WTO Trade Deal Advances with World Customs Organization Support

WTO Trade Deal Advances with World Customs Organization Support

The WCO Working Group on Trade Facilitation Agreement emphasized the WCO's crucial role in implementing the TFA. Discussions centered on supporting global trade flow through tools and initiatives like National Trade Facilitation Committees, Coordinated Border Management, Time Release Studies, and the Mercator Programme. The meeting also approved a study tool designed to assist members in submitting national practice case studies easily incorporated into implementation guidelines. This aims to further streamline trade processes and enhance efficiency at borders worldwide.

WCO and WTO Partner to Boost Global Trade Efficiency

WCO and WTO Partner to Boost Global Trade Efficiency

The World Customs Organization (WCO), in collaboration with the World Trade Organization (WTO), held an advanced training course in Geneva for chairpersons of National Trade Facilitation Committees from French-speaking countries. The course aimed to enhance their understanding of the Trade Facilitation Agreement (TFA) and improve their communication and collaboration skills with stakeholders. The curriculum was based on WCO's capacity building materials and introduced key tools such as the Mercator Program. Both organizations will continue their collaboration to organize similar courses for Spanish-speaking countries.

WCO and WTO Enhance Collaboration to Boost Global Trade

WCO and WTO Enhance Collaboration to Boost Global Trade

The World Customs Organization and the World Trade Organization reached a consensus at the 6th Global Aid for Trade Review, agreeing to further deepen cooperation to jointly promote the implementation of the Trade Facilitation Agreement and strengthen collaboration in emerging areas such as e-commerce. This collaborative effort aims to create a more convenient and efficient environment for global trade, reducing barriers and fostering economic growth through streamlined customs procedures and enhanced international partnerships. The focus remains on facilitating smoother cross-border transactions and leveraging digital technologies for trade advancement.

WTO Rules Against Trump Tariffs Ignites Trade Policy Debate

WTO Rules Against Trump Tariffs Ignites Trade Policy Debate

The World Trade Organization ruled that the Trump administration's tariffs on China violated global trade rules, but the short-term impact is limited. Experts are calling for abandoning unilateralism and adopting a new strategy of win-win cooperation, uniting allies to urge China to change unfair trade practices, jointly address global trade challenges, and achieve global trade prosperity and development. This shift emphasizes collaboration over confrontation in navigating complex international trade issues.

WTO Aids Bolivia in Strengthening Customs Resilience During Pandemic

WTO Aids Bolivia in Strengthening Customs Resilience During Pandemic

The World Trade Organization's Global Programme on Trade Facilitation (PMFE) organized stress management and psychological support training for Bolivian customs officers to help them cope with the challenges posed by the pandemic. The training included online assessments, knowledge dissemination, and offline workshops, focusing on work-life balance and enhancing psychological resilience. Following the training, customs officers acquired stress management skills, and the expert team proposed establishing a regular stress management mechanism. This initiative aimed to improve the well-being and effectiveness of customs personnel during a demanding period.

WTO and WCO Sign Pact to Enhance Trade Security Facilitation

WTO and WCO Sign Pact to Enhance Trade Security Facilitation

The World Customs Organization and the World Trade Organization signed a Memorandum of Understanding to strengthen cooperation on customs-related matters and enhance global trade efficiency and security. The two organizations will collaborate on technical assistance, information sharing, and combating illicit trade, with a focus on the implementation of the Trade Facilitation Agreement and the application of coordination mechanisms. This partnership aims to address global trade challenges and promote sustainable development by fostering streamlined customs procedures and improved international collaboration in trade-related areas.

WCO and ICC Partner to Strengthen WTO Customs Valuation Rules

WCO and ICC Partner to Strengthen WTO Customs Valuation Rules

The World Customs Organization (WCO) and the International Chamber of Commerce (ICC) have a long-standing collaboration to promote the global application of the WTO Customs Valuation Agreement. In 2000, they issued a joint declaration aimed at promoting uniform, transparent, and fair customs valuation standards. This collaboration seeks to foster global trade compliance, transparency, and facilitation, ultimately reducing trade costs for businesses. The joint efforts emphasize the importance of consistent and predictable customs valuation practices for efficient and equitable international trade.

WTO and WCO Partner to Enhance Global Trade Living Standards

WTO and WCO Partner to Enhance Global Trade Living Standards

The Director-General of the World Trade Organization (WTO) emphasized the crucial role of collaboration between trade and customs communities in improving global well-being at the World Customs Organization (WCO) Council meeting. By strengthening information sharing, capacity building, and technological innovation, the WTO and WCO can jointly build a more prosperous, equitable, and sustainable global trading system. This cooperation is essential for facilitating trade, ensuring security, and promoting economic development worldwide. The focus is on streamlining processes and fostering a collaborative environment for mutual benefit.

WTO Clarifies undertaken in Customs Rules to Ensure Fair Trade

WTO Clarifies undertaken in Customs Rules to Ensure Fair Trade

In 1983, the Customs Valuation Committee clarified that the term "undertaken" in Article 8 of the Customs Valuation Agreement should be interpreted as "carried out" in the English context. This interpretation aimed to standardize understanding and prevent trade disputes arising from linguistic differences. However, this clarification does not affect the French and Spanish versions of the Agreement. The ruling emphasizes the importance of consistent interpretation in international trade agreements to ensure fair and predictable application across different language versions.

WCO WTO Train Trade Committee Chairs to Boost Global Commerce

WCO WTO Train Trade Committee Chairs to Boost Global Commerce

The World Customs Organization (WCO), in collaboration with the World Trade Organization (WTO), empowers National Trade Facilitation Committee (NTFC) Chairs through capacity building, enhancing their understanding and implementation of the Trade Facilitation Agreement (TFA). The WCO's Mercator Program and related tools are highlighted within the curriculum, aiming to assist countries in improving trade efficiency. This multi-stakeholder cooperation model provides an effective pathway for global trade facilitation.