standard chartered bank jersey News

WCO Group Advances Trade Via Publicprivate Dialogue

The Private Sector Consultative Group (PSCG) of the World Customs Organization (WCO) serves as a crucial platform for fostering dialogue and cooperation between the WCO and the private sector. The 47th session focused on the Revised Kyoto Convention review, performance measurement, disruptive technologies, non-negotiated tariffs, and the Framework of Standards on E-Commerce. By participating in policy development, standard setting, capacity building, and promoting collaboration, the PSCG makes significant contributions to building an efficient, secure, and sustainable global trade system.

12/30/2025 Customs Knowledge

Madagascar Shares Disaster Resilience Strategies Amid Crises

The World Customs Organization (WCO), in collaboration with the Global Alliance for Trade Facilitation and Columbia University's National Center for Disaster Preparedness (NCDP), held a workshop in Madagascar to enhance the country's capacity to respond to pandemics and natural disasters. Through the development of Standard Operating Procedures (SOPs) and practical exercises, Madagascar gained valuable lessons, providing insights for other developing countries facing challenges posed by climate change. The workshop aimed to strengthen disaster preparedness and resilience through customs facilitation and international collaboration.

12/30/2025 Customs Knowledge

Global Shipping Firms Balance Speed and Cost Efficiency

Choosing international express delivery requires balancing speed and cost. Standard express is suitable for time-sensitive goods, while economy options offer better cost-effectiveness. For less urgent items, consider cargo attributes, weight, and volume, and pay attention to destination country policy changes. Utilize price comparison platforms to dynamically monitor prices and select the optimal solution, maximizing cost-effectiveness. This involves a strategic approach to logistics, focusing on both efficient delivery and tight cost control to achieve the best possible outcome for international shipments.

12/30/2025 Logistics Encyclopedia

ISSA and AEO Certification Boost Global Trade Security

The ISSA Council discussed the integration of the ISSA Standard with the World Customs Organization's (WCO) Authorized Economic Operator (AEO) concept. By combining ISSA's quality standards with AEO certification, the aim is to enhance supply chain security, customs clearance efficiency, and business competitiveness, thereby facilitating global trade and healthy development. This collaboration will contribute to establishing a more transparent, efficient, and secure international trade environment. The synergy aims to streamline processes and foster trust among stakeholders within the global supply chain.

12/30/2025 Logistics Industry Insights

OTP Banks SWIFT Code Guide for Global Transfers

Understanding the SWIFT code for OTP BANKA D.D. (OTPVHR2XDUB) is crucial for international remittances. Correct use of this code ensures that funds arrive accurately at the designated bank and corresponding branch. The article highlights that verifying the branch code and account location information is an important step in safeguarding funds.