Customs Valuation and Transfer Pricing Align for Multinationals

Customs Valuation and Transfer Pricing Align for Multinationals

The World Customs Organization (WCO) and the OECD jointly held a seminar in Pretoria, focusing on the nexus between customs valuation and transfer pricing. The conference promoted cooperation between tax and customs authorities, exploring the application of transfer pricing studies in customs valuation. It emphasized information sharing, aiming to build a fairer international trade environment. Discussions centered on how transfer pricing methodologies can inform customs valuation practices, ensuring accurate and equitable assessment of goods for duty purposes. The initiative seeks to enhance transparency and combat illicit financial flows related to trade.

12/30/2025 Customs Knowledge
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WCO Issues Rail Customs Guidelines to Boost Global Trade

WCO Issues Rail Customs Guidelines to Boost Global Trade

The World Customs Organization (WCO)'s 'Guidelines on Rail Transit' aims to simplify and standardize customs procedures for rail transport, encouraging technology application and international cooperation. This enhances cross-border trade efficiency, reduces costs, and promotes global economic prosperity. The guidelines, structured around four key objectives and supporting capacity building projects, provide a roadmap for customs facilitation in global rail transport. It offers practical guidance and best practices to streamline processes and improve security, contributing to a more efficient and reliable international trade network.

12/30/2025 Customs Knowledge
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WCO Promotes Green Customs for Sustainable Trade

WCO Promotes Green Customs for Sustainable Trade

The WCO's 'Global Green Customs Conference' brought together experts in trade, customs, and environment to discuss border environmental protection. The conference focused on topics such as the circular economy, waste trade, timber trade, and HS code classification, emphasizing the crucial role and responsibility of customs in promoting green trade, combating illegal trade, and building a sustainable future. The conference aimed to strengthen international cooperation, raise public awareness, and collectively address global environmental challenges.

12/30/2025 Customs Knowledge
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Global Customs Agencies Intensify Fight Against Environmental Crime

Global Customs Agencies Intensify Fight Against Environmental Crime

The World Customs Organization emphasizes the crucial role of customs in environmental protection, urging the global customs community to strengthen cooperation in combating illegal environmental trade and protecting natural heritage. By enhancing border control, risk assessment, international collaboration, and technological application, customs administrations can effectively address environmental crime and contribute to sustainable development. The focus is on proactive measures to prevent illicit trafficking of endangered species, hazardous waste, and other environmentally harmful goods across borders, ensuring a safer and more sustainable planet for future generations.

12/30/2025 Customs Knowledge
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Maersk Customs Services The Best Choice For Simplifying International Trade Processes

Maersk Customs Services The Best Choice For Simplifying International Trade Processes

Maersk's customs services help clients streamline international trade processes, ensuring that goods comply with legal requirements during import and export, thus avoiding delays caused by documentation errors. Understanding the necessity and procedures of customs clearance, along with how Maersk provides professional guidance for efficient and smooth clearance, is key to making informed decisions.

11/30/-0001 Logistics Industry Insights
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WCO Updates SAFE Framework to Boost Global Trade Security

WCO Updates SAFE Framework to Boost Global Trade Security

The 28th SAFE Working Group meeting focused on the review and implementation monitoring of the SAFE Framework, emphasizing customs-private sector cooperation and optimizing questionnaires. Key topics included data strategy, green customs initiatives, promotion of AEO validation courses, revision of work plans, and extension of the review cycle. Enhanced customs cooperation with aviation and port sectors was also highlighted. The meeting injected new momentum into global trade security cooperation, foreshadowing a future of safer, more efficient, and sustainable global trade systems.

12/30/2025 Customs Knowledge
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WCO Chief Visits Dutch Customs to Boost Global Trade Links

WCO Chief Visits Dutch Customs to Boost Global Trade Links

WCO Secretary General Kunio Mikuriya visited the Netherlands Customs, focusing on information sharing, GNC, data quality, the Multilateral Mutual Assistance Convention, and mutual recognition, discussing global customs cooperation. The Secretary General expressed gratitude for the Netherlands' contribution to WCO technical assistance and looks forward to continued collaboration to build an open, efficient, and secure new global trade landscape. The visit highlighted the importance of strengthened partnerships and innovative solutions for addressing evolving challenges in international trade and customs administration.

12/30/2025 Customs Knowledge
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