US Adopts WCO Data Model to Simplify Global Trade

US Adopts WCO Data Model to Simplify Global Trade

The United States is accelerating the development of its national Single Window, the ITDS, to simplify import and export processes and improve efficiency. The US also encourages the global adoption of the WCO Data Model to facilitate international trade data exchange. This initiative aims to streamline procedures, reduce costs, and enhance transparency in cross-border transactions. By promoting standardized data exchange, the US seeks to foster greater collaboration and interoperability among trading partners worldwide, ultimately boosting international trade and economic growth.

02/02/2026 Customs Knowledge
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Bahamas Customs Enhances Trade with WCO Time Release Study

Bahamas Customs Enhances Trade with WCO Time Release Study

The World Customs Organization (WCO) assisted Bahamas Customs in conducting its first Time Release Study (TRS) to identify clearance bottlenecks, optimize processes, and lay the groundwork for implementing a Single Window system. This initiative helps the Bahamas comply with the WTO's Trade Facilitation Agreement and enhances trade efficiency, improves the business environment, and provides new impetus for WTO accession and economic development. The implementation steps of the TRS and the advantages of the Single Window are also detailed.

02/02/2026 Customs Knowledge
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WCO Adopts Data Analytics to Boost Trade and Security

WCO Adopts Data Analytics to Boost Trade and Security

The 215th/216th sessions of the WCO's Permanent Technical Committee focused on the application of data analysis in customs, highlighting its importance in trade facilitation, supply chain security, and e-commerce regulation. Discussions covered the implementation of the Trade Facilitation Agreement, integrated supply chain management, future technology applications, and customs-tax cooperation. The aim was to enhance the regulatory and service capabilities of customs administrations and promote global trade development. This involved exploring how data-driven insights can optimize processes and improve efficiency within customs operations.

02/02/2026 Customs Knowledge
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WCO Private Sector Collaborate to Strengthen Global Supply Chains

WCO Private Sector Collaborate to Strengthen Global Supply Chains

The World Customs Organization (WCO) Private Sector Consultative Group (PSCG) met and engaged in dialogue with the WCO Policy Commission (PC), focusing on business recovery, the WCO Data Strategy, and Green Customs. Both parties emphasized strengthening cooperation to normalize trade facilitation measures and leveraging data and technology to promote sustainable development, jointly building a more resilient global supply chain. The discussions highlighted the importance of collaboration between the public and private sectors in addressing current challenges and fostering a more efficient and sustainable global trade environment.

02/02/2026 Customs Knowledge
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WCO Issues Guidance on Customs Valuation and Transfer Pricing

WCO Issues Guidance on Customs Valuation and Transfer Pricing

The World Customs Organization (WCO) guide aims to harmonize customs valuation and transfer pricing, addressing the challenges posed by related-party transactions. It draws on practical experiences from various countries. The guide seeks to provide clarity and promote consistent application of valuation principles in the context of international trade, especially when dealing with multinational enterprises and their internal pricing policies. This harmonization effort is crucial for ensuring fair revenue collection and preventing trade distortions arising from discrepancies between customs valuation and transfer pricing methodologies.

02/02/2026 Customs Knowledge
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WCO Supports Benin Customs in Streamlining Disaster Relief Clearance

WCO Supports Benin Customs in Streamlining Disaster Relief Clearance

The World Trade Organization (WTO) assisted Benin Customs in developing standard operating procedures for clearing natural disaster relief goods. Through unified import procedures, accelerated clearance processes, expert experience sharing, and practical exercises, the project aims to establish an efficient and convenient customs clearance mechanism for disaster relief supplies. This initiative not only enhances Benin Customs' disaster response capabilities but also provides valuable lessons for other countries, contributing to the construction of a global disaster relief system. The focus is on speed and efficiency in getting aid to those who need it most.

02/02/2026 Customs Knowledge
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Cameroon Customs Raises Tax Revenue Via WCO Audit Support

Cameroon Customs Raises Tax Revenue Via WCO Audit Support

The World Customs Organization (WCO) is assisting Cameroon Customs in enhancing its Post-Clearance Audit (PCA) capabilities to improve clearance efficiency, optimize resource allocation, and strengthen tax administration. Through diagnostics, action plan development, and specific recommendations, the WCO is helping Cameroon establish a professional and stable PCA organizational structure. This initiative aims to achieve a win-win situation of trade facilitation and revenue security, ultimately contributing to more efficient customs operations and increased revenue collection for the country.

02/02/2026 Customs Knowledge
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WCO ICC Partner to Streamline Customs Spur Global Recovery

WCO ICC Partner to Streamline Customs Spur Global Recovery

The World Customs Organization and the International Chamber of Commerce jointly issued a statement emphasizing strengthened cooperation to accelerate customs and trade facilitation measures in response to the COVID-19 pandemic. This aims to ensure smooth global trade flows and support economic recovery. Both organizations will focus on supporting small and medium-sized enterprises (SMEs) by providing tools and resources through their respective platforms. They will jointly address challenges and work towards reshaping the global trade system.

02/03/2026 Customs Knowledge
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WCO Urges Global Collaboration to Bolster Supply Chain Resilience

WCO Urges Global Collaboration to Bolster Supply Chain Resilience

The Secretary General of the World Customs Organization emphasized the importance of strengthening international cooperation to address global crises and rebuild supply chain resilience at the 7th Annual Meeting of International Organizations. He outlined the WCO's measures to ensure the continued flow of goods and maintain supply chain stability. He also highlighted future areas of cooperation, including digitalization, e-commerce, and disaster management, urging participants to transform crises into opportunities for collaboration. The speech underscored the critical role of customs organizations in facilitating trade and promoting global economic security.

02/03/2026 Customs Knowledge
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Armenia Boosts Customs Oversight with WCO Risk Management Aid

Armenia Boosts Customs Oversight with WCO Risk Management Aid

The World Customs Organization (WCO) supports Armenia in enhancing its customs risk management and post-clearance audit capabilities, aiming to establish an efficient "Blue Lane" to promote trade facilitation. Through diagnostic assessments, the development of risk management systems, the improvement of post-clearance audit systems, and the construction of the "Blue Lane," Armenian Customs is moving towards modernization and intelligence. This progress contributes significantly to trade security and economic development.

02/03/2026 Customs Knowledge
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