2014 IFCBA World Conference
The International Federation of Customs Brokers Associations held its bi-annual world conference "Celebrating 25 Years of Trade Facilitation through Expertise and Innovation" in Seoul, Korea from May 13-17, 2014. Please click here for the press release and for the new IFCBA executive team.
About the IFCBA
The IFCBA has been representing the interests of the worlds' customs brokers and their clients since 1990. Many of our member asoociations have been involved in similar activities within their own countries for nearly a century. » more
Most international bribes are paid by large companies, usually with the knowledge of senior management, according to new OECD analysis of the cost of foreign bribery and corruption.
Bribes in the analysed cases equalled 10.9% of the total transaction value on average, and 34.5% of the profits – equal to USD 13.8 million per bribe. But given the complexity and concealed nature of corrupt transactions, this is without doubt the mere tip of the iceberg, says the OECD.
Bribes are generally paid to win contracts from state-owned or controlled companies in advanced economies, rather than in the developing world, and most bribe payers and takers are from wealthy countries. ...
This has been excerpted from a 2 December 2014 news release by OECD and is available in its entirety at:
The World Customs Organization (WCO) welcomes the 27 November 2014 decision of the World Trade Organization (WTO) General Council to adopt the Protocol of Amendment to the Trade Facilitation Agreement (TFA). This decision inserts the TFA into Annex 1A of the WTO Agreement.
The WTO’s decision is a critical step to implement the TFA, which focuses on Customs-related topics and foresees cooperation between all relevant agencies and stakeholders.
The WCO and the WTO have a long-standing history of cooperation and, as one of the Annex D organizations, the WCO has supported the trade facilitation negotiating process since inception. With decades of experience in implementing global Customs standards, the WCO is an important source of expertise for supporting a harmonized approach in TFA implementation, based on the Revised Kyoto Convention (RKC) and many other WCO instruments and tools.
This has been excerpted from a 28 November 2014 news release by the World Customs Organization and is available in its entirety at:
China and Australia sealed a landmark free trade agreement on Monday that could significantly expand trade between the two economies.
Australia, which signed trade deals with Japan and Korea earlier this year, says China is its largest trading partner, with two-way trade of $130 billion Australian ($128 billion Cdn) in 2013.
It’s taken more than a decade to negotiate the deal which will open up the huge Chinese market to Chinese farm exports and the services sector.
This has been excerpted from the 17 November 2014 edition of CBC News and is available in its entirety at:
Five Must Dos to Avoid Extinction
Trade, the lifeblood of the global economy, is rapidly evolving. Volume is set to double over the next decade, traditional trade routes are shifting, and with the onset of digital trade - the very concepts of borders and goods are changing. While customs agencies are uniquely placed to support economic growth, facilitate trade and fight sophisticated crime, they may risk their countries' ability to generate revenue, maintain security and increase competitiveness unless they can adapt and survive in this new world.
This has been excerpted from a release by Accenture and is available in its entirety at:
Restrictive trade measures introduced by G-20 economies since 2008 continue to rise, according to the latest WTO report on recent trade developments issued on 6 November 2014. Given the continuing uncertainties in the global economy, the report stresses the need for countries to show restraint in imposing new measures and to eliminate more of the existing measures.
This has been excerpted from a 6 November 2014 news item by the World Trade Organization and is available in its entirety at: