Intergovernmental Organizations: World Customs Organisation (WCO)

  • Headquarters: Brussels, Belgium.
  • Members: It has 182 member nations (including India) that manage more than 98% of world trade.
  • Aim: Its aim is to enhance the effectiveness and efficiency of Customs administrations.
  • Formation: It was established in 1952 as the Customs Co-operation Council (CCC).
  • It is the only international organization with competence in Customs matters and is considered the voice of the international Customs community.
  • It plays a leading role in discussion, development, promotion and implementation of modern customs systems and procedures.
  • The WCO maintains the international Harmonized System (HS) goods nomenclature, and administers the technical aspects of the World Trade Organization (WTO) Agreements on Customs Valuation and Rules of Origin
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