80th Session of Policy Commission Meeting of World Customs Organisation held in Mumbai
The 80th Session of Policy Commission of World Customs Organization (WCO) was held Mumbai, capital of Maharashtra. It is being organized by WCO and hosted by Central Board of Indirect Taxes and Customs (CBIC), under Union Finance Minister.WCO, having the membership of more than 180 countries, is the only global organization which defines global standards and procedures for customs clearances at the border and their implementation. It was established in 1952 as the Customs Co-operation Council (CCC) and is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations. India is a member of the WCO since 1971 and has been participating actively in its various activities. It is a part of the Asia Pacific region having 33 countries, one of 6 regions. From 1st July this year, India has taken over as the Vice-Chair of the Asia Pacific region for two years.
- Secretary-General, WCO, other top officials and customs heads from more than 30 countries had participated in this conference for a discussion on various matters related to customs.
- The key discussion was on issues related trade facilitation, controlling illicit financial flow, performance measurement, challenges of small island economies.
- Hosting of Policy Commission session will give global presence and leadership role to India in the area of customs procedures. It will also give a boost to India’s thrust in facilitating trade.