News

Source: Global Trade Hidden costs Tariffs, quotas and sanctions are all overt hurdles to free trade that increase the costs of commercial exchanges or even prohibit them. But not all barriers to trade are written down in law or even apparent on the surface. Some lurk in the form of money changing…
Source: WCO Once again, the Customs community comes together, united in celebrating International Customs Day, which officially falls on 26 January of each year. This special day enables WCO Members, the WCO Secretariat and Customs’ worldwide partners to dedicate themselves to taking forward a…
Source: JDSUPRA Overview In 2018, the World Customs Organization (WCO) published a new edition of the Guide to Customs and Transfer Pricing. The updated guide introduced a pending issue for international guidance in relation to Customs requirements and procedures for transfer pricing adjustment.…
The IFCBA Secretariat was very pleased to learn that IFCBA Immediate Past Chair, Mr. Shantanu Bhadkamkar has been nominated, by His Excellency The President of India, as a Member on the Court of Indian Maritime University (IMU) for a three-year term. IMU was established through an Act of Parliament,…
Source: Medical Xpress After he was struck down by malaria and typhoid, Togolese tailor Ayawo Hievi thought he was set to recover when he started taking drugs prescribed by his doctor. But far from curing him, the medication he was given at the neighbourhood clinic made him far worse—eventually…
Source: WCO A National Workshop on the Harmonized System and Advance Rulings on Classification was held in Bangkok, Thailand, from 16 to 20 December 2019. The Workshop, jointly organized by the WCO and the Thai Customs Department and funded by CCF Japan, was facilitated by two experts from the WCO…
Source: WCO Around 40 experts from Customs administrations and postal operators met in Bern, Switzerland on 10 and 11 December 2019 in the framework of the WCO-UPU Contact Committee, where participants discussed the challenges and way forward related to the implementation of electronic advance data…
Source: WCO HS 2022, which is the seventh edition of the Harmonized System (HS) nomenclature used for the uniform classification of goods traded internationally all over the world, has been accepted by the all Contracting Parties to the Harmonized System Convention. It shall come into force on 1…
Source: Supply Chain Management Review E-commerce has become a growth driver in all 3PL segments and working with or against Amazon remains a hot topic, notes Evan Armstrong, president of A&A. The consultancy estimates 2018 U.S. e-commerce logistics costs were $141.6 billion, with no immediate signs…