CBIC organises meeting of WCO Asia Pacific Region in Kochi | Current Affairs, Current Affairs 2019

CBIC organises meeting of WCO Asia Pacific Region in Kochi

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Central Board of Indirect Taxes and Custom (CBIC) is organizing a meeting of Regional Heads of Customs Administration of Asia Pacific Region of the World Customs Organization (WCO) in Kochi (in Kerala) from 8th to 10th May 2019.

India is currently holding the seat of Vice Chairperson of Asia Pacific region that it assumed on 1st July, 2018 is hosting this meeting in this capacity for a two-year period.

It will take into account the stock of progress being made in carrying forward the programmes and initiatives of WCO, in promoting, securing and facilitating the cross border trade in the Asia Pacific region and the capacity for buiding and technical assistance required to achieve this goal.

Chairperson Pranab Kumar Das of CBIC will chair the meeting.

Customs delegations from over 20 countries of Asia Pacific region and senior officials of WCO along with its regional bodies namely the Regional Intelligence Liaoning Office (RILO) and Regional Office for Capacity Building (ROCB) are participating.

The main focus of the meeting emphasises on the implementation of trade facilitation measures,cross-border e-commerce transaction,performance measurement, building capacity of small island economies in Asia Pacific Region,trusted trader programmes, and on-going review of Revised Kyoto Convention (RKC)

World Cutom Organisation (WCO) was established in 1952 as Customs Co-operaion Council (CCC) and in 1994 it adopted its current name.It’s headquarters is in Brussels (Belgium).It is an independent intergovernmental body, Which helps to magnify the effectiveness and efficiency of Customs administrations and the only governmental organization which solely focuses on Customs matters.One of its important function is to streamline cross border procedures and enhance security of global trade.
‘WCO Council’is its governing body which brings together all the Members of its organisation once every year.

The organisation’s main function is to to maintain international Harmonized System (HS, also known as Harmonized Commodity Description and Coding System) of tariff nomenclature,and to administer technical aspects of World Trade Organization (WTO) Agreements on Customs Valuation and Rules of Origin.

It represents 182 Customs administrations globally (which collectively undergoes about 98% of world trade). Its membership is divided into 6 regions. Each of these six Regions is represented by regionally elected Vice-Chairperson to WCO’s Council. India holds Vice Chair of Asia Pacific region of WCO for a 2 year period.

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