Abu Dhabi Customs Streamlines Trade with Preruling System

Abu Dhabi Customs Streamlines Trade with Preruling System

Abu Dhabi Customs is actively implementing an Advance Ruling System to optimize commodity classification, valuation, and origin processes, aiming to comply with the WTO Trade Facilitation Agreement. Through legal framework and infrastructure upgrades, with technical support from the WCO, Customs is committed to raising trader awareness and officer capabilities. The Advance Ruling System is expected to reduce trade costs, improve efficiency, enhance compliance, and attract more foreign investment, injecting new momentum into Abu Dhabi's trade development.

Comptia Calls for Global Digital Trade System Overhaul

Comptia Calls for Global Digital Trade System Overhaul

CompTIA urges the World Customs Organization (WCO) to optimize the Harmonized System (HS) to adapt to the rapidly evolving business landscape. Recommendations include revisiting valuation criteria, shortening review cycles, increasing private sector involvement, and providing explanatory notes free of charge. These suggestions aim to facilitate the digital transformation of global trade by ensuring the HS accurately reflects modern goods and services. Updating the HS is crucial for efficient customs procedures and smooth international commerce in the digital age.

Central America Customs Modernized Under Global Trade Initiative

Central America Customs Modernized Under Global Trade Initiative

The WCO and SECO's GTFP project assists Central American countries in implementing the Revised Kyoto Convention (RKC), simplifying customs procedures, and promoting trade facilitation and economic growth. The project aims to streamline border processes, reduce transaction costs, and enhance the predictability and transparency of customs operations. By adopting the RKC standards, these countries can improve their competitiveness in the global market and attract foreign investment. This initiative contributes to regional integration and sustainable development by fostering a more efficient and effective trading environment.