WCO Issues New Customs Valuation Guidance for Trade Compliance

WCO Issues New Customs Valuation Guidance for Trade Compliance

The World Customs Organization is set to release new Explanatory Note 7.1, aiming to clarify the meaning of 'price actually paid or payable' and assist businesses in more accurately performing customs valuation. Companies should thoroughly understand the new regulations, optimize their valuation strategies, reduce trade costs, and improve compliance levels, thereby gaining a competitive edge in cross-border trade. This updated guidance is crucial for navigating the complexities of international trade and ensuring accurate declaration of goods.

01/26/2026 Customs Knowledge
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HS Code Update Streamlines Global Trade Standards

HS Code Update Streamlines Global Trade Standards

The 60th session of the World Customs Organization's Harmonized System Committee updated the commodity classification system, releasing new classification opinions, revisions to the Harmonized System Explanatory Notes, and classification decisions. These changes affect the import and export of various commodities. Businesses should promptly monitor official information, strengthen internal training, consult with professionals, and establish a comprehensive commodity database to adapt to the new trade regulations. Staying informed and proactive is crucial for compliance and smooth international trade operations.

01/26/2026 HS Code Query
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Amazon Sellers Struggle As Ecommerce Slowdown Hits

Amazon Sellers Struggle As Ecommerce Slowdown Hits

US furniture giant United Furniture collapsed, and European Eve Sleep went bankrupt. Amazon and Shopee are also implementing layoffs, signaling a cooling trend in cross-border e-commerce. This downturn presents challenges for sellers. They need to actively adapt and navigate these difficult times together to overcome the obstacles and weather the storm. Resilience and strategic adjustments are crucial for survival in this evolving landscape.

01/04/2026 Logistics Industry Insights
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Sea Group Expands Shopees Southeast Asia Focus with Malaysia Push

Sea Group Expands Shopees Southeast Asia Focus with Malaysia Push

Sea Group, Shopee's parent company, is strategically readjusting its focus back to the Southeast Asian market, with a significant bet on Malaysia. This involves increased investment, including the construction of large-scale logistics parks, aiming to strengthen its competitive advantage, address logistical challenges, and improve profitability. However, the market remains highly competitive, and whether Shopee can effectively convert growth into sustainable profits remains a key challenge.

01/07/2026 Logistics Industry Insights
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Fast Fashion Giant SHEIN Expands Brickandmortar Amid Ecommerce Shifts

Fast Fashion Giant SHEIN Expands Brickandmortar Amid Ecommerce Shifts

While Shopee retracts its global operations, SHEIN expands aggressively, venturing into physical markets in Japan and Canada. By opening physical stores, building overseas warehouses and offices, SHEIN is accelerating the construction of a global physical supply chain ecosystem, enhancing operational efficiency and service levels. This strategic shift reflects the e-commerce industry's transition from a focus on 'traffic is king' to 'physical infrastructure is fundamental'.

01/05/2026 Logistics Industry Insights
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Logistics Going Global: Opportunities and Challenges in Globalization

Logistics Going Global: Opportunities and Challenges in Globalization

With the integration of the global economy, logistics companies are venturing abroad in search of new opportunities. In facing the complexities of international markets, businesses must tackle challenges such as ESG compliance, cultural differences, legal regulations, and talent shortages. In this context, companies should formulate practical strategies and optimize their management systems to achieve sustainable development and mutual benefit.

07/17/2025 Logistics
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Balancing Safety and Convenience in the Express Logistics Industry

Balancing Safety and Convenience in the Express Logistics Industry

The express logistics industry needs to strike a balance between safety and convenience. Companies should strictly adhere to safety management regulations, verifying customer identities and transported goods to mitigate risks. Additionally, regulatory bodies should collaborate to establish relevant standards. Exploring new models of classified management will help enhance service levels and ensure the healthy development of the industry.

07/28/2025 Logistics
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Shipping Industry Faces Dual Challenges in Digital Transformation

Shipping Industry Faces Dual Challenges in Digital Transformation

The digital transformation of shipping has become a new trend in industry development. Although progress is slow, various emerging technologies, such as artificial intelligence and the Internet of Things, are gradually being integrated into the shipping sector. Despite facing challenges related to regulations, training, and more, this transformation presents opportunities for increased efficiency and reduced costs in shipping.

08/07/2025 Logistics Industry Insights
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Smart Tech Reshapes Crossborder Logistics in Digital Era

Smart Tech Reshapes Crossborder Logistics in Digital Era

This paper explores the applications of smart scheduling and big data in cross-border logistics, showcasing how an e-commerce company in Shenzhen significantly improved transportation efficiency and customer satisfaction through digital technology. It also discusses the challenges posed by new regulations on logistics companies' smart scheduling and emphasizes the importance of the collaboration between algorithms and data upgrades.

05/10/2025 Logistics Industry Insights
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Lumi Airport Emerges As Key Logistics Hub in Papua New Guinea

Lumi Airport Emerges As Key Logistics Hub in Papua New Guinea

This article introduces basic information about Lumi Airport (LMI) in Papua New Guinea, including its geographical location, time zone, airport type, and its role in West Coast cargo operations. It highlights that the airport is a non-customs airport, requiring special attention to customs clearance matters. It is recommended to understand relevant regulations and procedures in advance.

09/29/2025 Airport Codes
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