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Trade Development News
- Feb 23
- 2 min
OECD Report: Misuse of Containerized Maritime Shipping in the Global Trade of Counterfeits
Trade in counterfeit goods represents a longstanding, and growing, worldwide socio-economic risk that threatens effective public governance, efficient business and the well-being of consumers. At the same time, it is becoming a major source of income for organised criminal groups. It also damages economic growth by undermining both business’s revenue and their incentive to innovate. Counterfeit and pirated products tend to be shipped by virtually every means of transport. In
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Trade Development News
- Feb 16
- 2 min
Dentsu Tracking partners KW Group in Asia to support Supply Chain Digitisation & Fight Illicit Trade
We are delighted to announce a new partnership between Dentsu Tracking and KW Group to lead development in the Asia Pacific region. Dentsu Tracking is committed to assist governments and the private sector in the digitisation of supply chains in the region and to support the fight against illicit trade through collaboration with ministries of finance, customs, and enforcement bodies. The company fully supports the regional development of trade digitisation as a driver for eco
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Trade Development News
- Jan 21
- 1 min
Cambodia To Implement Data Automation Between Tax & Customs Authorities
System will strengthen tax and customs cooperation, enabling instantly the sharing and exchange of data and information, including corporate tax registration, corporate import and export declaration documents, sales and purchase records, as well as other related documents. The introduction of the data automation system represents Cambodia’s optimisation of new technology to strengthen inter-institutional cooperation. Under the automated exchange system, the two tax authoritie
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Trade Development News
- Jan 12
- 2 min
Balancing Facilitation & Control To Combat Illicit Trade In Free Trade Zones
A 2020 update of the ICC BASCAP report assessing the environment and highlighting trends in counterfeiting and other forms of illicit trade facilitated within free trade zones. What’s at risk? Free Trade Zones (FTZs) provide significant opportunities for legitimate business and play a critical role in global trade as well as economic growth for the host nation. However, our updated research has continued to confirm that insufficient oversight remains a major enabler of illic
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Trade Development News
- Dec 31, 2020
- 2 min
Mapping TradeTech: Trade in the Fourth Industrial Revolution
Insight Report by World Economic Forum on how TradeTech is fundamental to harnessing the innovations of the Fourth Industrial Revolution to support the public good. Lead Authors: Ziyang Fan & Jimena Sotelo Mapping TradeTech: Trade in the Fourth Industrial Revolution was developed in cooperation with more than 50 global industry experts, policy-makers, academics and civil society leaders. It provides a comprehensive overview of the impact of emerging technologies on the global
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Trade Development News
- Dec 29, 2020
- 3 min
Top five trends in FDI to look out for in 2021
Foreign direct investment has been hard hit in 2020, with levels plummeting by 40–50%. Investment Monitor has identified five key trends to keep an eye on in 2021. 1. FDI will continue to struggle in 2021 The UN Conference on Trade and Development (UNCTAD) stated in June 2020 that it is expecting FDI volumes to decline by 5–10% in 2021. Investment will be highly dependent on Covid-19 recovery. The news in December 2020 of new nodes of the virus has dampened hopes that progres
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Trade Development News
- Nov 3, 2020
- 1 min
UNESCAP Asia-Pacific Business Forum 2020 - all plenary sessions & break out sessions
Congratulations to the team at UNESCAP for the recent online edition of the Asia Pacific Business Forum 2020. For those of you who may have missed the program we are pleased to share the video link. For the full online recordings visit: https://apbf.unescap.org/about #trade #fdi #business #asia #valuechain #supplychain #sme #asean #asiapacific #globaltrade
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Trade Development News
- Sep 18, 2020
- 2 min
BCG: The $10 Trillion Case for Open Trade
By Pedro Anaya, Natalie Blyth, Ravi Hanspal, Michael McAdoo, Sukand Ramachandran, Krishnan Ramadurai, and Sophie Schram For the past few years, in many parts of the world, a protectionist mindset has been challenging the continuing trend of globalization. This mindset, if it spreads further, could endanger the many benefits of more open international trade—which include allowing multinational supply chains to become more flexible and versatile, giving consumers throughout the
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Trade Development News
- Sep 17, 2020
- 2 min
World Bank: Lessons from Ethiopia and Vietnam - How COVID-19 is transforming global value chains?
Global value chains (GVCs) have powered economic transformation by enabling developing countries to specialize and catalyze growth and job creation. But COVID-19 poses unprecedented challenges to global value chains by disrupting both the supply of goods and also the demand for them. How has the coronavirus pandemic affected firms in developing countries that are engaged in global value chains? How are firms adapting to the new normal? What is the role for policy? “This perfe
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Trade Development News
- Sep 11, 2020
- 3 min
How Should we Future-Proof our Supply Chains?
