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WCO organizes first forum on E-Commerce and Customs Valuation
On 15 February 2023, the World Customs Organization (WCO) held the first symposium on E‑Commerce and Customs Valuation. During the hybrid event, international organizations, Customs administration, and the private sector discussed the challenges in calculating Customs Value for E‑Commerce. The participants agreed to
WCO Secretary General promotes Customs role in fragile and conflict-affected situations
From 17 to 19 February, Dr. Kunio Mikuriya, the Secretary General of the World Customs Organization (WCO), attended the 59th Munich Security Conference (MSC). This prominent global forum, founded back in 1963, gathered over 850 delegates, including more than 40 Heads
European Road Freight Rate Benchmark Q4 2022: Spot index down 2.4 points in Q4, first fall since Q1 2020
The Upply x Ti x IRU European road freight rates index for Europe shows that spot rates fell by 2.4 index points in Q4 2022 vs Q3. This represents the first fall in the spot index since Q1 2020, but
Regional consultation on WCO modernization with the Asia/Pacific region
On 7 and 8 February 2023, the WCO conducted its sixth and final regional consultation on WCO modernization with the Asia/Pacific (A/P) region. In his opening remarks, the regional Vice-Chair referred to many changes in the international operating environment, especially
IMF: Global growth will be weak in 2023
The global economy is set to slow down this year before bouncing back in 2024, a senior official with the International Monetary Fund (IMF) has said, citing China’s sudden re-opening following the end of its “zero-COVID” policy, and a mild
Press Point: Executive VP Dombrovskis and Ambassador Katherine Tai, U.S. Trade Representative
In the course of his speech, Executive Vice-President Dombrovskis ensured that much importance is attached to the Transatlantic relationship in Europe, and underlined that both sides want the next Trade and Technology Council to deliver on common pledges to build a
