Chinas New Company Law Eases Capital Reduction for Firms

Chinas New Company Law Eases Capital Reduction for Firms

The new Company Law imposes stricter requirements on paid-in registered capital, making capital reduction a common strategy for businesses. This article, using Shenzhen as an example, provides a detailed interpretation of the necessity, process, required documents, and specific online announcement procedures for capital reduction. It aims to help companies mitigate risks and achieve stable development in light of the new regulations. The guide offers practical insights for companies navigating the complexities of capital reduction under the updated legal framework.

01/07/2026 Customs Knowledge
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Trade War Uncertainty Weighs on Global Freight Industry Through 2025

Trade War Uncertainty Weighs on Global Freight Industry Through 2025

Under global trade tensions, the freight economy faces unprecedented challenges and opportunities. This paper analyzes the impact of trade wars on the freight industry and proposes strategies such as diversifying supply chains, technological innovation, and refined management. It emphasizes that companies need to actively adjust, embrace green practices and digital transformation to seize future development opportunities amidst uncertainty. Adaptation and innovation are key to navigating the complexities of the current global landscape and ensuring long-term sustainability within the freight sector.

01/07/2026 Logistics Industry Insights
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WCO Enhances PICARD Standards to Strengthen Global Customs Operations

WCO Enhances PICARD Standards to Strengthen Global Customs Operations

The World Customs Organization (WCO) is upgrading the PICARD Professional Standards (PS) to adapt to the evolving global trade landscape. The updated standards will encompass key areas such as public-private sector cooperation, customs and tax function integration, and coordinated border management. It will also address emerging trends, security, trade facilitation, technological advancements, and project management. The WCO invites stakeholders to participate in capacity building initiatives to jointly promote global customs development. This collaborative effort aims to enhance customs efficiency and effectiveness worldwide.

01/07/2026 Customs Knowledge
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Burkina Faso Adopts Advance Ruling to Boost Trade Efficiency

Burkina Faso Adopts Advance Ruling to Boost Trade Efficiency

Burkina Faso Customs, with the support of the WCO, is actively promoting the establishment of an advance ruling mechanism to improve trade efficiency, reduce trade costs, and enhance trade transparency. Through capacity-building workshops, customs officers have gained a deeper understanding of the Harmonized System and advance ruling regulations. The implementation of the advance ruling mechanism will have a positive impact on the trade development of Burkina Faso. This initiative aims to streamline customs procedures and provide greater certainty for traders.

01/07/2026 Customs Knowledge
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Manufacturing Faces AI Talent and Innovation Challenges

Manufacturing Faces AI Talent and Innovation Challenges

A report by Fictiv reveals that the manufacturing industry faces a triple challenge: AI application, talent shortages, and accelerated innovation. Nearly 94% of companies experience obstacles in new product innovation, yet 78% are actively seeking technological solutions. The report highlights the strategic shift of manufacturing from 'survival' to 'development,' emphasizing future trends like intelligentization, flexibility, and sustainability. The findings underscore the urgent need for manufacturers to adapt and embrace new technologies to overcome these challenges and thrive in a rapidly evolving landscape.

01/07/2026 Logistics Industry Insights
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Swedish Customs Chief Meets WCO on Digital Trade Modernization

Swedish Customs Chief Meets WCO on Digital Trade Modernization

The Director General of Swedish Customs led a delegation to visit the World Customs Organization (WCO), focusing on discussions about digital transformation, international cooperation, and trade facilitation. Emphasis was placed on leveraging information technology to enhance customs efficiency, strengthening information sharing, and jointly addressing global challenges. Appreciation was expressed for Sweden's significant support in WCO projects. This meeting injected new vitality into the future development of global customs, paving the way for enhanced collaboration and innovative solutions in the international trade landscape.

01/07/2026 Customs Knowledge
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WCO Introduces New Audit Tools to Enhance Trade Facilitation

WCO Introduces New Audit Tools to Enhance Trade Facilitation

The World Customs Organization (WCO) has launched new Post Clearance Audit (PCA) tools to assist member customs administrations in enhancing trade facilitation. Developed through expert group meetings, the WCO created two key tools: the PCA Benefits Visualization Tool and the PCA Technical Reference. These tools are designed to help customs management and frontline auditors better understand and implement PCA effectively. By improving PCA practices, these tools aim to contribute to the healthy development of global trade and streamline customs procedures.

01/07/2026 Customs Knowledge
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Oman Advances Customs Modernization with WCO Support

Oman Advances Customs Modernization with WCO Support

The World Customs Organization (WCO) is supporting Oman Customs in developing a new strategic plan to facilitate its modernization reforms. Through workshops, both parties are focusing on results-oriented management, aiming to enhance trade facilitation, border security, and revenue efficiency. Oman Customs is committed to continuous reform, striving to create an efficient, secure, and transparent 21st-century customs administration, contributing significantly to the nation's economic development. The strategic plan is crucial for achieving these goals and aligning with international best practices.

01/07/2026 Customs Knowledge
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Wcokorea Program Boosts Global Customs Trade Efficiency

Wcokorea Program Boosts Global Customs Trade Efficiency

The 4th WCO-Korea Customs & Business Administration Advanced Training Program successfully concluded at Seoul National University, with customs officials from 10 developing countries participating. The program aimed to provide a theoretical framework for international trade and business management, helping participants address customs challenges. Through a combination of theory and practice, the program enhanced participants' capabilities. The WCO also provided support for customs reform and modernization. All parties will continue to collaborate and contribute to the development of global customs affairs.

01/07/2026 Customs Knowledge
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Burkina Faso Customs Adopts Wcobacked Advance Ruling System

Burkina Faso Customs Adopts Wcobacked Advance Ruling System

The World Customs Organization (WCO) is assisting Burkina Faso in establishing an advance ruling mechanism to enhance trade predictability, reduce compliance costs, and improve customs efficiency. Through capacity building workshops and the WACAM project, the WCO supports Burkina Faso's customs modernization and promotes regional trade development. The establishment of this mechanism will improve the trade environment, foster economic growth, and serve as a reference for other African countries. The initiative aligns with global efforts to streamline trade processes and promote efficient customs operations.

01/07/2026 Customs Knowledge
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