Bangladesh Enhances Trade Efficiency with Wcobacked Study

Bangladesh Enhances Trade Efficiency with Wcobacked Study

The World Customs Organization (WCO) and the Swiss State Secretariat for Economic Affairs (SECO) Global Trade Facilitation Programme (GTFP) held a strategic dialogue with the National Board of Revenue (NBR) of Bangladesh in February 2021 to strengthen Bangladesh's Time Release Study (TRS) capabilities. The meeting reviewed Bangladesh Customs' TRS experience and developed a future action plan to improve clearance efficiency and promote trade facilitation. The aim is to streamline processes and reduce the time required for goods to be released from customs control, ultimately boosting trade competitiveness.

Burkina Faso Hosts Workshop on Trade Modernization Reforms

Burkina Faso Hosts Workshop on Trade Modernization Reforms

With support from Japan, the World Customs Organization (WCO) held a seminar in Burkina Faso to promote the implementation of the Revised Kyoto Convention (RKC). The seminar aimed to enhance customs efficiency and facilitate integration into global trade. The RKC is a key international instrument for simplifying and harmonizing customs procedures. By adopting the RKC and implementing programs like Authorized Economic Operator (AEO) certification, countries can streamline trade processes, reduce costs, and improve security. This initiative contributes to broader trade facilitation efforts and supports economic development.

WCO Issues Guidance for Consistent HS Commodity Classification

WCO Issues Guidance for Consistent HS Commodity Classification

The World Customs Organization (WCO) recommendations promote the implementation of Harmonized System (HS) resolutions, facilitating global trade and compliance. These recommendations, often discussed within the HS Committee, aim to provide clarity and consistency in customs classification. By adhering to WCO guidelines and HS resolutions, countries can streamline import and export processes, reduce trade barriers, and ensure accurate tariff application. This ultimately contributes to a more efficient and transparent international trading environment.

WCO and UN Push for Global Trade Data Standardization

WCO and UN Push for Global Trade Data Standardization

The World Customs Organization (WCO) recommends that its member customs administrations transmit trade data based on the Harmonized System (HS) to the United Nations Statistics Division (UNSD). This aims to promote the standardization and interoperability of global trade data. This initiative is significant for improving data quality, strengthening international cooperation, promoting trade facilitation, and fostering sustainable development. Ultimately, it contributes to building a new landscape for global trade data sharing.

Wcos New Harmonized System Index Streamlines Customs Searches

Wcos New Harmonized System Index Streamlines Customs Searches

The World Customs Organization (WCO) offers the 'Harmonized System Compendium and Alphabetical Index,' a comprehensive, alphabetically organized index of commodities mentioned in the Harmonized System (HS) and its Explanatory Notes. This resource assists importers, exporters, customs brokers, and others in quickly and accurately finding HS codes, thereby improving trade efficiency and reducing operational costs. It is available through online subscription or purchase, providing easy access to essential commodity classification information.

WCO Task Force Sets Global Passenger Control Guidelines

WCO Task Force Sets Global Passenger Control Guidelines

The World Customs Organization (WCO) Passenger Facilitation and Control Working Group (PFCWG) has concluded its work. The group developed global data standards, promoted customs-industry cooperation, and addressed challenges posed by new travel patterns. The WCO will continue to advance these efforts to build a safer and more convenient global travel ecosystem. This includes streamlining processes and leveraging technology to enhance security while minimizing disruptions for legitimate travelers.

Cuba Fasttracks AEO Program to Boost Trade Security

Cuba Fasttracks AEO Program to Boost Trade Security

Cuba is actively promoting the AEO program to enhance trade facilitation and security. The World Customs Organization (WCO) provides crucial support, conducting workshops to improve Cuban Customs' capacity in AEO certification and mutual recognition arrangements. Cuba plans to fully implement the AEO program by the end of 2019 and actively seeks mutual recognition agreements with other countries. This will significantly improve Cuba's trade competitiveness and promote international trade cooperation.

WCO Backs Philippines Customs Modernization with HRM System

WCO Backs Philippines Customs Modernization with HRM System

The World Customs Organization (WCO) successfully conducted a personnel management diagnostic of the Bureau of Customs (BOC) in the Philippines. This aimed to support BOC's strategic goals and HR modernization by building a competency-based HRM system. The diagnostic highlighted the importance of HR roles, competency-based HRM, and training development. The BOC committed to adopting the WCO's 18 customized recommendations to drive the implementation of future action plans.

WCO Belgian Customs Academy Boost African Customs Training

WCO Belgian Customs Academy Boost African Customs Training

WCO, in collaboration with the Belgian Customs Academy, provides training to African customs officials to enhance their capabilities. Recently, officials visited the WCO headquarters to deepen cooperation, focusing on areas such as digital transformation. This partnership aims to strengthen customs administration in Africa and facilitate trade by building a skilled workforce and promoting modern practices. The collaboration underscores the WCO's commitment to supporting Africa's development through effective customs management and capacity building initiatives.

WCO Aids Bosnia in Ecommerce Customs Reform

WCO Aids Bosnia in Ecommerce Customs Reform

The World Customs Organization (WCO) held a cross-border e-commerce workshop in Bosnia and Herzegovina (BiH) to enhance BiH Customs' awareness of WCO tools and initiatives, promoting the security and facilitation of cross-border e-commerce. The workshop highlighted the WCO Framework of Standards on Cross-Border E-Commerce and the Immediate Release Guidelines, and discussed topics such as intellectual property rights protection. BiH Customs officials stated that the workshop deepened their understanding of WCO tools and will contribute to the implementation of the E-Commerce Framework of Standards (FoS).