News
17.01.19
India Eyes Joining TIR Customs Convention
India is set to sign the U.N. Customs Convention on the International Transport of Goods under Cover of TIR Carnets, aka TIR Convention, 1975, as it seeks seamless trade connectivity with Southeast...
17.01.17
Laos-Cambodia New Border Crossing Officially Opens
The first international border crossing between Cambodia and Laos opened on January 10, 2017. The new crossing links Nongnokheane in Champassak province, Laos and Trapeang Kriel in Stung Treng prov...
17.01.16
IADA Recommends Ad-Hoc Rate Hikes
The Intra-Asia Discussion Agreement (IADA) has recommended its members to implement rate restorations as below in consideration of increase of operational costs, including especially bunker prices,...
17.01.16
TSA Lines Announce $600 per FEU Rate Hike on March 1
Container shipping lines in the Transpacific Stabilization Agreement (TSA) have recommended $600 per 40-foot container (FEU) rate increases on March 1, 2017. The increases are intended to counter t...
17.01.13
Southern California Ports Contrast on 2016 Box Volumes
The Port of Los Angeles handled 8,856,782 TEUs in 2016, up 8.5 percent from a year earlier marking the busiest year ever for a Western Hemisphere Port. The previous record was set in 2006, when the...
17.01.12
India Extends Single Window Interface to Exports
Following the implementation of the Single Window Interface for Facilitation of Trade (SWIFT) for imports, India's Revenue Department has implemented online-release from Partner Government Agencies...
17.01.10
Public Comment Invited on Revision of Tariffs
The Ministry of Finance (MOF) intends to incorporate antiterrorism measures in fiscal 2017 (April 2017-March 2017) tariff reforms. More specifically, it is considering enhancing the system under wh...
17.01.06
New Global HS Standard Enters into Force
The new version of the Harmonized System (HS) Nomenclature entered into force on January 1, 2017. Developed by the World Customs Organization (WCO) and adopted in 1983, this is the Sixth Edition of...
