Customs Fundamentalsen
World Customs Organization (WCO)
Intergovernmental organization based in Brussels which develops international customs standards (HS, SAFE Framework, Kyoto Convention).
World Customs Organization (WCO / WCO)
The WCO (World Customs Organization — WCO) is the authoritative intergovernmental organization on customs matters. Based in Brussels, it has 185 members representing 98% of world trade.
Key instruments developed by the WCO
- Harmonized System (HS): international nomenclature for classification of goods, basis of all customs tariffs
- Revised Kyoto Convention (RKC): international convention on the simplification and harmonization of customs procedures
- SAFE standards framework: framework for securing and facilitating global trade, including the AEO concept
- WCO data model: data standard for customs electronic exchanges
Role
The WCO develops international customs standards, provides technical assistance to developing countries, manages the updating of the HS and facilitates cooperation between customs administrations.
Importance for professionals
WCO instruments constitute the bedrock of global customs law. The HS Explanatory Notes, Classification Notices and WCO recommendations are essential references for international trade specialists.