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.
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