Businesses Adapt Strategies to Trumpera Tariffs Supply Chain Risks

Businesses Adapt Strategies to Trumpera Tariffs Supply Chain Risks

The Biden administration partially lifted Trump-era steel and aluminum tariffs, aiming to alleviate inflation and supply chain issues. Experts advise businesses to proactively respond by optimizing supply chain management, improving operational efficiency, and strengthening compliance. Different industries should develop differentiated strategies based on their specific characteristics. This move may be the beginning of reaching similar agreements with other countries, deepening trade negotiations with the EU. Businesses need to constantly adapt to changes and establish a robust supply chain risk management framework.

Supply Chains Face Growing Cyber Threats Experts Warn

Supply Chains Face Growing Cyber Threats Experts Warn

Global supply chains are facing significant cybersecurity challenges. This white paper provides an in-depth analysis of the evolving global cybersecurity landscape, examines supply chain security risks from an industry perspective, and interprets the U.S. cybersecurity executive order. Companies need to strengthen risk assessment, supplier management, and security awareness training to build an unbreakable supply chain security defense and ensure continuous and stable business development. Proactive measures are crucial for mitigating potential disruptions and maintaining operational resilience in an increasingly interconnected world.

Egypt Boosts Trade Efficiency with Wcobacked Customs Modernization

Egypt Boosts Trade Efficiency with Wcobacked Customs Modernization

The Egyptian Customs Authority (ECA), with the support of the World Customs Organization (WCO), has developed a new vision, mission, and strategic plan. By enhancing customs efficiency, strengthening risk management, promoting compliance, improving transparency, and fostering international cooperation, the ECA aims to become an efficient, transparent, and trustworthy customs agency, contributing to Egypt's economic prosperity. This strategic transformation will improve Egypt's trade competitiveness and provide a reference for other developing countries. The plan focuses on modernization and alignment with international best practices.

Lesotho Boosts Trade with Enhanced Customs Audits

Lesotho Boosts Trade with Enhanced Customs Audits

A high-level virtual workshop on Post-Clearance Audit was successfully conducted for the Lesotho Revenue Authority under the joint framework of HMRC, WCO, and UNCTAD. The workshop aimed to support developing countries in effectively implementing the WTO Trade Facilitation Agreement. It enhanced the professional skills of Lesotho Revenue Authority officials and fostered cooperation between customs and businesses, contributing to Lesotho's economic development. The training focused on modern PCA techniques and risk management strategies to optimize revenue collection and improve trade compliance.

Explaining Key International Trade Terms DDP Vs DAP

Explaining Key International Trade Terms DDP Vs DAP

This article provides an in-depth analysis of the common 'arrival contract' Incoterms DDP, DAP, and DDU, detailing their differences in terms of risk transfer, transportation responsibility, customs clearance obligations, and tax/duty liabilities. The article offers advice on selecting the appropriate Incoterm for various trade scenarios and emphasizes key considerations when using these terms. The aim is to help readers mitigate trade risks and improve international trade efficiency by understanding the nuances of these delivery terms and making informed decisions.

Latin America Strengthens Tax Customs Systems Through Global Partnerships

Latin America Strengthens Tax Customs Systems Through Global Partnerships

The "Senior Tax and Customs Administration Program," jointly organized by institutions like the IMF and WCO, aims to enhance the capabilities of mid-to-senior level managers in tax and customs administrations across Central and South America. This program, delivered through a blended online and offline approach, provides training in areas such as strategic planning, risk management, and change management. It assists customs and tax departments in addressing global trade and tax challenges, ultimately contributing to economic development in the region.

Ukraine Customs Modernization Aims to Enhance Trade Efficiency

Ukraine Customs Modernization Aims to Enhance Trade Efficiency

With the assistance of the World Customs Organization, the State Customs Service of Ukraine has completed a draft strategic planning framework. This framework aims to strengthen customs border management, modernize customs operations, and enhance Ukraine's institutional trade platform. The plan encompasses key elements such as stakeholder analysis, SWOT analysis, and a reimagined vision and mission. It emphasizes the importance of risk management, specific measures, timelines, and performance indicators. This strategic plan lays the foundation for the modernization and transformation of Ukrainian customs.

Africaasia Customs Boost Wildlife Trafficking Fight Via INAMA

Africaasia Customs Boost Wildlife Trafficking Fight Via INAMA

The INAMA project supports nine countries in Africa and Asia to enhance their capacity to combat illegal wildlife trade (IWT) by deploying expert missions. The project focuses on training frameworks, legal instruments, risk management, and action plans. Funded by the U.S. Department of State and the Customs Cooperation Fund, this initiative aims to effectively curb IWT crimes and protect global biodiversity through international cooperation. It strengthens customs enforcement and promotes sustainable solutions to address the complex challenges posed by wildlife trafficking.

Uzbekistan Adopts APIPNR Data to Enhance Border Security

Uzbekistan Adopts APIPNR Data to Enhance Border Security

With the support of the World Customs Organization, Uzbekistan Customs actively introduced the Advance Passenger Information System by hosting a national API/PNR workshop. This aims to improve passenger control processes and build an automated risk management system. The initiative emphasizes data sharing and inter-agency cooperation to achieve precise supervision, improve customs clearance efficiency, and ensure national security. The implementation of API/PNR is expected to streamline operations and enhance the effectiveness of customs controls through a data-driven approach.

Malawi Boosts Customs Intelligence to Curb Wildlife Trafficking

Malawi Boosts Customs Intelligence to Curb Wildlife Trafficking

The World Customs Organization (WCO) continues to support the Malawi Revenue Authority (MRA) in strengthening its intelligence functions to enhance its risk management capabilities in combating illegal wildlife trade. Through the WCO-INAMA project, the MRA has optimized its business processes and job responsibilities, laying the foundation for the implementation of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). This initiative is of great significance for the ecological security of Malawi and the world.