TNETS Customs and Trade Management News


SPONSORED CONTENT: Digital Disruption – exploring the Collaboration Conundrum

SPONSORED CONTENT: Digital Disruption – exploring the Collaboration Conundrum

By Richard Clayton, Chief Correspondent Dec 6 2019 / Lloyd’s loading List Logistics businesses have come late to the digital era. The sector is plagued with legacy systems and processes politely described by external observers as “out-dated”. Senior management is split between those who understand the tremendous potential of analysing customer data and those who are waiting until a solution becomes unavoidable. The way forward is through collaboration but...

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Stakeholders have until Jan 31 to raise Customs Act concerns

Stakeholders have until Jan 31 to raise Customs Act concerns

By Alphea Saunders Dec 6 2019 / Jamaica Observer THE long-awaited parliamentary review of the Customs Act (2019) began yesterday with the first meeting of a 13-member joint select committee, but it will be another month before the deliberations truly get under way. The committee has agreed to give a wide cross section of stakeholders, who will be affected by the broad changes, until January 31 to raise lingering...

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Customs brokers charged over $1bn Australian drug seizure

By Will Waters Dec 5 2019 / Llyod’s Loading Lists Two customs brokers have been charged over Australia’s largest ever seizure of the drug methamphetamine – after A$1 billion (US$680 million) of the drug was found hidden inside speakers shipped as ocean freight from Thailand to Melbourne. More than six months after the drugs were seized, federal police yesterday arrested two men and a woman, who appeared briefly in...

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How to Choose a Customs Clearing Agent and Freight Forwarder

How to Choose a Customs Clearing Agent and Freight Forwarder

By Hima Bindhu Dec 5 2019 / Grain Mart News The successful export or import of a shipment is dependent on several entities. No matter how big or small a shipment is, two entities stand out due to the importance of their roles in a shipment. The two entities are clearing agents and freight forwarders. Freight Forwarding and Clearing Agent The duty of movement of consignments in favor of...

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D.T.I. still hopes to get Thailand to heed W.T.O. ruling on cigarettes

D.T.I. still hopes to get Thailand to heed W.T.O. ruling on cigarettes

By Samuel P. Medenilla Dec 5 2019 / Business Mirror THE Department of Trade and Industry (DTI) on Wednesday announced it will be making a last-ditch effort this month to persuade Thailand, to recognize the World Trade Organization (WTO) ruling invalidating Thai customs and fiscal measures on cigarettes from Manila. Trade Secretary Ramon M. Lopez said he will personally write a letter this month to his Thai counterpart ,hoping this will convince...

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Customs World inks MoU with Indonesia to roll out World Logistics Passport

Customs World inks MoU with Indonesia to roll out World Logistics Passport

By Mohd Aamir Dec 4 2019 / Emirates News Agency DUBAI, 4th December, 2019 (WAM) — A Memorandum of Understanding was recently signed between Customs World, a subsidiary of the Ports, Customs and Free Zone Corporation, and the Indonesian Logistics and Forwarders Association, to share information that benefits both parties in order to boost the bilateral exchange of goods between the two countries through the use of the World...

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Edaran unit bags IT maintainance contract worth RM56.71 mil from RMCD

By Bernama Dec 4 2019 / The Edge KUALA LUMPUR (Dec 3): Edaran IT Services Sdn Bhd (Edaran IT) has secured a contract worth RM56.71 million to undertake the maintenance work of hardware, server software and application of the Customs Information Systems from the Royal Malaysian Customs Department (RMCD). Edaran IT is a wholly-owned subsidiary of Edaran Bhd. In a filing with Bursa Malaysia Tuesday, Edaran said the 24-month...

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Inceptua and Bendalis partner on 'Brexit-safe' clinical trial supply service

Inceptua and Bendalis partner on ‘Brexit-safe’ clinical trial supply service

By Nick Taylor Dec 4 2019 / Outsourcing-Pharma.com Inceptua Group and Bendalis join forces to supply generic cancer drugs for use in clinical trials. Bendalis is a German manufacturer of generic oncology medicines, including the chemotherapy drug doxorubicin and an off-patent version of Pfizer’s colon cancer drug Camptosar (irinotecan). Inceptua, formerly known as Multipharma, is a provider of clinical trial services, including study drug procurement. The companies have come...

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China says no 'time limit' on trade deal

China says no ‘time limit’ on trade deal

Dec 4 2019/ CNA BEIJING: China echoed comments from President Donald Trump Wednesday (Dec 4), saying there was no deadline for signing a US-China trade deal, as tensions spiked between the two countries over human rights issues. On Tuesday, Trump warned that efforts to resolve the spat between the world’s top two economies could continue until after next November’s US election, triggering a selloff in global markets. When asked...

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Kenya forcing importers to use costly new Chinese railway, businessmen say

Kenya forcing importers to use costly new Chinese railway, businessmen say

By Duncan Miriri Dec 3 2019 / Reuters MOMBASA, Kenya (Reuters) – Kenya’s new Chinese-built railway should have been a boon for business. The $3.3 billion line sliced hours off the journey from the port city of Mombasa to the capital, Nairobi. But some importers said their transport costs shot up by nearly 50% when they used the rail due to extra fees, more time spent clearing goods at...

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