Recent EU legislative and policy initiatives aim to offer flexible, innovation-friendly, future-proof regulatory frameworks. Key examples are the Coordinated Plan on AI recently published Regulation Proposal which refer importance of experimenting with sandboxes so as balance innovation in against its potential risks. Originally developed Fintech sector, create a testbed for selected number inn...

Customs reform in the 21st century for developing countries will principally be the redefinition of public and private sector roles. As customs moves from physical control to documentary compliance, the private sector can and will play a larger role in customs administration. The widespread use of Pre-Shipment Inspection (PSI) and Mexico’s innovative privatized second inspection illustrate thes...

For several years, international organisations including the Organisation for Economic Co-operation and Development (OECD), the World Bank, the World Customs Organization (WCO), the World Trade Organisation (WTO) and the European Union, have considered and provided recommendations on the use of information and communication technology (ICT) to enhance trade facilitation and to improve the proce...

International e-Customs is going through a standardization process. Driven by the need to increase control in the trade process to address security challenges stemming from threats of terrorists, diseases, and counterfeit products, and to lower the administrative burdens on traders to stay competitive, national customs and regional economic organizations are seeking to establish a standardized ...

In the International trade of the commodities, the rate of customs duties and other local duties are determined on the basis of World Customs Organization (WCO) approved HS classification that is followed in most of the countries. Since the classification is based on a number of rules that are subjected to different interpretation, disputes may arise between the customs department and the impor...

Millions of shipping containers filled with goods move around the world every day. Before such a container may enter a trade bloc, the customs agency of the goods’ destination country must ensure that it does not contain illegal or mislabeled goods. Due to the high volume of containers, customs agencies make a selection of containers to audit through a risk analysis procedure. Customs agencies ...