WCO Boosts Nicaraguas Trade and Security Through Customs Reform

WCO Boosts Nicaraguas Trade and Security Through Customs Reform

The World Customs Organization (WCO) Deputy Secretary General visited Nicaraguan Customs to support its modernization efforts. Nicaragua is enhancing its national competitiveness and integrating into the global trade system through initiatives like implementing the AEO program, introducing non-intrusive inspection technologies, and participating in Central American customs integration. Dialogue with the private sector is also crucial for building a mutually beneficial and trustworthy partnership. Nicaragua's case offers valuable lessons for other developing countries seeking to modernize their customs procedures and facilitate trade.

12/30/2025 Customs Knowledge
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WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

WCO Enhances Angolas Customs Valuation to Boost Trade Revenue

The World Customs Organization (WCO) recently assisted Angola Customs in enhancing its customs valuation capabilities. By assessing infrastructure needs, providing recommendations on risk management and post-clearance audit, and conducting customs valuation workshops, the WCO helped Angola Customs improve revenue collection efficiency, promote compliant trade, and strengthen customs valuation oversight of multinational corporations. This assistance demonstrates the importance of international cooperation in improving customs administration.

12/30/2025 Customs Knowledge
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WCO and UNCTAD Partner to Boost Global Trade Efficiency

WCO and UNCTAD Partner to Boost Global Trade Efficiency

In 2014, the WCO and UNCTAD Secretaries-General met in Geneva, focusing on the harmonized implementation of the WTO Trade Facilitation Agreement (TFA). They emphasized providing needs assessments and technical assistance based on WCO instruments to avoid implementation divergence. Discussions also covered addressing complex cross-border trade issues, improving transportation and logistics efficiency. Both parties committed to further strengthening cooperation to build an efficient and transparent global trade system.

12/30/2025 Customs Knowledge
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Asiapacific Strengthens Trade Oversight with Customs and Pricing Reforms

Asiapacific Strengthens Trade Oversight with Customs and Pricing Reforms

The World Customs Organization, in collaboration with the OECD and the World Bank Group, held an Asia-Pacific seminar focusing on the nexus between customs valuation and transfer pricing. The conference emphasized the need for enhanced information sharing and collaborative supervision between tax and customs authorities to address challenges posed by related-party transactions. This aims to improve cross-border trade compliance, enhance tax collection efficiency, and build a more efficient cross-border trade regulatory system. The discussions highlighted practical approaches and best practices for effective collaboration.

12/30/2025 Customs Knowledge
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South Korea WCO Partner to Develop Global Trade Talent

South Korea WCO Partner to Develop Global Trade Talent

Korea Customs Service (KCS) signed a cooperation agreement with the World Customs Organization (WCO). Through the Korea Customs Cooperation Fund, KCS aims to provide high-level training to customs officials from other countries, sharing Korea's experiences and best practices in trade facilitation. KCS also pledged to increase its financial and human resource contributions to the WCO, assisting WCO members in implementing relevant standards and jointly promoting the advancement of global customs affairs. This collaboration underscores Korea's commitment to supporting international customs cooperation and development.

12/30/2025 Customs Knowledge
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WCO Initiative Aims to Ease Smes Global Trade Access

WCO Initiative Aims to Ease Smes Global Trade Access

The World Customs Organization (WCO) promotes the "Business Lens Checklist" to help governments streamline policies and remove barriers for SMEs in international trade. This checklist uses a standardized approach to help government departments optimize policy processes, gather more feedback from SMEs, improve customer service, simplify customs policies and procedures, and reduce the administrative burden on businesses. It aims to create a more conducive environment for SMEs to engage in global commerce by making trade processes more efficient and accessible.

12/30/2025 Customs Knowledge
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Saudi Arabia Joins Key Customs Pacts to Boost Trade

Saudi Arabia Joins Key Customs Pacts to Boost Trade

Saudi Arabia's accession to the World Customs Organization's Kyoto and Istanbul Conventions marks a significant step towards simplifying customs procedures and promoting trade facilitation. The Kyoto Convention focuses on standardizing modern customs procedures, while the Istanbul Convention facilitates the temporary import of goods. Both aim to reduce trade costs, improve efficiency, and foster global economic development. Saudi Arabia's membership is expected to accelerate global trade facilitation efforts.

12/30/2025 Customs Knowledge
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WCO Program Boosts Customs Leadership and Global Trade Growth

WCO Program Boosts Customs Leadership and Global Trade Growth

The World Customs Organization (WCO) Professional Development Programme aims to cultivate customs talent and promote international cooperation. The 2011/2012 project review highlights its objectives, participants, achievements, and impact, emphasizing the importance of knowledge sharing, capacity building, and trade facilitation. The article also looks forward to the future development direction of the program, calling for jointly building a new chapter in global customs cooperation. It underscores the program's role in fostering a collaborative environment and enhancing the effectiveness of customs administrations worldwide.

12/30/2025 Customs Knowledge
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Cathay Pacific Cargo Volumes Jump As Uschina Trade Eases

Cathay Pacific Cargo Volumes Jump As Uschina Trade Eases

Cathay Pacific saw a significant increase in international air cargo volume in May, boosted by easing US-China trade tensions and increased capacity. Cargo volume rose by 8.1% year-on-year to 734 million FTKs, with tonnage up by 12.2%. The suspension of US-China tariffs boosted short-term demand, with strong performance in live animal transport. Market sentiment is expected to remain stable in June, but close attention to market dynamics is needed. Hong Kong airport's cargo volume growth slowed, with transit cargo providing support.

06/23/2025 Logistics
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Asiapacific Air Cargo Demand Rises on Global Trade Shifts

Asiapacific Air Cargo Demand Rises on Global Trade Shifts

The Association of Asia Pacific Airlines (AAPA) reported a 5.6% year-on-year increase in air cargo demand in the Asia-Pacific region for June, accompanied by rising freight rates. This growth was primarily driven by manufacturing recovery and advanced shipments. Passenger traffic also experienced significant growth. However, the AAPA cautioned that declining business confidence could impact the future market. Airlines need to be vigilant about cost pressures and actively seek growth opportunities to navigate potential challenges and capitalize on emerging trends.

07/30/2025 Logistics
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