What is the role of the World Customs Organization (WCO) in international trade?

The role of the World Customs Organization (WCO) in international trade is to ensure that trading is conducted in an equitable, secure, and efficient manner. This is done by providing standards, tools, and services to help customs administrations around the world to facilitate the flow of goods. The WCO also helps governments to ensure that international trade in goods is compliant with their customs laws. The WCO issues recommendations and standards to promote international trade; establishes a common Customs jargon and terminology; provides education and training opportunities; and encourages research and development to improve customs practices. Furthermore, it works to strengthen international cooperation between customs administrations, and to develop the capacity of customs administrations in dealing with international trade. In Delaware, the WCO works with the US Customs and Border Protection to facilitate international trade. It assists with the implementation of the US-Mexican border security and trade agreement, as well as with the introduction of the new automated Electronic Export Information (EEI) system. The WCO also helps ensure the security of imports and exports by helping customs administrations to develop and implement security and trade measures. In addition, the WCO helps to promote a harmonized Customs environment across borders, which is beneficial for businesses and consumers. This can include technical assistance, information exchange programs, and mutual assistance agreements. All of this helps to ensure that goods are moving between jurisdictions quickly and securely. Ultimately, the WCO plays an essential role in the international trade of Delaware and around the world.

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What is the role of the World Customs Organization (WCO) in international trade?

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