World Customs Organisation (WCO)

  • The World Customs Organization (WCO) is an intergovernmental organization
  • HQ: Brussels, Belgium
  • It has 182 member nations (including India) that manage more than 98% of world trade.
  • Its aim is to enhance effectiveness and efficiency of Customs administrations.
  • It was established in 1952 as Customs Co-operation Council (CCC).
  • It is the only international organization with competence in Customs matters and is considered as voice of international Customs community.
  • It plays leading role in discussion, development, promotion and implementation of modern customs systems and procedures.
  • 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

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