The Port of Seattle is a crucial hub for international trade, with its infrastructure and operational efficiency significantly affecting shipping. The port's monitoring systems ensure smooth operations, while Terminal 91 offers various water transportation services. Therefore, inquiring about shipping fees is essential for businesses to obtain suitable quotes, which in turn promotes the growth of international trade.
Baltimore Port, a vital shipping hub on the U.S. East Coast, serves as a key outlet for international and domestic trade due to its deep water channels and strategic geographical location. In 2012, the port handled a foreign trade volume of 36.7 million tons, with a transaction value of 53.9 billion USD, highlighting its crucial role in international logistics.
This article explores how Value Added Tax (VAT) serves as a facilitator of fair competition in international trade, distinguishing it from tariffs. VAT achieves tax neutrality through a multi-stage payment mechanism, providing equal opportunities for all businesses, ensuring that goods are taxed in the consuming country rather than the producing country, thereby promoting growth in international trade.
To help developing countries fully leverage the potential of the WTO's Trade Facilitation Agreement (TFA), multiple international organizations and development partners reaffirmed their commitment to providing comprehensive and coordinated support. This includes technical assistance, capacity building, and financial support aimed at streamlining trade procedures, reducing trade costs, and improving trade efficiency. The ultimate goal is to promote fairness and prosperity in the global economy by enabling smoother and more accessible trade processes for all nations.
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.
With the support of the World Customs Organization, the Eswatini Revenue Service launched an electronic tariff project. This initiative aims to establish a comprehensive and integrated online platform that centralizes information on international trade regulatory measures. It provides interactive advance ruling functionalities, enhances trade transparency, reduces trade costs, and promotes trade facilitation. This project supports Eswatini in fulfilling its commitments under the WTO Trade Facilitation Agreement and ultimately boosts the nation's competitiveness.
The United States and the European Union have reached a framework for a trade agreement to address tariff challenges, promote economic cooperation, and enhance market stability and fairness, laying the groundwork for future international trade relations.
The 6th Xiamen International Cross-border E-commerce Exhibition will be held in Xiamen in June 2026, hosted by the China Chamber of International Commerce and the Xiamen Chamber of International Commerce. The exhibition, themed "Cross-border Interconnection, Global Trade", brings together global cross-border e-commerce enterprises, covering cross-border product selection, platform services, imported goods, and more. It aims to promote the dual circulation of domestic and international trade and boost global economic development. Exhibition consultation is currently underway.
This article delves into the core functions and significance of international commercial terms (Incoterms®), including the allocation of costs and responsibilities, the clarification of risk transfer, and guidance for participants in transportation. Commonly used Incoterms® such as FCA, FOB, FAS, and EXW, along with the slight differences between the 2010 and 2020 versions, help buyers and sellers clearly understand their respective obligations and risks in transactions.
The Packing List (PL) is crucial in international trade as it influences customs clearance, customer satisfaction, and insurance claims, serving as a 'secret weapon' to avoid foreign trade disputes. This article explores the definition, function, and ways to enhance management practices of packing lists to assist foreign trade companies in operating efficiently.
