Bernstein Analyzes US Economy Trade Spending Inflation Trends

Bernstein Analyzes US Economy Trade Spending Inflation Trends

Council of Economic Advisers Chair Bernstein, speaking at the Port of Los Angeles, analyzed the US economy from a freight perspective. He emphasized the importance of trade, highlighted consumption as the cornerstone of economic growth, praised the strong job market, and acknowledged that inflation remains a challenge. He stressed the government's commitment to lowering inflation while maintaining employment, boosting purchasing power, and achieving balanced economic growth. The administration is focused on navigating the current economic landscape to ensure stability and prosperity for American citizens.

01/21/2026 Logistics Industry Insights
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Customs and Logistics Innovations Boost Global Trade Efficiency

Customs and Logistics Innovations Boost Global Trade Efficiency

The WCO Deputy Secretary General attended the FITAC International Conference, discussing the role of customs and logistics in global competitiveness. The conference highlighted the critical role of customs in promoting economic development, focusing on two key topics: customs-business partnerships and customs modernization. The aim is to build an efficient, convenient, and secure global trade environment, helping businesses succeed in the global market. The discussions emphasized the importance of collaboration and innovation to streamline processes and enhance security, ultimately boosting economic growth and trade facilitation.

12/30/2025 Logistics
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WCO Enhances IT Leadership for West and Central African Customs

WCO Enhances IT Leadership for West and Central African Customs

The WCO held an Information Technology Strategic Seminar for West and Central Africa in Senegal. This event aimed to enhance customs leadership capabilities to address evolving trade challenges and promote economic development within the region. The seminar focused on leveraging information technology to improve customs efficiency, security, and compliance. Participants explored strategic approaches to modernize customs operations and facilitate legitimate trade flows, ultimately contributing to regional economic growth and integration. The WCO continues to support its member administrations in adopting innovative solutions for effective border management.

01/05/2026 Customs Knowledge
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WCO Adopts Resolution to Strengthen Supply Chain Resilience

WCO Adopts Resolution to Strengthen Supply Chain Resilience

World Customs Organization (WCO) resolutions aim to strengthen customs-industry cooperation and enhance global supply chain resilience in response to global challenges. By reinforcing resilience awareness, innovating collaborative models, and optimizing the Authorized Economic Operator (AEO) program, these resolutions seek to build a safer and more efficient global trade environment. The goal is to promote international trade facilitation and economic prosperity by fostering greater collaboration and preparedness within the supply chain ecosystem. This includes addressing vulnerabilities and ensuring business continuity in the face of disruptions.

01/16/2026 Customs Knowledge
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Nigeria Customs Adopts WCO System to Boost Trade Efficiency

Nigeria Customs Adopts WCO System to Boost Trade Efficiency

With WCO support, the Nigeria Customs Service upgraded its Post Clearance Audit (PCA) system, strengthening risk management, optimizing trader segmentation, and supporting the implementation of the Authorized Economic Operator (AEO) program. This initiative aims to enhance trade efficiency and promote economic prosperity. Emphasizing data-driven customs management, the project offers valuable lessons for other developing countries looking to modernize their customs operations and improve trade facilitation measures. The focus on risk-based approaches and data analysis is key to achieving tangible improvements in customs performance.

01/20/2026 Customs Knowledge
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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.

01/19/2026 Customs Knowledge
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Nicaragua Launches AEO Trade Security Pilot with NORAD Support

Nicaragua Launches AEO Trade Security Pilot with NORAD Support

With support from the Norwegian Agency for Development Cooperation (NORAD) and the World Customs Organization (WCO), Nicaraguan Customs launched an Authorized Economic Operator (AEO) pilot program. This initiative aims to optimize customs procedures and enhance trade security and efficiency through capacity building and Time Release Study (TRS). The program seeks to streamline the flow of goods, reduce release times, and contribute to Nicaragua's economic development by fostering a more secure and efficient trading environment. Ultimately, the AEO program is expected to boost international trade and investment.

01/20/2026 Customs Knowledge
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Mongolia Boosts Customs Efficiency with WTO Trade Initiative

Mongolia Boosts Customs Efficiency with WTO Trade Initiative

With the support of the Swiss State Secretariat for Economic Affairs and the World Customs Organization, the Mongolian Customs General Administration successfully held a risk management workshop. The workshop aimed to enhance risk identification, assessment, and response capabilities. Through practical exercises, experience sharing, and learning from Australian border management practices, Mongolian Customs is expected to significantly improve customs clearance efficiency, reduce trade costs, create more favorable conditions for economic development, and maintain national border security. The ultimate goal is to strengthen risk management practices and facilitate trade.

01/22/2026 Customs Knowledge
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Zimbabwe Zambia Enhance Trade with Customs Interconnectivity

Zimbabwe Zambia Enhance Trade with Customs Interconnectivity

Zimbabwe and Zambia are collaborating to advance customs interconnectivity, aiming to enhance cross-border trade efficiency, reduce costs, and promote regional economic growth through data exchange and process optimization. With the support of the World Customs Organization, both countries are actively building the infrastructure and legal framework for interconnectivity, creating a more convenient and efficient trading environment for businesses. This initiative promises to streamline customs procedures and foster closer economic ties between the two nations, ultimately contributing to increased trade volumes and sustainable development.

01/22/2026 Customs Knowledge
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