TNETS is often asked about the best approach for businesses to take in maintaining trade compliance. TNETS Director, Neil Johnson, was recently called upon to speak on the same subject at a trade management gathering in Singapore. He took the opportunity to share TNETS’ suggestions as to how best practice in trade compliance is best…
05 August 2021 – A new ‘customs procedure code’ will facilitate the faster movement of goods through smaller ports, an international trade and customs expert has said. Customs procedure codes (CPCs) are entered onto customs declarations to identify the customs and/or excise regimes which goods are being entered into and removed from (where this applies).…
13 April 2021 – As a logistics hub in Northeast China, Shenyang in Liaoning province has optimized its land transport network and ensured that its customs clearance is smooth and barrier-free, local officials said. On March 28, a cargo train filled with auto parts and machinery departed from Shenyang to Duisburg in Germany. It was…
5 April 2021 – Ever since the National Immigration Administration was established in April 2018, frontier inspection departments in Shanghai have been continuing to improve under its guidance and management to better serve “dual circulation” — domestic and overseas markets reinforcing one another with the domestic market as the mainstay, such as “zero waiting time”…
28 March 2021 – Five MoUs signed in areas such as disaster management, bilateral trade remedies, ICT equipment supplies, establishment of sports facilities Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina have agreed on the need to remove non-tariff barriers to increase bilateral trade. They also decided to fast-track the on-going joint study…
21 March 2021 – Customs brokers: Who are they? What do they do? Cross-border supply chains can be time consuming and complex. A customs broker can help navigate cross-border freight. But companies should know what to look for in a customs brokerage. What is a customs broker? According to U.S. Customs and Border Protection (CBP), customs…
12 March 2021 – Cross border traders can now engage in export and import trade with ease particularly during the hard times of the Covid-19 pandemic, thanks to the Rwanda trade portal. Traders say the portal has significantly reduced time taken to accessing export and import trade information. The Rwanda Trade Portal (https://rwandatrade.rw/) is an…
30 November 2020 – KUALA LUMPUR, ASEAN member states are speeding up their economic integration by mitigating intra-Asian trade challenges and accelerating seamless trade in goods by roads with the new ASEAN Customs Transit System (ACTS). The ACTS was developed to streamline cross-border customs processes with the aim of accelerating land transit movements and reducing…
23 November 2020 – OneConnect Financial Technology has recently unveiled the project, the ‘Guangdong-Hong Kong-Macao Greater Bay Area Port Logistics & Trade Facilitation Blockchain Platform’. The financial technology services company has launched this project for Shekou and Shunde ports. The company is a technical supporter of this project, which constructed the blockchain platform and core port logistic…
22nd November – 2020 ABU DHABI, (WAM) — Via teleconference, the United Arab Emirates and the Republic of Indonesia signed an Action Plan for a mutual recognition arrangement on the Authorised Economic Operator Program, AEO, in a step to facilitate inter-countries trade, effective and swift implementation of program mutual recognition agreement under the umbrella of…
