TNETS Customs and Trade Compliance News


Cambodia launches National Single Window

Chea Vannak / Khmer Tim July 1, 2019 Aun Pornmoniroth, The Ministry of Economy and Finance of the Cambodia last week launched the National Single Window (NSW) aiming to facilitate import and export activities. According to a statement dated June 25, NSW is a facility that allows parties involved in trade and transport to lodge standardised information and documents with a single entry point to fulfill all import, export,...

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Israel, Hong Kong Agree to Ease Export-Import Process

Omri Milman June 30, 2019 Israel has signed a new agreement with Hong Kong, intended to ease customs clearance regulations for export and import between the two. The agreement was signed during the weekend at an annual event of the World Customs Organization in Brussels. According to the agreement, authorized economic operators (AEOs)—goods movers approved by a national customs administration—on both sides will receive various benefits and exemptions at...

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New face of Ukrainian customs

Anna Bredikhina June 29, 2019 The new customs chief has been appointed. It’s former first deputy minister of economic development and trade, Maksym Nefyodov. A young official with a reputation of a reformer announced large-scale changes to turn customs into a European-style body without corruption and with full digitalization of control routine. Revolutionary changes are underway in Ukraine’s customs service. In the last days of June, after a long...

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Chinese consumers’ rising demand drives surge in e-commerce imports

Source: Xinhua| 2019-06-29 22:43:21|Editor: ZX BEIJING, June 29 (Xinhua) — China saw a surge in e-commerce imports on the back of strong consumer demand and a boom in cross-border online platforms, data from an industry report showed. In 2018, China’s imports through e-commerce platforms, including B2B, B2C, C2C and O2O, amounted to 1.9 trillion yuan (about 275 billion U.S. dollars) in 2018, rising 26.7 percent year on year, according to...

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When corruption fights back, the main casualty is economy

TODAY’S PAPER – BUSINESS June 29, 2019 LAHORE: The prevailing culture of tolerating collusive behavior, exploitation, and organised cartelisation is the reason that Pakistan lags behind the rest of the world when it comes to market competition, while political will to support anti-trust agencies is also very weak here. The judicial system in Pakistan does not work efficiently. The procedural delays upset the writ of honest regulators. There is...

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Customs arrangements with Singapore and Canada

Friday, 28 June 2019, 12:49 pmPress Release: New Zealand Government Hon Jenny SalesaMinister of Customs 28 June 2019 PĀNUI PĀPĀHOMEDIA STATEMENT Customs arrangements with Singapore and Canada to benefit New Zealand traders Minister of Customs Jenny Salesa has welcomed new customs arrangements between New Zealand, Singapore and Canada that will streamline trade and benefit traders. The Mutual Recognition Arrangements (MRAs) to recognise supply chain security standards of respective trade programmes...

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Xinjiang improves customs clearance efficiency for China-Europe freight trains

2019-06-28 XinhuaEditor : Gu Liping Customs at Alashankou Port in northwest China’s Xinjiang Uygur Autonomous Region has improved the clearance efficiency for the China-Europe freight trains, according to the customs. The clearance times for the inbound and outbound cargos were 18.5 hours and 0.77 hours, respectively, at the customs in May, 38.8 percent and 47.6 percent lower than the end of 2018, respectively. “We have set up special service...

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Procurement contracts and INCOTERMS; How to ensure your supply contracts are not INCO-mpatible with INCOTERMS

Baker McKenzie Australia 27 Jun 2019 Australia is currently in the midst of an ‘infrastructure boom’ and is experiencing high levels of construction activity in many major industry sectors including in the government, commercial and renewables sectors. This boom has sent the demand for equipment, plant and material skyrocketing and straight onto the ‘critical path’ for the delivery schedule of many projects. In 2018 alone, the Sydney Metro project for...

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UK oil and gas industry warned to know commodity codes or risk damage from no-deal Brexit

Published by Nicholas Woodroof, Assistant Editor  Oil Field Technology June 26, 2019 An oil and gas sector logistics expert has warned UK businesses to ensure they know the commodity codes for goods they trade with the EU now or risk damaging consequences from a no-deal Brexit. Adam Johnson, director of Leeds-based Tudor International Freight, said the industry’s companies currently did not need to quote commodity codes to Her Majesty’s Revenue...

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UK appoints logistics duo to advise on Brexit backstop solutions

26 / 06 / 2019 The UK government has made two key logistics appointments as it looks to deliver its Brexit commitment to find workable alternatives to the Northern Ireland backstop when Britain leaves the European Union (EU). Peter MacSwiney, chairman of Customs clearance software provider ASM, has been appointed to a new Technical Alternative Arrangements Advisory Group, set up by the Department for Exiting the European Union to...

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