Source: Global Trade

Hidden costs

Source: WCO

Source: JDSUPRA

Overview

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, and it encompasses under its fold seven premier government institutions.

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 costing him one of his kidneys. The drugs were fake.

The World Health Organization (WHO) estimates that every year some 100,000 people across Africa die from taking "falsified or substandard" medication.

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 (EAD) exchange, how to secure data quality, cooperation between Customs and Posts, potential integration and harmonization of the data of CN22/23, etc.

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 Secretariat.  It was attended by 30 officials from the Customs Tariff Division, Customs Tariff Appeal Section, International Customs Tariff Section and Customs Talent Management Programme, all working at the Headquarters.

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 January 2022.

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 of a slowdown.

IFCBA is pleased to welcome its newest associated business, Zahid Masud & Company, located in Karachi.