Source: Macauhub

Angola‘s revised Customs Tariff, which is due to enter into force on 29 December, eliminates the current export tax on crude ores, set at 5.0% until now, the General Taxation Administration (AGT) said in a statement released on Thursday in Luanda.

The document also sets out a tax exemption on goods imported as part of private investment projects and the extension of exemptions on products for humanitarian purposes imported by churches and non–governmental organisations.

The IFCBA Secretariat wanted to share with our IFCBA colleagues season’s greetings we received from the World Customs Organization. The relationship of the world’s customs brokers and national customs administrations is key to our security and prosperity.

To all, we wish a very happy holiday season and the best of all things in 2020.

The U.S. Food and Drug Administration has proposed a rule that, if implemented, would allow states to import certain prescription drugs from Canada.

Source: The Korea Times

KCS chief vows to place top priority on helping SMEs.

Korea is seeking to become a leader in global customs services by offering solutions to complex international clearance procedures in a bid to foster trade relations between local businesses and partner nations worldwide, the head of the state-run customs service agency said Tuesday.

Source: Bloomberg Businessweek

Across British industry, Brexit remains a dirty word—unless you’re a customs agent. These middlemen, who make sure goods don’t get held up at border crossings, might be just about the only businesspeople cheering for the divorce.

For a quarter-century, companies across the European Union have enjoyed frictionless trade, including no customs checks. As the U.K. prepares to leave the EU, businesses face endless paperwork to keep everything from car parts to furniture moving between Britain and its largest trading partner.

Source: Waging Nonviolence

After two months of protest by business owners and workers in Mombasa, the government rescinded a decision that dealt a major blow to the cargo industry.

On Dec. 4, Kenya’s senate committee on transport summoned the cabinet secretary for transport over his directive to haul cargo from the port city of Mombasa to Nairobi exclusively by rail. The meeting — attended by activists, businessmen and leaders from Mombasa — ended with the cabinet secretary, James Macharia, promising to rescind the directive, which has hurt business in the coastal city.

Source: PRWIRE

Simplifies and speeds up the declaration process and improves accuracy.

Imports and exports to China will be streamlined using Global Trade Item Numbers (GTIN) thanks to a resolution by Chinese Customs. 

The General Administration of Customs of China (GAC) rolled out a GTIN reporting function for its single window declaration system on 1 August 2019, marking a significant step toward adopting GS1 barcodes in customs clearance. The decision comes in response to recent rapid growth in cross-border trade, both in type and volume. 

Source: CBC News

The World Trade Organization says the United States can impose tariffs on up to $7.5 billion US worth of goods from the European Union as retaliation for illegal subsidies that the bloc gave to plane-maker Airbus — a record award from the trade body.

The move green-lights the Trump administration to slap countermeasures on the 28-member bloc and follows a WTO ruling in May 2018 on the Airbus subsidies.

Source: Lloyd's Loading List

The US is to remain a member the world’s postal system after Universal Postal Union (UPU) members approved a compromise agreement which will allow the US Postal Service (USPS) to declare its own rates for imported small parcels from China and the rest of the world from next July.

The compromise deal, reached during a plenary session yesterday afternoon of an UPU Extraordinary Congress in Geneva, was passed by acclamation without a vote.