WCO and OASIS Collaborate to Standardize Global Trade Tech

WCO and OASIS Collaborate to Standardize Global Trade Tech

The World Customs Organization (WCO) and the Organization for the Advancement of Structured Information Standards (OASIS) signed a Memorandum of Understanding to promote the adoption of technical standards by governments and the public sector worldwide, particularly in customs. This collaboration aims to streamline customs procedures and enhance trade efficiency using open IT technologies, ultimately building a secure and efficient supply chain. This signifies the dawn of a new era in trade driven by technical standards, fostering greater interoperability and transparency in global commerce.

12/30/2025 Customs Knowledge
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How To Properly Fill In The Transaction Method In The Export Customs Declaration?

How To Properly Fill In The Transaction Method In The Export Customs Declaration?

This guide provides detailed instructions on how to correctly fill in the 'Transaction Terms' section of the Export Goods Customs Declaration. It outlines the steps and considerations for various international trade terms such as FOB, C&F, and CIF. This not only helps improve customs efficiency but also reduces transaction risks, making it an essential reference for anyone engaged in international trade.

07/16/2025 Logistics Encyclopedia
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Enhancing China-russia Border Customs Cooperation to Build the Silk Road Economic Belt

Enhancing China-russia Border Customs Cooperation to Build the Silk Road Economic Belt

A meeting was held at the Harbin Customs on the China-Russia border to discuss and promote customs cooperation and trade facilitation between the two countries. The conference aimed to strengthen the connection between the 'Longjiang Silk Road' and the 'Coastal Highway 1,' addressing issues such as port management and mutual recognition of commodity regulation. Future cooperation directions were planned to promote the smooth progress of bilateral trade.

07/21/2025 Logistics
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Improved Export Standards for Agricultural Products in Zhenhai A Key Role for New Customs Service Model

Improved Export Standards for Agricultural Products in Zhenhai A Key Role for New Customs Service Model

Zhenhai's agricultural product exports have seen significant growth supported by efficient customs services. By establishing liaisons and offering one-on-one guidance, customs helped companies enhance management and ensure product quality. Additionally, timely information support has provided businesses with the means to navigate international trade regulations, boosting export performance.

07/23/2025 Logistics
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China Updates Baggage Declaration Rules for Travelers

China Updates Baggage Declaration Rules for Travelers

This article provides a detailed guide on completing the "Customs Declaration Form for Inbound/Outbound Passengers of the People's Republic of China," emphasizing the importance of truthful declaration. It explains key points, common mistakes, and precautions for filling out the form, aiming to help travelers pass through customs smoothly and avoid unnecessary problems. The guide covers aspects like item descriptions, quantities, and values. It also mentions professional customs declaration and inspection services for complex situations, ensuring compliance and efficient processing of luggage and personal effects.

08/21/2025 Document Interpretation
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Revised Kyoto Convention Boosts Global Trade Efficiency

Revised Kyoto Convention Boosts Global Trade Efficiency

The 23rd session of the World Customs Organization's (WCO) Revised Kyoto Convention (RKC) Management Committee marked a crucial second phase in the RKC review. The meeting approved the WGRKC's final report and discussed the business case for the RKC review, laying the groundwork for subsequent revisions. The RKC's revision will streamline customs procedures, enhance transparency, and promote global trade facilitation, significantly impacting businesses. This update aims to modernize customs practices and adapt to evolving global trade patterns, ultimately reducing costs and delays for international trade.

12/30/2025 Customs Knowledge
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ATA Carnet Simplifies International Trade for Businesses

ATA Carnet Simplifies International Trade for Businesses

The ATA Carnet serves as a duty-free passport for international trade, allowing businesses to temporarily import goods into over 80 countries and regions without customs duties. By simplifying customs procedures, it helps companies reduce costs and enhance cross-border business efficiency, making it a vital tool for promoting international trade.

08/05/2025 Customs Knowledge
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WCO Chief Praises Uzbekistans Growing Trade Prospects

WCO Chief Praises Uzbekistans Growing Trade Prospects

In 2010, the WCO Secretary-General visited Uzbekistan, meeting with the President to focus on regional customs cooperation and economic development. As a double-landlocked country, Uzbekistan faces unique challenges but remains committed to trade liberalization, emphasizing the importance of the private sector and education. The WCO pledged its support, highlighting the role of customs in facilitating trade. A Memorandum of Understanding was signed with the Asian Development Bank (ADB) to jointly promote regional economic development. The visit underscored the importance of customs cooperation in fostering economic growth in Central Asia.

12/30/2025 Customs Knowledge
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Delayed Payment Fees Impact Import Process Efficiency

Delayed Payment Fees Impact Import Process Efficiency

A late payment fee refers to the charge that freight forwarders or customs brokers impose on customers after paying customs duties and value-added tax on their behalf, typically calculated as a percentage of the amount paid. Understanding this fee can help businesses optimize their import processes, control costs, and enhance market competitiveness.

08/05/2025 Customs Knowledge
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