Togo Boosts Customs Skills with WCO Training

Togo Boosts Customs Skills with WCO Training

The World Customs Organization (WCO) conducted a workshop in Lomé to assist the Togolese Revenue Office (OTR) in rebuilding its customs valuation function. Through diagnostic assessments and practical training, Togolese customs officials gained a better understanding of WTO valuation rules and WCO practices. This initiative aimed to enhance their capacity in customs valuation control and management, laying the foundation for an efficient and transparent customs valuation system in Togo. The workshop focused on improving skills and knowledge related to valuation procedures and international standards.

02/02/2026 Customs Knowledge
Read More
Comoros Boosts Customs Skills for WTO Accession Bid

Comoros Boosts Customs Skills for WTO Accession Bid

A joint WTO-WCO workshop aimed to enhance Comoros' customs valuation capabilities in preparation for WTO accession. The workshop covered topics such as customs valuation methods, pre-shipment inspection, and trade facilitation. The goal was to assist Comoros in establishing an efficient and transparent trade system to promote economic development. The experience of Comoros can offer valuable insights for other developing countries seeking to improve their trade practices and integrate into the global trading system. This initiative highlights the importance of capacity building for successful WTO membership.

01/26/2026 Customs Knowledge
Read More
Airlines Face Financing Leasing Hurdles Amid Industry Turbulence

Airlines Face Financing Leasing Hurdles Amid Industry Turbulence

This paper delves into the financing challenges faced by airlines in the context of the financial crisis, exploring the future trends of the aircraft leasing market and providing practical leasing valuation methods. By analyzing the core competitiveness and risks of operating leasing companies, and comparing the advantages and disadvantages of different valuation techniques, it offers crucial insights for airlines to make informed leasing decisions in a complex and volatile market environment. The analysis aims to support strategic planning and risk management in aircraft acquisition and financing.

02/03/2026 Airlines
Read More
China Customs Supports WCO in Global Trade Valuation Standards

China Customs Supports WCO in Global Trade Valuation Standards

The WCO Revenue Package aims to enhance customs revenue collection capabilities of member countries. China Customs actively participates in this initiative, providing valuation control case studies and sharing its experiences. China's customs valuation control system, characterized by comprehensive laws and regulations, advanced risk management techniques, a robust valuation database, and effective inter-departmental collaboration, offers valuable lessons for other nations. This participation underscores China's commitment to supporting global efforts in securing customs revenue and promoting best practices in valuation control.

01/05/2026 Customs Knowledge
Read More
WCO JICA Boost Customs Valuation Training in Southern Africa

WCO JICA Boost Customs Valuation Training in Southern Africa

The World Customs Organization (WCO) and Japan International Cooperation Agency (JICA) joint project is progressing in Southern Africa. The 3rd Working Group activity of the Customs Valuation (CV) Master Trainer Programme (MTP) aimed to enhance the customs valuation capabilities of Botswana, Malawi, Mozambique, Zimbabwe, and Zambia. The project focuses on developing a regional pool of trainers and creating training materials. This initiative seeks to promote fairness and efficiency in international trade by strengthening customs valuation expertise within the region.

01/05/2026 Customs Knowledge
Read More
WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

The World Customs Organization (WCO) recently assisted Angola Customs in enhancing its customs valuation capabilities. By assessing infrastructure needs, providing recommendations on risk management and post-clearance audit, and conducting customs valuation workshops, the WCO helped Angola Customs improve revenue collection efficiency, promote compliant trade, and strengthen customs valuation oversight of multinational corporations. This assistance demonstrates the importance of international cooperation in improving customs administration.

12/30/2025 Customs Knowledge
Read More
WTO Committee Clarifies Customs Valuation Rules for Global Trade

WTO Committee Clarifies Customs Valuation Rules for Global Trade

This article provides an in-depth analysis of key decisions made by the WTO Committee on Customs Valuation over the years. It covers critical issues such as royalties, interpretation of terms, treatment of interest, valuation of software carriers, challenges to declared value, and minimum prices. The aim is to offer an authoritative reference for practitioners, promoting fairness and efficiency in international trade. It delves into the nuances of these resolutions, offering practical insights for navigating complex valuation scenarios and ensuring trade compliance.

01/26/2026 Customs Knowledge
Read More
WCO Revises Customs Valuation Rules to Reduce Trade Risks

WCO Revises Customs Valuation Rules to Reduce Trade Risks

The World Customs Organization has released updated Customs Valuation tools, focusing on revised advisory opinions regarding royalties and the valuation of private label goods. These new guidelines aim to assist businesses in more accurately understanding and applying customs valuation rules, reducing trade costs, improving customs clearance efficiency, and mitigating potential risks. The updates provide clarity on complex valuation issues, ensuring fair and consistent application of international trade regulations. This will ultimately facilitate smoother cross-border transactions and promote greater trade compliance.

01/26/2026 Customs Knowledge
Read More
New Global Guidelines Clarify Customs Valuation of Franchise Fees

New Global Guidelines Clarify Customs Valuation of Franchise Fees

The World Customs Organization issued a new advisory opinion clarifying that franchise fees should not be included in the customs valuation of imported goods under specific circumstances. Originating from a Mexican case and confirmed by the Technical Committee on Customs Valuation, this opinion aims to reduce import costs for businesses and enhance customs valuation transparency. Companies should study the opinion, assess their franchise agreements, and communicate with customs authorities to ensure valuation compliance and capitalize on trade opportunities. This helps in correctly determining the dutiable value and avoiding potential penalties.

01/26/2026 Customs Knowledge
Read More