WCO Workshop Enhances Panama Customs Valuation Practices

WCO Workshop Enhances Panama Customs Valuation Practices

With the support of the China Customs Cooperation Fund, the World Customs Organization (WCO) held a virtual workshop on customs valuation for Panama Customs, aiming to enhance its capacity to implement the WTO Agreement on Customs Valuation. The workshop covered key concepts, latest developments, and post-clearance audit applications of the Agreement. Through a combination of theory and practice, it improved participants' skills in document review, customs clearance, and risk management. The WCO will continue to deepen cooperation to support global customs capacity building and promote trade prosperity.

12/30/2025 Customs Knowledge
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WCO South Korea Aid Yemens Customs Reform Amid Crisis

WCO South Korea Aid Yemens Customs Reform Amid Crisis

With funding from the Korea Customs Cooperation Fund (CCF), the World Customs Organization (WCO) held a high-level seminar in Amman, Jordan, to assist Yemen Customs in transitioning from crisis response to recovery. The seminar focused on key issues such as capacity building and strategic planning. The WCO provided technical assistance and resource coordination, while Korea provided financial support. The Head of Yemen Customs expressed gratitude to the WCO and pledged to enhance trade security and competitiveness to achieve national recovery. This initiative highlights the importance of international cooperation in supporting fragile states.

01/05/2026 Customs Knowledge
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MENA Region Boosts Customs Risk Management Via WCO Workshop

MENA Region Boosts Customs Risk Management Via WCO Workshop

The Middle East and North Africa (MENA) Regional Workshop on Risk Assessment and Targeting, sponsored by the World Customs Organization (WCO) and hosted by Qatar Customs, was held in Doha. The workshop aimed to enhance the risk management capabilities of customs administrations in the region. Focusing on risk assessment and profiling, the event facilitated the exchange of experiences through case studies and national reports. The goal was to improve customs' ability to identify and manage risks, enabling them to address the challenges posed by increasingly complex global trade.

01/05/2026 Customs Knowledge
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WCO Marks 20 Years of Boosting Asiapacific Customs Capacity

WCO Marks 20 Years of Boosting Asiapacific Customs Capacity

The WCO Regional Office for Capacity Building Asia Pacific (ROCB A/P) celebrates its 20th anniversary. It has significantly enhanced customs capacity in the region and promoted trade facilitation. Moving forward, the ROCB A/P will continue to strengthen cooperation with member administrations and partners. Its focus remains on delivering effective capacity building programs and fostering regional integration to support sustainable economic growth and security within the Asia-Pacific region. The anniversary marks a significant milestone in the ROCB A/P's commitment to advancing customs modernization and regional collaboration.

01/05/2026 Customs Knowledge
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Montenegro Customs Boosts Valuation Skills in WCO Workshop

Montenegro Customs Boosts Valuation Skills in WCO Workshop

The World Customs Organization (WCO) held a workshop on customs valuation for Montenegrin customs officials. The workshop aimed to enhance their professional skills and master the use of valuation databases for risk assessment. Covering the WTO Agreement on Customs Valuation, valuation methods, and practical case studies, the workshop assists Montenegrin customs in better fulfilling their duties, safeguarding national revenue, and ensuring fair trade. The training is expected to improve their ability to accurately assess the value of goods and effectively identify potential risks associated with import and export activities.

01/05/2026 Customs Knowledge
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Malta Customs Adopts Innovation to Strengthen Island Economy

Malta Customs Adopts Innovation to Strengthen Island Economy

The Secretary General of the World Customs Organization visited Malta to discuss development opportunities for small island economies. Malta's Finance Minister highlighted the country's economic transformation, emphasizing the crucial role of customs. The Prime Minister presented the vision of a "Blockchain Island" and called for strengthened international cooperation. Malta Customs has achieved significant success in risk management and technology application, providing a valuable reference for customs cooperation among Mediterranean countries. The discussions focused on leveraging technology and collaboration to enhance trade facilitation and security in the unique context of a small island nation.

01/05/2026 Customs Knowledge
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Crossborder Ecommerce Firms Struggle With Customs Compliance

Crossborder Ecommerce Firms Struggle With Customs Compliance

Cross-border e-commerce companies need to balance compliance and efficiency when choosing a customs clearance model. General trade clearance offers high compliance and tax refunds, suitable for bulk goods. Express customs clearance is convenient and efficient but subject to policy restrictions, making it suitable for small-batch replenishment. Companies should select the most appropriate customs clearance method based on their own business characteristics and target market policies. The optimal choice depends on factors such as shipment size, product type, and desired speed of delivery, ensuring both regulatory adherence and operational effectiveness.

01/05/2026 Customs Knowledge
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West and Central Africa Boost Customs Cooperation

West and Central Africa Boost Customs Cooperation

The 2015 Liaison Office Meeting on Customs Capacity Building in West and Central Africa was held in Senegal, focusing on regional customs reform and capacity enhancement. The meeting reviewed the implementation of the strategic plan, initiated the identification of assistance needs, promoted a regional capacity-building market, and discussed key projects. Through mutual cooperation and field visits, the aim was to improve regional customs efficiency, facilitate trade, and safeguard the economic development of West and Central Africa. The meeting emphasized collaboration to strengthen customs operations and regional integration.

01/07/2026 Customs Knowledge
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Caribbean Customs Postal Services Strengthen Ecommerce Ties

Caribbean Customs Postal Services Strengthen Ecommerce Ties

A Caribbean Customs-Postal Cooperation Workshop was held in Guyana, focusing on the challenges and opportunities of e-commerce. The workshop emphasized the importance of electronic data interchange (EDI) and security measures to facilitate cross-border trade. Participants aimed to establish a regional cooperation framework to address the evolving needs of the e-commerce landscape within the Caribbean. The discussions highlighted the need for strengthened collaboration between customs and postal services to ensure efficient and secure handling of e-commerce shipments and to foster sustainable e-commerce development in the region.

01/07/2026 Customs Knowledge
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Fedex Decline Reflects Global Freight Market Slowdown

Fedex Decline Reflects Global Freight Market Slowdown

FedEx's disappointing performance has raised concerns about the global freight market. The report indicates that weak global freight demand led to lower-than-expected revenue and a sharp decline in FedEx's stock price. The company is implementing cost-cutting measures to address these challenges. Cathay Pacific's data also reveals a general downturn in the air cargo market. The article analyzes the underlying causes of this market weakness and offers coping strategies for cross-border e-commerce sellers. The downturn reflects broader economic headwinds impacting international trade and logistics.

01/07/2026 Logistics Industry Insights
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