WTO Flashcards
What is the World Customs Organization (WCO)?
The World Customs Organization (WCO) is an independent intergovernmental organization dedicated to international customs matters, focusing on revenue, supply chain security, trade facilitation, and customs enforcement.
Where is the headquarters of the WCO located?
The headquarters of the WCO is located in Brussels, Belgium.
What is the official name of the WCO?
The official name of the WCO is the Customs Co-operation Council.
How many Customs administrations are members of the WCO?
The WCO has worldwide membership of 182 Customs administrations.
What is the primary objective of the WCO?
The primary objective of the WCO is to enhance the efficiency and effectiveness of member customs administrations to assist in national development goals.
What are the main functions of the WCO?
The main functions of the WCO include studying customs cooperation questions, examining technical and economic aspects of customs systems, preparing draft Conventions, and making recommendations for uniform interpretation of conventions.
When was the WCO established?
The WCO was established in 1952 as the Customs Co-operation Council.
What does the WCO maintain?
The WCO maintains the Harmonized Commodity Description and Coding System (HS).
What is the purpose of the WCO regarding Customs Tariffs?
To perform functions assigned in Conventions related to the valuation of goods for customs purposes.
What role does the WCO play in dispute settlement?
It makes recommendations in a conciliatory capacity for the settlement of disputes concerning the interpretation or application of the Conventions.
How does the WCO ensure information circulation?
It ensures the circulation of information regarding customs regulations and procedures.
What kind of advice does the WCO provide to Governments?
On its own initiative or on request, it furnishes interested Governments with information or advice on customs matters.
How does the WCO cooperate with other organizations?
It cooperates with other intergovernmental organizations regarding matters within its competence.
How does the WCO fulfill its mandate?
By establishing, maintaining, supporting, and promoting international instruments for the harmonization and uniform application of customs systems.
What is one way the WCO reinforces its Members’ efforts?
By maximizing the level and effectiveness of Members’ cooperation to combat customs offenses.
How does the WCO assist its Members in modern challenges?
It helps them adapt to changing circumstances, promoting communication and cooperation among Members and with other organizations.
What does the WCO do for human resource development?
It fosters human resource development and improves management and working methods of customs administration.
What is unique about the WCO?
It is the only international organization dealing exclusively with customs matters.
How does the WCO operate in terms of representation?
Each member has one representative and is entitled to one vote.
What are the different working bodies in the WCO?
The Council, Finance Committee, and Policy Commission.
What is the role of the Council in the WCO?
It is the highest body composed of Directors-General of Customs from all members, aiming for harmony in Customs systems.
How often does the Council meet?
The Council meets once a year.