Eastsouthern Africa Customs Officials Tackle Transfer Pricing

Eastsouthern Africa Customs Officials Tackle Transfer Pricing

A joint workshop by the World Customs Organization (WCO) and the OECD aimed to enhance the expertise of customs officials in East and Southern Africa on transfer pricing and customs valuation. The initiative promotes regional customs cooperation, maintains fair trade practices, and combats tax evasion. By strengthening the capacity of customs administrations in these areas, the workshop supports efforts to ensure accurate valuation of goods and prevent illicit financial flows, ultimately contributing to a more transparent and equitable global trading system.

02/02/2026 Customs Knowledge
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HS Codes Boost Circular Economy Through Trade Harmonization

HS Codes Boost Circular Economy Through Trade Harmonization

A WCO seminar explored optimizing HS codes to more accurately reflect the life cycle of materials like plastics, metals, and wood. The aim is to support environmentally sustainable trade and the circular economy. Discussions focused on how refined HS classifications can better track and manage resources throughout their lifespan, promoting reuse, recycling, and reduced waste. This initiative aligns with global efforts to foster a more sustainable and resource-efficient global trading system and facilitate the implementation of green customs practices.

02/03/2026 HS Code Query
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Wcos Green HS Initiative Promotes Sustainable Global Trade

Wcos Green HS Initiative Promotes Sustainable Global Trade

The World Customs Organization (WCO) has launched the 'Green HS' initiative, aiming to support global sustainable trade by revising the Harmonized System (HS) code. The inaugural workshop focused on agricultural biodiversity and food security, bringing together stakeholders to gather proposals for the 2027 and subsequent HS revisions. This initiative seeks to transform the HS into a powerful tool for promoting sustainable trade practices worldwide. The goal is to ensure that HS codes accurately reflect and facilitate environmentally friendly and socially responsible trade activities.

02/03/2026 Customs Knowledge
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HS Codes Boost Green Transition in Textile Industry

HS Codes Boost Green Transition in Textile Industry

The World Customs Organization (WCO) held a seminar exploring how the Harmonized System (HS) can support the green transition of the textile industry. Participants emphasized the importance of value chain transparency, industry sustainability strategies, circular economy standardization, and technological innovation. Discussions focused on the role of the HS in identifying environmentally friendly textiles, aiming to foster a greener global trade system. The seminar highlighted the potential of HS codes to promote sustainable practices and contribute to a more environmentally responsible textile sector worldwide.

02/03/2026 HS Code Query
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Burkina Faso Boosts Customs with Wcobacked Reforms

Burkina Faso Boosts Customs with Wcobacked Reforms

With support from the Japan Customs Cooperation Fund, the World Customs Organization (WCO) held a workshop in Burkina Faso to assist the country in implementing the revised Kyoto Convention (RKC) and the SAFE Framework. The workshop focused on the Authorized Economic Operator (AEO) program, providing practical guidance on the RKC and AEO for customs officials and private sector representatives of Burkina Faso. It also helped develop action plans to improve customs administration and promote international trade development in Burkina Faso.

02/03/2026 Customs Knowledge
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Cape Verde Boosts Trade Through Stakeholder Engagement

Cape Verde Boosts Trade Through Stakeholder Engagement

Cabo Verde has made significant progress in trade facilitation through the WCO-WACAM project, with effective stakeholder engagement being key. The project supports Cabo Verde in implementing measures related to the WTO Trade Facilitation Agreement and enhancing customs management capabilities. Through collaboration, Cabo Verde successfully completed a Time Release Study at Praia Port, laying the foundation for improved national port efficiency and demonstrating the value of a collaborative approach. This initiative highlights Cabo Verde's commitment to streamlining trade processes and fostering economic growth.

02/03/2026 Customs Knowledge
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Moldova Boosts Trade Compliance with Wcobacked Customs Upgrades

Moldova Boosts Trade Compliance with Wcobacked Customs Upgrades

The World Customs Organization (WCO) held a Customs Valuation Workshop in Moldova, aiming to enhance the understanding and application of the WTO Valuation Agreement among Moldovan customs officials. The workshop focused on strengthening the role of valuation databases in risk assessment, standardizing valuation procedures, and addressing challenging issues such as the valuation of second-hand goods, the determination of assistance costs, and license fees. This initiative contributes to trade facilitation and economic development by improving customs valuation practices in Moldova.

02/03/2026 Customs Knowledge
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2017 HS Code Revisions Impact Global Trade Practices

2017 HS Code Revisions Impact Global Trade Practices

The World Customs Organization (WCO) implemented its fifth major revision to the Harmonized System (HS) Nomenclature and Coding system in 2017. This revision includes 233 sets of amendments spanning key sectors such as agriculture, chemicals, timber, textiles, base metals, machinery, and transportation. The aim of this revision is to enhance the accuracy and applicability of HS codes, thereby having a profound impact on global trade. These changes are crucial for businesses involved in international trade to ensure compliance and accurate classification of goods.

02/03/2026 HS Code Query
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Madagascar Tax Authority Enhances Revenue Via HR Modernization

Madagascar Tax Authority Enhances Revenue Via HR Modernization

The Madagascar Revenue Authority (MRA) is modernizing its human resource management system with the support of the World Customs Organization (WCO). By building a competency-based HR management system and empowering the HR department to become a strategic partner, the MRA aims to improve tax collection efficiency, optimize taxpayer services, and ultimately promote sustainable national economic development. The WCO's continued support will provide strong momentum for the MRA's modernization process. The focus is on developing talent and building capacity within the organization.

02/03/2026 Customs Knowledge
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IATA Sets Global Aviation Safety and Industry Standards

IATA Sets Global Aviation Safety and Industry Standards

The International Air Transport Association (IATA), based in Montreal, is responsible for setting aviation standards, promoting market development, communicating and collaborating with airlines, safeguarding industry interests, and enhancing data and training services. It also focuses on environmental protection and sustainable development.

08/04/2025 Airlines
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