Sierra Leone Djibouti Join HS Convention to Streamline Trade

Sierra Leone Djibouti Join HS Convention to Streamline Trade

In 2015, Sierra Leone and Djibouti acceded to the International Convention on the Harmonized Commodity Description and Coding System, becoming the 152nd and 153rd contracting parties. This is significant for both countries, facilitating trade, enhancing international competitiveness, and promoting economic development. The Convention covers over 98% of global trade in goods. Its standardized coding system simplifies trade procedures, enhancing the efficiency, transparency, and standardization of global trade.

01/07/2026 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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WCO Committee Advances Global Trade Facilitation Measures

WCO Committee Advances Global Trade Facilitation Measures

The latest meeting of the WCO Technical Committee focused on customs facilitation, emphasizing data standardization, risk management, SME support, cross-border e-commerce facilitation, and AEO mutual recognition. Businesses should strengthen compliance management, embrace digital transformation, and enhance international cooperation to adapt to the evolving trade landscape. The meeting highlighted the importance of streamlined processes and innovative solutions to promote efficient and secure international trade flows, ultimately contributing to global economic growth and development.

01/20/2026 Customs Knowledge
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Wcos ECP Phase V Modernizes Global Trade Competitiveness

Wcos ECP Phase V Modernizes Global Trade Competitiveness

The World Customs Organization's (WCO) Economic Competitiveness Package (ECP) Phase V aims to enhance members' economic competitiveness by optimizing customs procedures, embracing information technology, and effectively managing risks. The program covers key areas such as the Revised Kyoto Convention, e-commerce, and coordinated border management. It emphasizes knowledge sharing, technical assistance, and capacity building to promote the facilitation and security of global trade. The ECP seeks to streamline processes, reduce costs, and improve efficiency for businesses involved in international trade, ultimately contributing to stronger national economies.

01/19/2026 Customs Knowledge
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WCO Advocates Gender Equality to Boost Global Trade

WCO Advocates Gender Equality to Boost Global Trade

The World Customs Organization virtual working group meeting focused on gender equality and diversity within trade facilitation, emphasizing collaboration to foster an inclusive customs environment. Discussions explored the link between gender, inclusion, and trade, highlighting the need to raise awareness of the gender impact of trade policies. Customs administrations shared measures to promote gender equality and inclusion, aiming to ensure that more women and marginalized groups benefit from trade. The meeting underscored the importance of creating a level playing field and addressing systemic barriers to participation in international trade.

01/26/2026 Customs Knowledge
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HS Convention at 25 Data Shapes Global Trades Future

HS Convention at 25 Data Shapes Global Trades Future

The World Customs Organization (WCO) celebrated the 25th anniversary of the Harmonized System Convention, highlighting the HS's central role and future development in international trade. As a universal language for global trade, the HS simplifies trade processes and enhances efficiency. The WCO is actively conducting strategic reviews to ensure the HS adapts to new trade patterns and technological advancements. It also encourages greater participation from developing countries in HS-related activities, fostering a more inclusive and responsive global trade environment. This ensures the HS remains relevant and effective in facilitating international commerce.

01/26/2026 Customs Knowledge
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WCO Adopts New Tech to Transform Global Trade

WCO Adopts New Tech to Transform Global Trade

The WCO conference focused on emerging technologies, updating cross-border e-commerce standards, promoting customs digital transformation, and strengthening international cooperation. Discussions addressed how to leverage technology for trade facilitation while mitigating associated risks. Key priorities included enhancing global trade security and adapting to the challenges posed by disruptive technologies. The conference emphasized the importance of collaboration and innovation in navigating the evolving landscape of international trade and ensuring a secure and efficient global trading system.

01/26/2026 Customs Knowledge
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Exploring Moscow: A Comprehensive Overview of Sheremetyevo International Airport

Exploring Moscow: A Comprehensive Overview of Sheremetyevo International Airport

Sheremetyevo International Airport (SVO), as Moscow's main aviation hub, attracts travelers worldwide with its efficient and convenient services. The airport features six terminals, handling millions of domestic and international flights connecting major cities. While adhering to strict customs requirements, Sheremetyevo provides a wealth of commercial facilities and a comfortable passenger experience, making it an exemplary model of modern transportation.

07/21/2025 Airport Codes
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Unveiling The Mysteries Of Air Consolidated Shipping

Unveiling The Mysteries Of Air Consolidated Shipping

Air consolidated shipping is a method where goods from multiple shippers are gathered together by a consolidator who books space with an airline. This process allows shippers to enjoy lower freight rates while enhancing transportation efficiency. Consolidated shipping involves the use of master air waybills and house air waybills, ensuring that goods are delivered safely and on time, making it an indispensable part of modern logistics.

07/21/2025 Logistics Encyclopedia
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