Bahamas Customs Boosts Trade Via Wcobacked AEO Program

Bahamas Customs Boosts Trade Via Wcobacked AEO Program

The World Customs Organization (WCO) is assisting the Bahamas Customs Department in implementing an Authorized Economic Operator (AEO) program to enhance trade efficiency and security. Through training, regulatory development, and pilot projects, the Bahamas is actively building its AEO framework. AEO certification not only provides customs clearance benefits for businesses but also promotes global trade development. Chinese enterprises should also actively participate in the AEO system to enhance their international competitiveness.

01/20/2026 Customs Knowledge
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Iran Boosts Trade Efficiency with Wcobacked HS Code Reform

Iran Boosts Trade Efficiency with Wcobacked HS Code Reform

Iran, with the support of the World Customs Organization (WCO), held a national workshop focusing on the application and optimization of the Harmonized System (HS) Code. This initiative aims to enhance the professional skills of customs officials, optimize classification methods, and promote trade development. This will lead to faster customs clearance, lower trade costs, and clearer trade regulations for businesses, helping Iran play a greater role in the global trade arena.

01/20/2026 Customs Knowledge
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Lesotho Implements Customs Preruling System to Ease Trade

Lesotho Implements Customs Preruling System to Ease Trade

The WCO is assisting Lesotho in establishing a customs advance ruling system to reduce trade costs and improve customs clearance efficiency. Discussions between the two parties covered legal amendments, software upgrades, and the development of an action plan to promote economic development. This initiative aims to streamline trade processes, provide greater certainty for traders, and ultimately contribute to Lesotho's economic growth by fostering a more predictable and efficient trading environment.

01/26/2026 Customs Knowledge
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Uzbekistan Streamlines Customs to Boost Trade Efficiency

Uzbekistan Streamlines Customs to Boost Trade Efficiency

The State Customs Committee (SCC) of Uzbekistan, with the support of the World Customs Organization (WCO), conducted a strategic planning workshop aimed at enhancing customs strategic planning and performance measurement capabilities to develop a comprehensive customs strategic plan. The workshop emphasized the importance of strategic maps and Key Performance Indicators (KPIs) to promote trade facilitation, enhance national competitiveness, increase tax revenues, and combat smuggling and violations, ultimately improving Uzbekistan's international image.

01/26/2026 Customs Knowledge
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Ports and Customs Collaboration Boosts Global Supply Chain Efficiency

Ports and Customs Collaboration Boosts Global Supply Chain Efficiency

The World Customs Organization (WCO) and the International Association of Ports and Harbors (IAPH) jointly held a seminar to strengthen customs-port cooperation and improve global supply chain efficiency. Both parties emphasized the necessity of collaboration and explored ways to break down barriers and achieve mutual trust and benefit through digitalization and standardization. This seminar marks a new stage in customs-port cooperation, foreshadowing new opportunities for global trade development.

01/26/2026 Port Encyclopedia
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Gambia Revenue Authority Boosts Staff Training with WACAM Partnership

Gambia Revenue Authority Boosts Staff Training with WACAM Partnership

The World Customs Organization (WCO), through the West Africa Customs Administration Modernization Project, supported the Gambia Revenue Authority (GRA) in implementing competency-based human resource management modernization. The expert team assisted the GRA in refining key tools such as the competency directory and job directory, laying the foundation for subsequent communication, change management, and system implementation. This initiative aims to improve tax collection efficiency and promote national economic development.

01/26/2026 Customs Knowledge
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YTO Express Q3 2024 Financial Report: Net Profit Increases 10.21% Year-over-year, International Strategy Accelerates

YTO Express Q3 2024 Financial Report: Net Profit Increases 10.21% Year-over-year, International Strategy Accelerates

YTO Express released its third quarter financial report, showing a revenue of 49.369 billion yuan and a net profit of 2.93 billion yuan for the first three quarters, reflecting year-on-year growth. The company will continue to optimize its digital and intelligent development, actively promote its international strategy, increase its aviation business layout, enhance market competitiveness, and commit to expanding its global business and growth potential.

12/12/2024 Logistics
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Colombia Mexico Boost Customs Risk Management Via GTFP

Colombia Mexico Boost Customs Risk Management Via GTFP

Supported by the WCO-SECO GTFP project, Colombian Customs visited Mexican Customs to learn about risk management practices and enhance its modernization. The visit combined online and offline sessions, focusing on risk identification, assessment, control, departmental collaboration, and IT infrastructure. This cooperation aims to promote trade facilitation and address global trade challenges. The knowledge gained will help Colombia improve its risk management system and contribute to more efficient and secure trade processes.

01/05/2026 Customs Knowledge
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New Customs Rules Clarify Valuation of Franchise Royalties

New Customs Rules Clarify Valuation of Franchise Royalties

The new WCO regulations clarify that franchise and brand royalties are not included in customs valuation if they are not directly related to the imported goods. Businesses need to understand the criteria for determining this direct relationship to minimize trade costs. This clarification provides greater certainty and potentially reduces the customs duties payable on imported goods where franchise or brand royalties are involved but are unrelated to the specific characteristics or production of those goods.

01/05/2026 Customs Knowledge
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Jordan Faces Trade Hurdles Gains Under WTO Pact

Jordan Faces Trade Hurdles Gains Under WTO Pact

Jordan, under the WTO Trade Facilitation Agreement, is leveraging the WCO Mercator Programme to advance customs pre-arrival rulings, border management, and other trade facilitation measures. Full implementation of the TFA is crucial for the Jordanian economy. The Mercator Programme supports Jordan in modernizing its customs procedures and aligning them with international standards, ultimately aiming to reduce trade costs and improve efficiency. This will enhance Jordan's competitiveness and contribute to sustainable economic growth.

01/05/2026 Customs Knowledge
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