Brazil Study Reveals Trade Facilitation Opportunities

Brazil Study Reveals Trade Facilitation Opportunities

Brazil's first national Time Release Study (TRS) revealed an average release time of 7.5 days, with customs clearance accounting for less than 10% and private sector processes exceeding half. The study, following the WCO methodology, aims to enhance transparency and promote trade facilitation, with plans to publicly release the raw data. The research underscores the critical role of data-driven approaches in optimizing customs procedures and fostering trade facilitation. It highlights areas for improvement within both public and private sectors to streamline the overall import/export process.

Americas Caribbean Boost Crossborder Ecommerce Supply Chains

Americas Caribbean Boost Crossborder Ecommerce Supply Chains

The Americas and Caribbean Customs-Postal Strategy Conference highlighted the crucial role of customs-postal cooperation in fostering cross-border e-commerce. The WCO emphasized data-driven approaches and standardized frameworks, while the UPU and PUASP focused on process optimization and combating smuggling. Participants committed to strengthening collaboration to build a more efficient and secure global postal supply chain, laying the groundwork for the future development of cross-border trade. This includes enhanced data exchange and harmonized procedures to facilitate smoother and safer international transactions.

WCO Initiative Enhances Trade Efficiency in Central Asia Caucasus

WCO Initiative Enhances Trade Efficiency in Central Asia Caucasus

The World Customs Organization (WCO) held a Time Release Study (TRS) workshop for the Central Asia and Caucasus region in Georgia, aiming to improve regional trade efficiency. Through theoretical learning, field visits, and technical training, participants gained in-depth knowledge of the TRS methodology and developed national action plans. The WCO is committed to promoting connectivity across the Trans-Caspian Corridor, injecting new vitality into regional economic development. The workshop emphasized the importance of streamlined customs procedures for boosting trade along the Central Asia Corridor.

EUWCO Project Boosts African Customs Modernization Trade

EUWCO Project Boosts African Customs Modernization Trade

The EU-WCO cooperation project promotes customs modernization in Africa by optimizing the Harmonized System and rules of origin, and strengthening capacity building. This creates a more efficient trade environment, fostering intra-African trade and regional economic integration. The project has yielded significant results and will continue to support African customs development, contributing to the establishment of the African Continental Free Trade Area. Its focus on streamlining procedures and enhancing skills will be crucial for unlocking Africa's trade potential and fostering sustainable economic growth across the continent.

WCO Aids Togo in Customs Valuation to Boost Trade Efficiency

WCO Aids Togo in Customs Valuation to Boost Trade Efficiency

WCO training assisted Togo in enhancing its customs valuation capabilities. This initiative focused on strengthening personnel skills to ensure compliant and efficient valuation practices. By improving valuation procedures, the training contributes to trade facilitation and promotes smoother international trade flows. The program aims to equip Togo's customs officials with the necessary expertise to accurately assess the value of imported goods, leading to increased revenue collection and improved border security. Ultimately, this technical assistance supports Togo's economic development by fostering a more transparent and predictable trading environment.

Moldova Boosts Trade Via Mercator Program WTO Deal

Moldova Boosts Trade Via Mercator Program WTO Deal

Moldova, with support from Switzerland and the WCO, has launched the "Mercator Program" to streamline customs procedures, improve trade efficiency, and foster economic growth and regional cooperation. The initiative aims to reduce trade barriers, simplify documentation, and enhance transparency in cross-border trade. By implementing modern customs practices and technologies, Moldova seeks to boost its competitiveness and integrate further into the global economy. The Mercator Program is expected to contribute significantly to Moldova's economic development and strengthen its position as a reliable trading partner.

WTO Marks 50 Years of Fair Trade Rules Under Customs Pact

WTO Marks 50 Years of Fair Trade Rules Under Customs Pact

This paper reviews the 50-year development of the WTO Customs Valuation Agreement, emphasizing its crucial role in maintaining fair trade and promoting international cooperation. It examines the agreement's impact on global trade practices and its contributions to reducing trade barriers. Furthermore, the paper looks forward to future development directions, considering emerging challenges and opportunities in the international trade landscape. It highlights the agreement's continued relevance in ensuring transparent and predictable customs valuation procedures, fostering trust among trading partners, and facilitating efficient cross-border trade flows.

South Africa Nigeria Strengthen Trade Ties Under Afcfta

South Africa Nigeria Strengthen Trade Ties Under Afcfta

Supported by the WCO's Accelerate Trade Facilitation Programme, the South African Revenue Service (SARS) and the Nigeria Customs Service (NCS) successfully conducted an experience exchange focusing on post-clearance audit, Authorized Economic Operator (AEO), and risk management. The aim was to enhance the NCS's risk management capabilities, promote trade compliance, and contribute to the prosperity of the African Continental Free Trade Area (AfCFTA). This collaboration underscores the importance of customs cooperation in facilitating trade and strengthening regional economic integration through improved risk assessment and streamlined procedures.

Wcos ECP Phase V Modernizes Global Trade Competitiveness

Wcos ECP Phase V Modernizes Global Trade Competitiveness

The World Customs Organization's (WCO) Economic Competitiveness Package (ECP) Phase V aims to enhance members' economic competitiveness by optimizing customs procedures, embracing information technology, and effectively managing risks. The program covers key areas such as the Revised Kyoto Convention, e-commerce, and coordinated border management. It emphasizes knowledge sharing, technical assistance, and capacity building to promote the facilitation and security of global trade. The ECP seeks to streamline processes, reduce costs, and improve efficiency for businesses involved in international trade, ultimately contributing to stronger national economies.

Liberia Enhances Crossborder Aid Efforts

Liberia Enhances Crossborder Aid Efforts

The World Customs Organization (WCO) and the UN Office for the Coordination of Humanitarian Affairs (UN-OCHA) conducted a mission in Liberia. This mission, under the C-RED project, aims to strengthen Liberian customs capacity, promote cross-border agency cooperation, and optimize the clearance process for relief goods. The goal is to build a more efficient humanitarian assistance system and enhance the country's ability to respond to emergencies. The project seeks to improve coordination and streamline procedures to ensure timely delivery of aid during crises.