Guide to SWIFTBIC Codes for Palestinian Banks Eases Transfers

Guide to SWIFTBIC Codes for Palestinian Banks Eases Transfers

When making international remittances, it is crucial to confirm the SWIFT/BIC code of the Palestinian Territory Bank to ensure that funds arrive smoothly. Using the correct code not only helps avoid delays and errors in remittance but also reduces potential financial risks. Learn step-by-step how to find and verify these codes to make your remittance process safer and smoother.

Palestine Advances Customs Modernization with International Support

Palestine Advances Customs Modernization with International Support

The Ramallah Conference in 2009 launched “Al Siyadeh,” the Palestinian Customs Modernization Plan. The international community supports the adoption of international standards by Palestinian Customs to promote economic development. This initiative aims to modernize customs procedures, enhance efficiency, and facilitate trade. International cooperation plays a vital role in providing technical assistance and financial support for the implementation of the plan, ultimately contributing to the development of a modern and effective customs administration in Palestine.

WCO Aids Palestine in Trade Facilitation Through Audit Reforms

WCO Aids Palestine in Trade Facilitation Through Audit Reforms

The World Customs Organization (WCO) conducted a Post Clearance Audit (PCA) diagnostic mission to Palestine, aiming to enhance Palestinian Customs' PCA capabilities and promote trade facilitation. Through assessments, discussions, and site visits, the WCO provided targeted capacity-building support to Palestinian Customs. This assistance helps Palestine establish a more efficient and transparent customs system, ultimately fostering economic development. The mission focused on identifying areas for improvement and recommending strategies to strengthen their post-clearance audit processes.