Unveiling the World Customs Organization: Shaping the Global Trade Landscape

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The World Customs Organization (WCO) is an intergovernmental organization that was established in 1952 to harmonize and facilitate international trade. Its main role is to develop and maintain international customs standards and best practices. These standards cover various areas such as customs valuation, classification of goods, origin determination, and customs procedures. The WCO also provides training, technical assistance, and guidance to customs administrations to enhance their capabilities and adopt best practices, particularly in developing countries. Additionally, the organization promotes the use of modern technologies in customs operations, such as the WCO Data Model, which facilitates electronic exchange of customs data. The WCO also focuses on enhancing security in the global supply chain through initiatives like the SAFE Framework of Standards. It actively promotes trade facilitation measures to simplify customs procedures and reduce time and cost of doing business. The organization collaborates with other international organizations, such as the World Trade Organization, to ensure coherence and coordination in the global trade landscape. Overall, the WCO plays a vital role in shaping the global customs landscape by creating an efficient, secure, and transparent international trade environment.
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00:25 The World Customs Organization (WCO)
01:09 The WCO provides training, technical assistance
01:34 The WCO promotes the use of modern technologies in customs operations