WCO and IDB Partner to Enhance Latin American Trade

WCO and IDB Partner to Enhance Latin American Trade

The World Customs Organization (WCO) participated in a policy dialogue with the Inter-American Development Bank (IDB), sharing trade facilitation experiences to support trade development in Latin America. Key initiatives highlighted included the Single Window, the Authorized Economic Operator (AEO) program, and the Mercator Program. The WCO emphasized the importance of international cooperation in promoting global trade. The dialogue aimed to foster collaboration and knowledge exchange to enhance trade efficiency and security within the Latin American region and beyond.

01/07/2026 Customs Knowledge
Read More
WCO and Businesses Collaborate to Reform Global Trade

WCO and Businesses Collaborate to Reform Global Trade

The WCO dialogue with the private sector focused on trade facilitation, sustainability, and business continuity. It highlighted the role of public-private partnerships in empowering women, promoting green supply chains, enhancing compliance efficiency, and building resilient trade. The meeting fostered collaboration between the public and private sectors, aiming to strengthen trade facilitation, promote sustainable practices, and ensure business continuity in an evolving global landscape. Key areas of discussion included leveraging technology and fostering inclusive trade policies.

01/05/2026 Customs Knowledge
Read More
Guide to Exporting Silk HS Code 50 Series Explained

Guide to Exporting Silk HS Code 50 Series Explained

The HS Code series 50 includes various products suitable for silk reeling, such as raw silk cocoons and untwisted silkworm silk, providing a clear classification for silk export trade. Understanding these codes helps merchants choose silk products wisely, improves trade efficiency, and ensures compliance and profit margins.

08/05/2025 HS Code Query
Read More
US Trade Rep Tai Outlines New China Trade Strategy

US Trade Rep Tai Outlines New China Trade Strategy

US Trade Representative Katherine Tai outlined a new trade strategy towards China, emphasizing a worker-centric approach. This involves evaluating the Phase One agreement, initiating a tariff exclusion process, and addressing deeper structural issues to rebuild American competitiveness. Industry observers suggest the policy's impact requires further observation, and businesses should remain flexible in their response. The strategy aims to reshape the US's competitive edge in the global market while addressing concerns about fair trade practices with China.

01/19/2026 Logistics Industry Insights
Read More
New Customs Declaration Form Adds Trade Country (region) Indicator to Promote International Trade Transparency

New Customs Declaration Form Adds Trade Country (region) Indicator to Promote International Trade Transparency

The General Administration of Customs recently announced reforms to the customs declaration process, introducing a new 'Trade Country (Region)' indicator. This change aims to enhance the accuracy of customs declarations and reflect the true state of international trade, in line with the developments of economic globalization. The indicator will streamline the customs clearance process, improve efficiency, and assist businesses in conducting more effective global trade.

07/21/2025 Logistics
Read More
Saudi Arabia Joins Key Customs Pacts to Boost Trade

Saudi Arabia Joins Key Customs Pacts to Boost Trade

Saudi Arabia's accession to the World Customs Organization's Kyoto and Istanbul Conventions marks a significant step towards simplifying customs procedures and promoting trade facilitation. The Kyoto Convention focuses on standardizing modern customs procedures, while the Istanbul Convention facilitates the temporary import of goods. Both aim to reduce trade costs, improve efficiency, and foster global economic development. Saudi Arabia's membership is expected to accelerate global trade facilitation efforts.

12/30/2025 Customs Knowledge
Read More
Digital ATA Carnets Streamline Global Trade Processes

Digital ATA Carnets Streamline Global Trade Processes

The World Customs Organization (WCO) is actively promoting the digital transformation of ATA Carnets and Customs Transit Carnets to simplify cross-border trade processes, improve efficiency, and reduce costs. Contracting parties are required to complete the transition by the end of 2027 and designate contact points. This digital transformation not only facilitates trade but also strengthens international cooperation, ushering in a new era of global trade.

12/30/2025 Customs Knowledge
Read More
Iran Accelerates HS 2017 Translation to Facilitate Trade

Iran Accelerates HS 2017 Translation to Facilitate Trade

Iran Customs is translating the World Customs Organization's HS 2017 Explanatory Notes into Persian. This initiative aims to reduce trade barriers, improve customs clearance efficiency, and provide clearer commodity classification guidance for Iranian import and export businesses. The first two volumes have been released, and translation of the remaining chapters is underway. This effort will facilitate international trade, enhance Iran's trade participation, and revitalize economic development.

01/05/2026 Customs Knowledge
Read More
Top 20 Tools to Streamline Global Trade Operations

Top 20 Tools to Streamline Global Trade Operations

This article selects 20 essential foreign trade operation tools, covering data mining, customer communication, product selection analysis, SEO optimization, and more. It helps traditional foreign trade enterprises acquire customers accurately and empowers cross-border e-commerce sellers to operate with precision, reduce costs, and increase efficiency, ultimately winning in the global market. These tools are designed to streamline processes and improve overall performance in international trade.

01/16/2026 Customs Knowledge
Read More
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
Read More