CURRENT AFFAIRS

Detailed explanation-1: -The World Customs Organization (WCO) is an intergovernmental organization headquartered in Brussels, Belgium.

Detailed explanation-2: -In recognition of its global membership, the CCC was renamed the World Customs Organization in 1994. Headquarters are in Brussels. Historically, the WCO has led the discussion, development, and implementation of secure customs systems and procedures.

Detailed explanation-3: -The World Customs Organization develops international standards, fosters cooperation and builds capacity to facilitate legitimate trade, to secure a fair revenue collection and to protect society, providing leadership, guidance and support to Customs administrations.

Detailed explanation-4: -WCO 184 Members, three-quarters of which are developing countries, are responsible for managing more than 98% of world trade. They are divided into six regions (see list of regional websites at the end of this page).

Detailed explanation-5: -The World Customs Organization (WCO), established in 1952 as the Customs Co-operation Council (CCC) is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.