsibilities under the pandemic, WCO tools and instruments, and rights holders' involvement. This initiative seeks to improve the Philippines Customs' ability to protect intellectual property rights, maintain social security, and safeguard the economic order. The focus was on practical strategies and collaborative approaches to effectively combat IP violations.

01/26/2026 Customs Knowledge
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500 Yen Hits X Against US Dollar Amid Currency Fluctuations replace X with the Specific Rate or Trend Eg 3month Low or 550 USD If Mentioned in the Article alternative If Ratetrend Is Unspecified yendollar Exchange Rate

500 Yen Hits X Against US Dollar Amid Currency Fluctuations replace X with the Specific Rate or Trend Eg 3month Low or 550 USD If Mentioned in the Article alternative If Ratetrend Is Unspecified yendollar Exchange Rate

Based on the latest exchange rate data, 500 yen can be exchanged for approximately 3.39 USD, making 1 yen worth about 0.00677 USD. Fluctuations in exchange rates impact international trade, personal finances, and investment decisions, making it a matter of concern.

08/09/2025 Exchange Rate Query
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