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.

01/22/2026 Customs Knowledge
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Europe Launches Journal for Global Trade Compliance Research

Europe Launches Journal for Global Trade Compliance Research

The *Customs Scientific Journal*, initiated by the European Regional Training Centre, aims to gather research findings in the European customs field, promote academic exchange, and drive innovation and development in customs practices. The journal focuses on four core themes: customs-business partnerships, professional education, WCO standards application, and best practices. It injects new vitality into academic exchange and practical innovation in the global customs field, providing a platform for sharing knowledge and fostering collaboration among customs professionals and researchers worldwide.

01/22/2026 Customs Knowledge
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Firms Urged to Secure Vulnerable Outsourced Supply Chains

Firms Urged to Secure Vulnerable Outsourced Supply Chains

This paper analyzes security vulnerabilities existing in the outsourcing links of international supply chains. It points out the limitations of current supply chain security plans and proposes strategies to bridge these gaps. These strategies include strengthening due diligence, developing security standards, enhancing security supervision, establishing information sharing platforms, applying advanced technologies, and improving employee security awareness. The paper argues that a multi-faceted approach is crucial for mitigating risks associated with outsourcing and ensuring a more secure and resilient global supply chain.

01/22/2026 Customs Knowledge
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US Trucking Rates Unaffected by Stricter English Proficiency Rules

US Trucking Rates Unaffected by Stricter English Proficiency Rules

Increased enforcement of English proficiency standards for truck drivers in the US aims to improve road safety. Analysis suggests a limited impact on overall capacity and freight rates, despite rising violation and out-of-service rates. Truck freight rates are primarily driven by demand, not supply. While localized capacity constraints may occur in the short term, long-term effects are still being assessed. Future monitoring should focus on macroeconomic conditions and market demand fluctuations to fully understand the implications of this policy.

01/22/2026 Logistics Industry Insights
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Logistics Firms Grapple With New Freight Classification Costs

Logistics Firms Grapple With New Freight Classification Costs

The National Motor Freight Traffic Association (NMFTA) will convene to discuss revisions to the National Motor Freight Classification (NMFC), potentially leading to freight rate adjustments, operational changes, and system upgrades. Logistics companies should actively participate in the revision process, strengthen employee training, optimize packaging solutions, and foster strong relationships with carriers to adapt to the evolving market environment. These proactive measures will help mitigate the impact of the changes and ensure smooth operations in the face of new regulations and industry standards.

01/27/2026 Logistics
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Financial Accounting Basics for Nonfinancial Managers

Financial Accounting Basics for Nonfinancial Managers

This guide aims to equip non-financial managers with a quick grasp of core financial accounting concepts and practical skills. It covers the importance of financial accounting, fundamental concepts, financial statement interpretation, accounting standards, financial ratio analysis, budgeting and forecasting, and limitations of financial statements. The goal is to enhance decision-making quality for non-financial managers, facilitate cross-departmental communication, and boost their professional competitiveness. It provides practical insights to navigate financial information and contribute effectively to organizational success.

01/27/2026 International Settlement
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Moldova Simplifies Ecommerce Customs with WCO Backing

Moldova Simplifies Ecommerce Customs with WCO Backing

With the support of the Swiss State Secretariat for Economic Affairs (SECO), the World Customs Organization (WCO) held an e-commerce workshop for the Moldovan Customs Service (MCS) to enhance its cross-border e-commerce processing capabilities. By streamlining procedures, promoting information sharing, and aligning with WCO standards, the MCS aims to accelerate customs clearance, reduce costs, and integrate into the global e-commerce ecosystem. Follow-up technical assistance focusing on relief consignments will be provided to further improve customs efficiency.

01/26/2026 Customs Knowledge
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HS Committee Addresses Commodity Classification Issues in 54th Session

HS Committee Addresses Commodity Classification Issues in 54th Session

The 54th session of the Harmonized System (HS) Committee's classification decisions and related amendments have been released. These rulings clarify commodity classification standards, aiming to assist businesses in more accurately classifying goods and avoiding trade frictions and losses. Staying informed about these updates is crucial for ensuring businesses' compliance. The decisions provide guidance on specific product classifications, helping businesses navigate customs regulations and ensure proper documentation for international trade. Understanding these changes is essential for smooth import and export operations.

01/26/2026 HS Code Query
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WCO Advances Global Trade with Regional Framework

WCO Advances Global Trade with Regional Framework

The WCO promotes trade facilitation through its regional architecture, emphasizing capacity building, strategic planning, and cooperation. It leverages platforms like CLiKC! to address global trade challenges. This regional approach allows for tailored solutions and stronger partnerships within specific geographic areas. By fostering collaboration and knowledge sharing, the WCO aims to streamline customs procedures, reduce trade barriers, and ultimately contribute to increased economic growth and development within the regions it serves. This includes harmonizing standards and promoting the adoption of international best practices.

01/26/2026 Customs Knowledge
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Antigua and Barbuda Joins World Customs Organization

Antigua and Barbuda Joins World Customs Organization

Antigua and Barbuda officially joined the World Customs Organization (WCO) as its 182nd member. This strengthens the WCO's presence in the Americas/Caribbean region and injects new vitality into global customs cooperation. The WCO is dedicated to improving customs management efficiency through setting standards, providing assistance, and promoting cooperation. Its core mission is to facilitate trade and enhance security worldwide. Antigua and Barbuda's membership will contribute to these efforts and benefit from the WCO's expertise in international trade and customs procedures.

01/26/2026 Customs Knowledge
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