World Customs Organisation 10/05/2019 – Posted in: Press Information Bureau – Tags: indian customs, Indirect taxes, world customs organisation
Asia Pacific Region of the World Customs Organisation
(Ministry of Finance)
WHAT
Central Board of Indirect Taxes and Customs (CBIC) is organising a meeting of the Regional Heads of Customs Administration of Asia Pacific Region of the World Customs Organisation (WCO) in Kochi from 08th to 10th May, 2019.
India is hosting this meeting in its capacity as Vice Chair of the Asia Pacific region that it assumed on 1st July, 2018 for a two-year period.
This meeting is being chaired by Mr. Pranab Kumar Das, Chairman, CBIC. Reflecting the importance of the meeting, Customs delegations from more than twenty countries of the Asia Pacific region are participating, along with senior officials of the WCO and its regional bodies, i.e. Regional Office for Capacity Building (ROCB) and Regional Intelligence Liaoning Office (RILO).
Trade Day was organised on 7th May, 2019.
WHY
Initiatives of World Customs Organisation to promote, facilitate and secure the cross-border trade in the region and the capacity building.
STRATEGIC PRINCIPLES
- Greater communication and connectivity within the region
- Harness technology advancements
- Inclusive approach
- Consensus on core issues
KEY FOCUS AREA
- Implementation of trade facilitation measures
- Cross-border e-commerce transactions
- Building capacity of small island economies
- On-going review of the Revised Kyoto Convention
- Security related issues
- E-commerce
- Performance measurement
WORLD CUSTOMS ORGANISATION
- The World Customs Organization (WCO) is an intergovernmental organization headquartered in Brussels, Belgium.
- The WCO is noted for its work in areas covering the development of international conventions, instruments, and tools on topics such as commodity classification, valuation, rules of origin, collection of customs revenue, supply chain security, international trade facilitation, customs enforcement activities, combating counterfeiting in support of Intellectual Property Rights (IPR), drugs enforcement, illegal weapons trading, integrity promotion, and delivering sustainable capacity building to assist with customs reforms and modernization.
- 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.
Source: PIB
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