In this article, UPSC aspirants can read about the World Customs Organisation (WCO).
World Customs Organisation
The role of the World Customs Organisation (WCO) is multifaceted.
- To improve the effectiveness and efficiency of member customs administration.
- Help member customs administration in revenue collection, national security, trade facilitation, community protection, and collection of trade statistics.
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World Customs Organisation (WCO) was established on January 26, 1952. It has 182 customs administration as its members. These member customs administrations collectively process approximately 98% of the world trade. WCO was formerly called as Customs Co-operation Council (CCC).
Is India a Member of WCO?
Yes, India is a member. Moreover, India was appointed as the Vice-Chair (Regional Head) of the Asia Pacific Region for a period of 2 years from 2018 to 2020. WCO is divided into 6 regions. Each region is represented by an elected Vice-Chairperson to the WCO Council.
What is the World Customs Organisation (WCO) SAFE Framework?
WCO adopted SAFE framework in 2005. It is a standard to secure and facilitate global trade. The objective of this framework is to
- Act as a deterrent to international terrorism.
- Secure revenue collections.
- Promote trade facilitation worldwide.
- To nullify the threats to supply chain security.
Where is the Headquarters of the World Customs Organisation (WCO)?
WCO headquarters is located in Brussels, Belgium.
The above details would help candidates prepare for UPSC 2021.
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