WCO and UN Push for Global Trade Data Standardization

WCO and UN Push for Global Trade Data Standardization

The World Customs Organization (WCO) recommends that its member customs administrations transmit trade data based on the Harmonized System (HS) to the United Nations Statistics Division (UNSD). This aims to promote the standardization and interoperability of global trade data. This initiative is significant for improving data quality, strengthening international cooperation, promoting trade facilitation, and fostering sustainable development. Ultimately, it contributes to building a new landscape for global trade data sharing.

11/03/2025 Customs Knowledge
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Global Trade Experts Gather at WCO Academy in Brussels

Global Trade Experts Gather at WCO Academy in Brussels

The 3rd WCO Knowledge Academy successfully took place in Brussels, gathering 155 customs and trade professionals from 50 countries. The two-week intensive training covered traditional customs topics, trade facilitation, security frameworks, and featured a special “Women in Leadership” workshop. The WCO Secretary General personally presented certificates, recognizing the participants' achievements. The Knowledge Academy promoted international exchange and cooperation in the field of customs and trade, contributing to global trade development.

12/30/2025 Customs Knowledge
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Beijing Air Export: Key Customs Documentation for General Trade

Beijing Air Export: Key Customs Documentation for General Trade

This article details the key considerations for air freight customs clearance in general trade in Beijing, including required documents, invoice considerations, and important points for filling out customs declaration forms. Understanding this information can help businesses ensure smooth customs clearance, reduce trade risks, and promote development in international trade.

07/28/2025 Customs Knowledge
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Latin America Adopts Revised Kyoto Convention to Streamline Trade

Latin America Adopts Revised Kyoto Convention to Streamline Trade

The World Customs Organization (WCO) is promoting the Revised Kyoto Convention (RKC) in Brazil, encouraging Latin American countries to join. The WCO emphasizes the RKC's importance for trade facilitation and supply chain security. Joining the RKC can streamline customs procedures, reduce trade costs, and enhance the predictability of international trade. This initiative aims to improve the efficiency and security of trade flows within the region and globally by adopting international standards for customs procedures.

12/30/2025 Customs Knowledge
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WCO UNCTAD Aid Ghanas Trade Reforms Under Mercator Program

WCO UNCTAD Aid Ghanas Trade Reforms Under Mercator Program

The WCO and UNCTAD are supporting Ghana in enhancing its trade facilitation capabilities to implement the WTO Trade Facilitation Agreement, improve its trade environment, and promote economic development. Funding support is provided by the UK's HMRC. This initiative aims to streamline customs procedures, reduce trade costs, and boost Ghana's competitiveness in the global market. By strengthening institutional capacity and promoting international cooperation, the project contributes to sustainable economic growth and regional integration.

01/05/2026 Customs Knowledge
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WCO Revises Trade Rules for Alcohol Powder Apparel Sets

WCO Revises Trade Rules for Alcohol Powder Apparel Sets

The 56th session of the Harmonized System Committee (HSC) of the World Customs Organization (WCO) released the latest commodity classification decisions, covering goods such as powdered alcohol, two-piece suits, and children's carriers. These decisions aim to provide clearer commodity classification criteria for international trade, reduce trade risks, improve customs clearance efficiency, and lower trade costs. They offer guidance for consistent application of the Harmonized System, facilitating smoother and more predictable global trade flows.

01/07/2026 Customs Knowledge
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Rapid Development and Challenges in the Express Delivery Industry

Rapid Development and Challenges in the Express Delivery Industry

The express delivery industry has seen significant growth due to the development of e-commerce. However, the sector faces a 'sub-healthy' state with thin profit margins and a continuous decline in average revenue per parcel. To address this predicament, the government is promoting the use of major transportation resources to reduce costs, while companies are actively seeking international markets.

07/17/2025 Logistics
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Sri Lanka Rupee Volatility Against Swiss Franc Analyzed

Sri Lanka Rupee Volatility Against Swiss Franc Analyzed

This article analyzes the exchange rate dynamics between the Sri Lankan Rupee (LKR) and the Swiss Franc (CHF). Currently, 1 LKR is exchanged for 0.00269149 CHF, with a 6.74% decline in the exchange rate over the past year. By comparing the exchange rates of other major currencies, it reveals the weak performance of LKR in the global market and the underlying economic factors.

08/25/2025 Exchange Rate Query
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UPS Q2 Revenue Drops As Amazon Demand Slows

UPS Q2 Revenue Drops As Amazon Demand Slows

UPS's second-quarter earnings report revealed a revenue drop to $21.2 billion, a 2.7% year-over-year decline, with a basic earnings per share of $1.55, falling short of expectations. Operating profit also decreased by 6.3%. Pressure on performance has been attributed to market conditions and a decrease in Amazon orders, prompting UPS to seek new growth opportunities to address these challenges.

08/06/2025 Logistics Industry Insights
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US Rail Freight Trends Reflect Shifting Shipping Economy

US Rail Freight Trends Reflect Shifting Shipping Economy

According to the Association of American Railroads, June showed positive growth in U.S. rail freight volume, although cross-border freight experienced a decline. This trend reflects the complex changes in the economic environment, with a year-on-year increase in total load during the first half of the year. Future market dynamics will depend on fluctuations in global supply chains and consumer demand.

07/07/2025 Logistics Industry Insights
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