Armenia Enhances Trade Via Customs Time Release Study

Armenia Enhances Trade Via Customs Time Release Study

The WCO organized a TRS workshop in Armenia to enhance customs efficiency and promote trade facilitation. The workshop aimed to improve the effectiveness of Armenian customs procedures. Through the Time Release Study (TRS), bottlenecks were identified and action plans were developed to address them. This initiative aligns with WTO requirements for trade facilitation and contributes to streamlining cross-border trade processes. The TRS provides valuable insights for optimizing customs operations and reducing delays, ultimately benefiting businesses and consumers.

Bangladesh Enhances Trade Efficiency Via Time Release Study

Bangladesh Enhances Trade Efficiency Via Time Release Study

GTFP assists Bangladesh's NBR in enhancing its Time Release Study (TRS) capabilities. The project aims to optimize processes, promote trade facilitation, and boost competitiveness. By streamlining procedures and reducing delays, the initiative seeks to attract investment and contribute to sustainable development in Bangladesh. The TRS improvement will provide valuable data for identifying bottlenecks in the import/export process, enabling targeted interventions and ultimately leading to a more efficient and competitive trade environment.

Philippines Customs Enhances Trade Via WCO Time Release Study

Philippines Customs Enhances Trade Via WCO Time Release Study

The Philippines has launched a National Time Release Study (TRS) in collaboration with the World Customs Organization (WCO) to optimize import and export clearance processes for sea cargo. The study aims to identify bottlenecks, enhance efficiency, and provide evidence-based recommendations for reforms, ultimately boosting the Philippines' trade competitiveness and fulfilling its obligations under the WTO Trade Facilitation Agreement. The final report is expected by the end of 2025, laying the groundwork for sustainable trade facilitation.

Gambia Enhances Trade Efficiency with Wcobacked Time Release Study

Gambia Enhances Trade Efficiency with Wcobacked Time Release Study

The World Customs Organization (WCO) supported the Gambia Revenue Authority (GRA) in conducting a Time Release Study (TRS) to enhance trade facilitation. Through workshops and technical assistance, the WCO helped Gambia identify bottlenecks in cargo clearance, optimize customs procedures, and align with the WTO's Trade Facilitation Agreement (TFA). The ultimate goal is to improve the business environment and promote sustainable economic development in Gambia. The TRS aims to streamline processes and reduce the time and cost associated with importing and exporting goods.

Peru Boosts Trade Efficiency with WCO Time Release Study

Peru Boosts Trade Efficiency with WCO Time Release Study

The World Customs Organization (WCO) conducted a Time Release Study (TRS) workshop for Peruvian Customs (SUNAT) to enhance trade facilitation. By studying the WCO TRS Guidelines, creating business processes, and developing action plans, SUNAT will be able to conduct TRS, identify bottlenecks, optimize procedures, and meet WTO TFA requirements. This will ultimately improve international competitiveness. The workshop focused on practical application of TRS methodology within the Peruvian context, enabling SUNAT to streamline customs processes and improve efficiency in goods clearance.

Serbia Boosts Trade Efficiency with Customs Time Release Study

Serbia Boosts Trade Efficiency with Customs Time Release Study

Serbian Customs, in collaboration with the World Customs Organization, launched a National Clearance Time Study project. This initiative aims to optimize customs procedures through data analysis, enhancing trade efficiency and the business environment. The project, involving workshops and roadmap planning, identifies challenges, develops improvement measures, and promotes stakeholder engagement. The ultimate goal is to achieve trade facilitation and drive economic growth in Serbia.

Bolivia Optimizes Trade with SECOWCO Goods Release Study

Bolivia Optimizes Trade with SECOWCO Goods Release Study

The SECO-WCO Global Trade Facilitation Programme (GTFP) supported Bolivia in conducting a Time Release Study (TRS) to improve trade efficiency and comply with the WTO Trade Facilitation Agreement. Through expert guidance, questionnaire optimization, and pilot testing, the GTFP helped Bolivia identify bottlenecks in goods release and optimize operational procedures. This support contributes to trade facilitation and economic development by streamlining processes and improving efficiency within Bolivia's trade system. The TRS provides valuable insights for further improvements.

Brazil Study Reveals Trade Facilitation Opportunities

Brazil Study Reveals Trade Facilitation Opportunities

Brazil's first national Time Release Study (TRS) revealed an average release time of 7.5 days, with customs clearance accounting for less than 10% and private sector processes exceeding half. The study, following the WCO methodology, aims to enhance transparency and promote trade facilitation, with plans to publicly release the raw data. The research underscores the critical role of data-driven approaches in optimizing customs procedures and fostering trade facilitation. It highlights areas for improvement within both public and private sectors to streamline the overall import/export process.

WCO Aids Argentina in Faster Customs Clearance Via Time Study

WCO Aids Argentina in Faster Customs Clearance Via Time Study

The World Customs Organization (WCO) held a virtual Time Release Study (TRS) workshop for Argentina Customs to support its first TRS, aiming to identify and improve bottlenecks in national clearance processes. The workshop covered TRS methodology, business process mapping, action plan development, and software applications. Argentine Customs officials drafted an action plan and expressed their commitment to implementing the TRS to enhance clearance efficiency and facilitate trade. The initiative is expected to streamline procedures, reduce delays, and improve overall customs performance in Argentina.

Global Shipping Guide Cargo Release and Risk Management

Global Shipping Guide Cargo Release and Risk Management

This paper delves into four common methods of cargo release in international ocean freight: Telex Release, Ocean Bill of Lading, Sea Waybill, and Destination Release. It compares and analyzes their advantages, disadvantages, applicable scenarios, and risk levels. The study emphasizes that when selecting a release method, factors such as the trust level between buyer and seller, payment status, cargo value, and time constraints must be comprehensively considered. The goal is to achieve a balance between risk control and efficiency improvement in international logistics operations.