News

Source: MENAFN World Customs Organization (WCO) and Kuwait signed a memorandum of understanding on establishing the organization's Regional Training Center in Kuwait, as a certified customs training body. The memorandum was signed by WCO Secretary General Dr. Kunio Mikuriya and Director General of…

Source: US Government Accountability Office February 27, 2020 Congressional Committees International Mail: Stakeholders’ Views on Possible Changes to Inbound Mail Regarding Customs Fees and Opioid Detection Efforts According to the National Institute on Drug Abuse, over 130 people in the United…

Source: WCO From 17 to 19 February 2020, the WCO Anti-Corruption and Integrity Promotion (A-CIP) Programme for Customs organized its first A-CIP coordinators’ workshop at WCO headquarters in Brussels, prior to the WCO Integrity Sub-Committee (ISC). The meetings offered an opportunity to bring A-CIP…

Source: WCO PRESS RELEASE 5th WCO Global AEO Conference cancelled Brussels, Belgium – 14 February 2020 Since the first edition of WCO Global AEO Conference held in Korea in 2012, the World Customs Organization (WCO) has brought together Customs administrations, the business community, policymakers…

Source: STAT News As a novel coronavirus spreads through China and rattles the rest of the world, the pharmaceutical industry is on guard over the adequacy of its global supply chain. Over the past decade, China has become a bigger player in the market for active pharmaceutical ingredients, which…

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…