The Customs Revenue Package launched by the World Customs Organization aims to help countries address the decline in fiscal revenue caused by the global financial crisis. It focuses on enhancing the transparency of customs valuation and transfer pricing to promote fairness and efficiency in international taxation.
At the Fourth United Nations Conference on Financing for Development, the World Customs Organization highlighted the pivotal role of customs as a bridge in international development. It promotes legitimate trade, safeguards public safety, and advances the achievement of sustainable development goals. The organization called for strengthened collaboration between governments and the private sector to address the challenges posed by globalization.
The World Customs Organization (WCO) recently assisted Angola Customs in enhancing its customs valuation capabilities. By assessing infrastructure needs, providing recommendations on risk management and post-clearance audit, and conducting customs valuation workshops, the WCO helped Angola Customs improve revenue collection efficiency, promote compliant trade, and strengthen customs valuation oversight of multinational corporations. This assistance demonstrates the importance of international cooperation in improving customs administration.
The World Customs Organization (WCO) actively responds to World Environment Day, emphasizing the importance of biodiversity conservation. Customs play a crucial role in sustainable development by combating environmental crimes such as illegal wildlife trade, timber trade, hazardous waste shipments, and IUU fishing. The WCO supports its member customs in addressing environmental challenges through capacity building, intelligence networks, and international cooperation, contributing to the protection of our planet.
The article discusses the non-binding recommendations of the World Customs Organization (WCO) regarding the Harmonized System (HS) for customs coordination. It emphasizes the important role these recommendations play in promoting international trade and investment, urging customs authorities in various countries to adopt them to enhance policy consistency and effectiveness.
The World Customs Organization (WCO) held a multi-regional workshop in Nigeria, focusing on the critical role of customs in disaster relief. The meeting highlighted the importance of customs in facilitating trade, ensuring supply chain continuity, and collaborating with various stakeholders to provide rapid assistance. The aim was to enhance the emergency preparedness and response capabilities of customs administrations.
The World Customs Organization (WCO) and the Organization for the Advancement of Structured Information Standards (OASIS) signed a Memorandum of Understanding to promote the adoption of technical standards by governments and the public sector worldwide, particularly in customs. This collaboration aims to streamline customs procedures and enhance trade efficiency using open IT technologies, ultimately building a secure and efficient supply chain. This signifies the dawn of a new era in trade driven by technical standards, fostering greater interoperability and transparency in global commerce.
This article explores a series of tools and frameworks introduced by the World Customs Organization to assist developing countries in enhancing customs capacity building. It emphasizes the importance of standardized diagnostics, data analysis capabilities, and performance measurement, aiming to facilitate the security and ease of international trade.
The 63rd meeting of the World Customs Organization (WCO) Data Model Project Team was successfully held, focusing on the progress of WCO Data Model V4, data maintenance request processing, and supporting the International Maritime Organization (IMO) new dataset. The meeting utilized the WCO Data Model application for the first time, improving data maintenance efficiency. The launch of WCO Data Model V4 will further enhance the standardization of customs data exchange and promote global trade facilitation.
With the support of the World Customs Organization (WCO), Seychelles Customs successfully developed and implemented a customized digital training strategy. By introducing blended learning models and e-learning platforms, the professional skills of customs officers and their ability to address modern customs challenges have been effectively enhanced, injecting strong momentum into customs modernization. This case provides valuable lessons for other developing countries, showcasing a practical approach to leveraging digital tools for capacity building and improving customs operations.
