- Central Board of Indirect Taxes and Customs (CBIC) is organising a meeting of the Regional Heads of Customs Administration of Asia Pacific Region of the World Customs Organisation (WCO) in Kochi,Kerala.
- India is hosting this meeting in its capacity as Vice Chair of the Asia Pacific region for a two-year period from July, 2018 to June,2020.
- The meeting will take stock of the progress being made in carrying forward the programmes and initiatives of WCO to promote,facilitate and secure the cross-border trade in the region and the capacity building and technical assistance required to achieve this goal.
- The World Customs Organization(WCO) established in 1952 as the Customs Co-operation Council(CCC) is an independent inter governmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.
- WCO represents 182 Customs administrations across the globe that collectively process approximately 98% of world trade.The WCO has divided its Membership into six Regions.Each of the six Regions is represented by a regionally elected Vice-Chairperson to the WCO Council.
- WCO offers its members a range of Conventions and other international instruments, as well as technical assistance and training services provided either directly by the Secretariat, or with its participation.
- Further,WCO has also been responsible for administering the World Trade Organization’s agreement on Customs Valuation which provide a system for placing values on imported goods, and the Rules of Origin, which are used to determine the origin of a given commodity
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