When the pandemic dies down, trade will become the biggest threat to global supply chains. This will both drive up prices and make resiliency harder to achieve. Accelerated digitalization and uptake of new technologies can help firms find a balance between supply chain resiliency and efficiency. Seven months into the COVID-19 pandemic, businesses of all kinds are devising ways to protect themselves from future shocks by making their supply chains more resilient. In doing so,
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Trade Development News
- Sep 4, 2020
- 2 min
Preparing for Future Supply Chain Disruptions: Insights from the Field
Organizations across all industries—from automotive, consumer goods, and pharmaceuticals to transportation, electronics, and oil and gas—have felt the disruptive effect of the coronavirus pandemic. Turning the global supply chain on its head, COVID-19’s impact has cut across multiple facets of international trade, including manufacturing, import/export, logistics, compliance, and supply chain management. This disruption has been a wake-up call for organizations worldwide, pro
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Trade Development News
- Sep 2, 2020
- 1 min
DCSA's Thomas Bagge and the quest to digitise container shipping
Former Maersk executive Thomas Bagge has been chief executive and statutory director of Digital Container Shipping Association (DCSA) for nearly 18 months, in an attempt to pull the shipping industry into the 21st century. It is, he says, not an easy quest, but the first fruits of his labour are starting to show. “The container shipping industry is currently not a digitally advanced industry. We are, however, seeing a shift as many companies are thinking about how to change t
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Trade Development News
- Aug 26, 2020
- 3 min
Egypt to establish electronic Single Window system to track goods for 1st time
CAIRO – 25 August 2020: Egypt will establish an electronic system for the first time to track goods until the final release stage, and to deal in customs with goods contracted with a modern e-commerce system, with the possibility of pre-clearance and payment of customs duties before the arrival of the goods, Minister of Finance Mohamed Ma’it commented after the approval of the House of Representatives on the draft customs law on Monday. According to a statement from the Minis
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Trade Development News
- Aug 13, 2020
- 1 min
BUILDING SUPPLY CHAIN RESILIENCE STARTS AT THE BORDER
Interesting article by Dr. Deborah Elms, Asian Trade Centre, Singapore who we must congratulate for being an incredibly busy advocate for trade in the region during lockdown! I have been asked to speak at multiple online events this week alone on the topic of “supply chain resilience.” It’s not just supply chain professionals and business leaders worried about how to ensure that chains can bend, but not break, and handle the current and future crises with ease. Increasingly
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Trade Development News
- Jul 7, 2020
- 2 min
Maersk Acquires Customs Broker KGH
Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services. Maersk since 2016 has sold its oil and gas business and focused on its container and logistics business for customers including Walmart and Nike. It handles about one in five containers shipped by sea worldwide and is seeking to speed up investments in in-la
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Trade Development News
- Jun 29, 2020
- 2 min
Vietnam lures US$6 billion FDI into industrial parks
Nearly US$6 billion in foreign direct investment was poured into Viet Nam’s industrial parks (IPs), processing zones and economic zones (Ezs) in the first half of the year, according to the Ministry of Planning and Investment (MPI). The ministry said Viet Nam attracted 335 FDI projects in the period. The country has welcomed a total of 9,835 with registered capital of $197.8 billion so far. The disbursement capital at IPs and EZs reached 72.3 per cent of the total. Meanwhile,
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Trade Development News
- Jun 25, 2020
- 1 min
Dubai Customs Reaping Rich Dividends on Digital Investments
Digitalisation of trade facilitation is now fundamental and no longer a distant plan -Congratulations to Dubai Customs under the leadership of Ahmed Mahboob Musabih, Director General of Dubai Customs Against All Odds Dubai Customs Transactions Skyrocket in 2020 - The number of customs transactions completed by Dubai Customs skyrocketed 36% in the first five months of 2020 to reach 5.9 million compared to 4.4 million transactions in the corresponding period in 2019. This indic
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Trade Development News
- Jun 24, 2020
- 2 min
10 lessons Customs authorities have learned from COVID-19 - IADB
Over the past few months, Customs authorities in Latin America and the Caribbean have had to work hard and think outside the box in response to the COVID-19 pandemic. Tons of personal protective equipment, including masks, gowns, medical devices, medicines, and disinfectant products, as well as food and other necessities, have passed through these agencies. Those shipments had to be prioritized and dispatched quickly and safely, without neglecting the regular flows of trade.
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Trade Development News
- Jun 24, 2020
- 1 min
APEC: Why Trade is a Critical Response to COVID-19
Interesting insights By Krasna Bobenrieth When COVID-19 first started to garner attention at the beginning of 2020, nobody foresaw the widespread health, economic and social impact it would have. While the world has experienced terrible pandemics before, it’s hard to remember one with such far reaching consequences in our lives, societies and economies, and that affected so many different parts of the world in such a short time. The region has already been experiencing trade
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