WORLD CUSTOMS ORGANIZATION Flashcards
THE 7 WORKING BODIES IN WCO [HINT: CP, FT, PEC]
- COUNCIL
- POLICY COMMISSION
- FINANCE COMMISSION
- TARIFF AND TRADE AFFAIRS
- PROCEDURES AND FACILITATION
- ENFORCEMENT AND COMPLIANCE
- CAPACITY BUILDING
VOICE OF INTERNATIONAL CUSTOMS COMMUNITY
WORLD CUSTOMS ORGANIZATION
WHEN WAS WCO ESTABLISHED?
1952
‘WCO’ IS ALSO OFFICIALY KNOWN AS? [HINT: CCC]
CUSTOMS CO-OPERATION COUNCIL
WCO/ CCC HAS ____ CUSTOMS ADMINISTRATION MEMBERS
182 (98% OF WORLD TRADE)
WCO/ CCC HEADQUARTERS IS IN [HINT: B,B]
BRUSSELS, BELGIUM
VISION OR OBJECTIVE: “enhance efficiency and effectiveness of members of customs administration”
OBJECTIVES
VISION OR OBJECTIVE: “global center of customs expertise”
VISION
VISION OR OBJECTIVE: “global center of customs expertise”
VISION
GATT stands for:
General Agreement on Tariffs and Trade
In 1947, these were represented in the Committee for European Economic Co-operation to set up a Study Group.
13 European Governments
In 1948, the Study Group set up to committees namely: [Hint: EC and CC]
Economic Committee and Customs Committee
The predecessor of OECD
Economic Committee
This became CCC
Customs Committee
OECD stands for:
Organization for Economic Co-operation and Development
When did CCC come into force?
1952
When was the Session of the Council that was held in Brussels?
26 January 1953
When was the working name “WCO” adopted?
1994
The 2 operations of WCO?
- provide forum where delegates could tackle issues on equal footing
- each member has one representative and one vote
A working bodies in WCO that is considered as the HIGHEST BODY
Council
A working bodies in WCO that is considered as the HIGHEST BODY
Council
This working body in WCO is composed of Director- General of Customs
Council
The Council is assisted by which 2 committee?
- Finance Committee
- Policy Commission
Finance Committee has ___ members; Policy Commission has __ members
17- Finance Committee
24- Policy Commission
This acts as a dynamic steering group to the Council
Policy Commission
acts under the overall direction of the WCO Council
Finance Committee
7 Committees under Tariff and Trade Affairs [Hint: HH, SH, TTF]
- Harmonized System Committee
- Harmonized System Review Sub- Committee
- Scientific Sub- Committee
- Harmonized System Working Party
- Technical Committee on Rules of Origin
- Technical Committee on Customs Valuation
- Focus Group on Transfer Pricing
This deals with securing and facilitating legitimate global supply chains
Procedures and Facilitations
Enforcement and Compliance consists of: {7}
- Enforcement Committee
- Working Group on Commercial Fraud
- Global Information and Intelligence Strategy Project Group
- Customs Enforcement Network Management
- WCO Counterfeiting and Piracy Group
- Electronic Crime Expert Group
- Global RILO Meetings
Capacity Building consists of:
- Capacity Building Committee
- Integrity Sub- Committee
What is the objective of WCO?
-ensure uniform interpretation of Nomenclature
