Source: AviationPros

Source: Homeland Security Today

U.S. Customs and Border Protection (CBP) and Singapore Customs signed a historic letter of intent today that will enable closer cooperation in the areas of trade facilitation, revenue protection and risk management.

Executive Assistant Commissioner for the Office of Trade Brenda Smith signed the letter of intent in Washington, DC on behalf of CBP and Deputy Director-General Lim Teck Leong signed the letter of intent in Singapore on behalf of Singapore Customs.

Source: WCO

On 11 November 2020 the WCO Secretary General Dr. Kunio Mikuriya welcomed over 1300 registered participants to the first WCO online technology conference. Under the theme Technology for Customs in the time of the pandemic - what have we learnt?, the TECH-CON brought together 50 prominent speakers from Customs, the private sector, international organizations and academia to engage virtually and discuss a plethora of technology-related topics of relevance to Customs and border management.

Source: COINTELEGRAPH

Analysts have been categorizing blockchain projects worldwide into a “periodic table” that allows for a granular analysis of the technology’s inroads into global trade.

The World Trade Organization and Trade Finance Global have published their latest taxonomy of blockchain projects in international trade, arranged into what they present as a “periodic table” for the industry.

Source: Air Cargo News

In the last several years alone, the freight forwarder and customs broker marketplace has experienced significant change.

Driven by everything from the incredible e-commerce boom to new customer expectations, historic operational models in the sector no longer fit the bill in today’s digital world as they had decades ago.

Compounded by the unprecedented disruption from a worldwide pandemic—these challenges have only been further exacerbated—and the race is now on to quickly adapt or risk losing out to burgeoning competition.

Source: The Phnom Penh Post

The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) has postponed the payment of customs broker licence fees for 2019-2020 as the Kingdom’s logistics sector reels from the sweeping effects of the ongoing Covid-19 epidemic.

A letter signed by GDCE director-general Kun Nhem on August 13 and obtained by The Post on Monday noted that the decision was based on a request from the Cambodia Logistics Association (CLA).

Source: WCO

WCO has issued the latest edition of the WCO News magazine, the theme for this issue is customs valuation:

October 2020 - Customs Valuation: history, challenges and opportunities

Source: parcel and postal technology

Planning for Brexit Day among companies in the UK ranges from ‘excellent’ to ‘chaotic’, according to cross-border e-commerce specialist Hurricane Commerce. The company says there is a huge discrepancy between those who have put in place robust plans and those who haven’t. Specifically, postal authorities, carriers, e-commerce merchants and marketplaces all face severe impact on their businesses if they are unable to provide complete and valid data on parcels from January 1, 2021.

Source: ManufacturingToday

The Ministry of Shipping is planning to develop a National Logistics Portal (Marine) to help exporters, importers and service providers. The Indian Ports Association has invited bids for design, development, integration, implementation, operation and maintenance of the National Logistics Portal (Marine) Version 1.0.

Source: WTO

World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects.

The WTO now forecasts a 9.2% decline in the volume of world merchandise trade for 2020, followed by a 7.2% rise in 2021 (Chart 1). These estimates are subject to an unusually high degree of uncertainty since they depend on the evolution of the pandemic and government responses to it.