Bhutan Boosts Trade Efficiency with WCO Tariff Support

Bhutan Boosts Trade Efficiency with WCO Tariff Support

The WCO is assisting Bhutan in developing its advance ruling system and optimizing tariff classification, enhancing customs capacity, facilitating trade, increasing revenue, and improving the business environment. This initiative focuses on modernizing customs procedures and providing traders with certainty regarding tariff treatment before import or export. By implementing a robust advance ruling system, Bhutan aims to streamline trade processes, reduce disputes, and attract foreign investment. The project contributes to the overall modernization of Bhutanese customs and its alignment with international best practices.

Global Trade Adopts PLACI for Safer Air Cargo

Global Trade Adopts PLACI for Safer Air Cargo

The 12th TEGACS Conference adopted the PLACI guiding principles, marking a significant upgrade in air cargo security. Pilot programs were initiated in the EU, US, and Canada, with enhanced cooperation between the WCO and ICAO. Technology is leveraged to address emerging challenges. PLACI aims to proactively identify risks, improve efficiency, and reshape the global trade landscape, achieving a balance between security and efficiency. This initiative seeks to streamline processes while ensuring robust security measures are in place for air cargo transportation worldwide.

East Africa Trade Project Ends Strengthens Regional Ties

East Africa Trade Project Ends Strengthens Regional Ties

With the support of WCO and JICA, five East African countries successfully completed a trade facilitation and border control capacity development project. Focusing on One-Stop Border Post operations and customs capacity building, the project significantly improved trade efficiency and border control levels in the East African region. The WCO Secretary General praised East Africa's experience, encouraging its sharing with other African regions. He also emphasized the continued support for customs capacity building in Africa and Pacific Island countries.

Blockchain Platform CADENA Boosts Latin America Trade Efficiency

Blockchain Platform CADENA Boosts Latin America Trade Efficiency

The CADENA project leverages blockchain technology to build a cross-border trade data exchange platform in Latin America, connecting 8 countries and covering 14 mutual recognition agreements. Project experience highlights key success factors: co-creation design, proof of concept, selecting appropriate blockchain infrastructure, embracing open source, standardization, and iterative testing. This project offers valuable lessons for global blockchain-enabled trade facilitation initiatives, demonstrating the potential of distributed ledger technology to streamline processes and enhance transparency in international trade.

Revised Kyoto Convention to Enhance Trade Facilitation Postreview

Revised Kyoto Convention to Enhance Trade Facilitation Postreview

The 30th session of the Revised Kyoto Convention (RKC) Management Committee focused on reviewing specific annexes aimed at simplifying customs procedures, reducing trade costs, improving clearance efficiency, and promoting international trade growth. The meeting decided to extend the review period until December 2023 to refine the RKC guidelines and draft annexes. This extension aims to create a more convenient and efficient future for global trade by ensuring the RKC remains a relevant and effective tool for trade facilitation worldwide.

Kenya Boosts Trade Efficiency with WCO Customs Program

Kenya Boosts Trade Efficiency with WCO Customs Program

Kenya Customs requested the WCO to conduct an assessment of its trade facilitation measures. The assessment highlighted progress in information availability and risk management. However, improvements are needed in coordination between agencies, capacity building initiatives, and the further development of ICT infrastructure for customs procedures. The report emphasized the importance of addressing these areas to enhance trade efficiency and reduce trade costs for businesses operating in Kenya.

Revised Kyoto Convention Aims to Simplify Global Trade

Revised Kyoto Convention Aims to Simplify Global Trade

The 29th session of the Revised Kyoto Convention Management Committee focused on the comprehensive revision of the Kyoto Convention, discussing 50 potential draft texts related to specific annexes, covering key areas such as goods handling, postal traffic, and relief consignments. The meeting urged all parties to actively participate in promoting trade facilitation and fostering global economic growth. Businesses should closely monitor the revision's progress, optimize business processes, and prepare for the opportunities and challenges brought by the new regulations.

Palau Boosts Trade Efficiency with WCO Customs Training

Palau Boosts Trade Efficiency with WCO Customs Training

Palau hosted a WCO tariff classification workshop to enhance customs officials' skills and promote trade facilitation. Through international cooperation, Palau Customs will better align with international standards, contributing to national development goals. This event offers valuable lessons for other developing countries, emphasizing the importance of strengthening customs capacity building. The training aims to improve the accuracy and efficiency of tariff classification, reducing delays and costs associated with international trade. Ultimately, this contributes to a more streamlined and competitive trade environment for Palau.

Revised Kyoto Convention Aims to Streamline Global Trade

Revised Kyoto Convention Aims to Streamline Global Trade

The 15th session of the Revised Kyoto Convention Management Committee focused on the convention's widespread accession and effective implementation. Discussions covered the challenges and opportunities associated with joining the convention. The committee approved updates to the guidelines on the 'de minimis' system and Specific Annex J.2 concerning postal traffic. A new virtual working group was established to plan the convention's revision process, aiming to ensure it adapts to modern customs management needs and promotes international trade facilitation. The revisions intend to streamline customs procedures and enhance efficiency within the global trade landscape.

Armenia Joins Kyoto Convention to Boost Trade Efficiency

Armenia Joins Kyoto Convention to Boost Trade Efficiency

Armenia has joined the Revised Kyoto Convention, becoming its 90th contracting party. This convention aims to simplify and harmonize global customs procedures, boosting trade efficiency through streamlined processes, technology application, risk management, and enhanced cooperation. It attracts foreign investment and promotes global trade facilitation. More countries joining will contribute to building a more open and inclusive global trading system. The Revised Kyoto Convention is a key instrument for modernizing customs procedures and reducing trade barriers.