News

Source: WCO PRESS RELEASE 5 th 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: 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: 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: 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 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: 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…