WORLD CUSTOMS ORGANIZATION Flashcards

1
Q

THE 7 WORKING BODIES IN WCO [HINT: CP, FT, PEC]

A
  1. COUNCIL
  2. POLICY COMMISSION
  3. FINANCE COMMISSION
  4. TARIFF AND TRADE AFFAIRS
  5. PROCEDURES AND FACILITATION
  6. ENFORCEMENT AND COMPLIANCE
  7. CAPACITY BUILDING
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2
Q

VOICE OF INTERNATIONAL CUSTOMS COMMUNITY

A

WORLD CUSTOMS ORGANIZATION

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3
Q

WHEN WAS WCO ESTABLISHED?

A

1952

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4
Q

‘WCO’ IS ALSO OFFICIALY KNOWN AS? [HINT: CCC]

A

CUSTOMS CO-OPERATION COUNCIL

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5
Q

WCO/ CCC HAS ____ CUSTOMS ADMINISTRATION MEMBERS

A

182 (98% OF WORLD TRADE)

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6
Q

WCO/ CCC HEADQUARTERS IS IN [HINT: B,B]

A

BRUSSELS, BELGIUM

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7
Q

VISION OR OBJECTIVE: “enhance efficiency and effectiveness of members of customs administration”

A

OBJECTIVES

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8
Q

VISION OR OBJECTIVE: “global center of customs expertise”

A

VISION

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9
Q

VISION OR OBJECTIVE: “global center of customs expertise”

A

VISION

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10
Q

GATT stands for:

A

General Agreement on Tariffs and Trade

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11
Q

In 1947, these were represented in the Committee for European Economic Co-operation to set up a Study Group.

A

13 European Governments

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12
Q

In 1948, the Study Group set up to committees namely: [Hint: EC and CC]

A

Economic Committee and Customs Committee

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13
Q

The predecessor of OECD

A

Economic Committee

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14
Q

This became CCC

A

Customs Committee

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15
Q

OECD stands for:

A

Organization for Economic Co-operation and Development

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16
Q

When did CCC come into force?

A

1952

17
Q

When was the Session of the Council that was held in Brussels?

A

26 January 1953

18
Q

When was the working name “WCO” adopted?

A

1994

19
Q

The 2 operations of WCO?

A
  1. provide forum where delegates could tackle issues on equal footing
  2. each member has one representative and one vote
20
Q

A working bodies in WCO that is considered as the HIGHEST BODY

A

Council

20
Q

A working bodies in WCO that is considered as the HIGHEST BODY

A

Council

21
Q

This working body in WCO is composed of Director- General of Customs

A

Council

22
Q

The Council is assisted by which 2 committee?

A
  1. Finance Committee
  2. Policy Commission
23
Q

Finance Committee has ___ members; Policy Commission has __ members

A

17- Finance Committee
24- Policy Commission

24
Q

This acts as a dynamic steering group to the Council

A

Policy Commission

25
Q

acts under the overall direction of the WCO Council

A

Finance Committee

26
Q

7 Committees under Tariff and Trade Affairs [Hint: HH, SH, TTF]

A
  1. Harmonized System Committee
  2. Harmonized System Review Sub- Committee
  3. Scientific Sub- Committee
  4. Harmonized System Working Party
  5. Technical Committee on Rules of Origin
  6. Technical Committee on Customs Valuation
  7. Focus Group on Transfer Pricing
27
Q

This deals with securing and facilitating legitimate global supply chains

A

Procedures and Facilitations

28
Q

Enforcement and Compliance consists of: {7}

A
  1. Enforcement Committee
  2. Working Group on Commercial Fraud
  3. Global Information and Intelligence Strategy Project Group
  4. Customs Enforcement Network Management
  5. WCO Counterfeiting and Piracy Group
  6. Electronic Crime Expert Group
  7. Global RILO Meetings
29
Q

Capacity Building consists of:

A
  1. Capacity Building Committee
  2. Integrity Sub- Committee
30
Q

What is the objective of WCO?

A

-ensure uniform interpretation of Nomenclature