Iran Joins Istanbul Convention to Enhance Trade

Iran Joins Istanbul Convention to Enhance Trade

Iran has officially joined the Istanbul Convention, becoming the 68th contracting party, marking a significant step in its international trade facilitation efforts. The Convention, and its core ATA Carnet system, aims to simplify customs procedures, reduce trade costs, and promote cross-border movement of goods. This accession is of great importance for Iran itself and the development of global trade by streamlining temporary import/export processes and fostering economic cooperation. The ATA Carnet simplifies customs procedures for temporary admission of goods.

Wcos Mercator Program Boosts Palestinian Trade Efficiency

Wcos Mercator Program Boosts Palestinian Trade Efficiency

The WCO commended Palestine's Mercator Program for its contributions to customs modernization and trade facilitation, supporting the implementation of the WTO Agreement. The WCO expressed its anticipation for deepened cooperation to further promote Palestine's economic development. The Mercator Program has significantly aided in streamlining customs procedures, reducing trade costs, and enhancing the overall efficiency of cross-border trade, aligning with international standards and best practices. The WCO looks forward to continued collaboration to build upon these achievements and foster sustainable economic growth.

Mexico Israel Agree on Trade Pact to Streamline Customs

Mexico Israel Agree on Trade Pact to Streamline Customs

Mexico and Israel signed a joint action plan to promote mutual recognition of their Authorized Economic Operator (AEO) programs and enhance trade facilitation. This initiative will expedite customs clearance, reduce costs, and bring tangible benefits to businesses in both countries. It also sets a precedent for improving global trade security and efficiency. The agreement underscores the commitment of both nations to fostering a secure and efficient international trade environment through cooperation and the implementation of best practices in supply chain management.

Zimbabwe Enhances Crossborder Trade with Risk Management Training

Zimbabwe Enhances Crossborder Trade with Risk Management Training

The Zimbabwe Revenue Authority, with support from the WCO and HMRC, successfully conducted a risk management workshop. This initiative empowered cross-border regulatory agencies, enhanced risk management capabilities, and promoted trade facilitation. By strengthening risk management practices and coordinating border management efforts, Zimbabwe is building a more efficient and secure environment for cross-border trade. The workshop aimed to equip officials with the necessary skills to identify and mitigate risks associated with international trade, ultimately contributing to economic growth and improved border security.

Cameroon Boosts Trade with WCO Customs Reform

Cameroon Boosts Trade with WCO Customs Reform

The World Customs Organization (WCO) conducted a diagnostic assessment of Cameroon's customs valuation control system to enhance trade efficiency and compliance. Through in-depth discussions with customs officials and business representatives, the WCO proposed recommendations to strengthen valuation capacity, optimize processes, and enhance information sharing. These efforts aim to help Cameroon better implement the WTO Valuation Agreement, promote trade facilitation, and foster economic growth. The assessment focuses on improving customs valuation practices to streamline trade procedures and ensure fair revenue collection.

Central African Republic to Launch Customs Preruling System

Central African Republic to Launch Customs Preruling System

The Customs Administration of the Central African Republic is actively preparing to establish an advance ruling system to provide businesses with a more transparent and predictable trade environment, reduce trade risks, and improve customs clearance efficiency. In cooperation with the WCO, the Central African Republic Customs has not only drafted relevant legal drafts but also established a steering committee and accepted the WCO's recommendations. This marks a significant step forward in trade facilitation, potentially promoting economic development and attracting foreign investment.

Bolivia Boosts Trade with WCO Origin Predetermination Support

Bolivia Boosts Trade with WCO Origin Predetermination Support

The WCO is assisting Bolivia in enhancing its Origin Advance Ruling (OAR) capabilities. This initiative aims to promote trade facilitation, enabling Bolivia to better integrate into global value chains and strengthen its export competitiveness. By improving OAR processes, Bolivia can provide greater certainty and predictability to traders, reducing delays and costs associated with customs procedures. This collaboration with the WCO supports Bolivia's efforts to streamline trade, attract investment, and ultimately boost its economic growth through increased participation in international trade.

Tanzania Upgrades Border Security with Smart Risk Management

Tanzania Upgrades Border Security with Smart Risk Management

Tanzania, with assistance from the World Customs Organization and the Japan International Cooperation Agency, is upgrading its customs risk management framework. This aims to enhance customs efficiency, promote trade facilitation, and combat smuggling through more precise risk identification and response. The upgrade is a significant step towards improving the country's customs administration and contributing to national economic development and trade security. The improved framework will allow for better resource allocation and targeted interventions, ultimately streamlining trade processes and reducing illicit activities.

WCO Advances Customs Modernization with Updated ECP Plan

WCO Advances Customs Modernization with Updated ECP Plan

The WCO's revised Phase IV of the ECP Action Plan aims to advance global customs modernization and promote trade facilitation and security. This is achieved through initiatives like compiling transit trade best practices, revising data model guidelines, focusing on Small Island Economies, researching Special Customs Zones, reviewing the Kyoto Convention, exploring rail customs procedures, developing PLACI guiding principles, aligning AEO with ICAO programs, and updating the disruptive technology report. These efforts collectively contribute to a more efficient and secure global trade environment.

WCO and ICC Partner to Strengthen WTO Customs Valuation Rules

WCO and ICC Partner to Strengthen WTO Customs Valuation Rules

The World Customs Organization (WCO) and the International Chamber of Commerce (ICC) have a long-standing collaboration to promote the global application of the WTO Customs Valuation Agreement. In 2000, they issued a joint declaration aimed at promoting uniform, transparent, and fair customs valuation standards. This collaboration seeks to foster global trade compliance, transparency, and facilitation, ultimately reducing trade costs for businesses. The joint efforts emphasize the importance of consistent and predictable customs valuation practices for efficient and equitable international trade.