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India hosts World Customs Organization RCP meeting of Asia Pacific

India hosts World Customs Organization RCP meeting of Asia Pacific

   Kautilya Academy    20-11-2019

India hosts World Customs Organization RCP meeting of Asia Pacific

India hosts World Customs Organization RCP meeting of Asia Pacific


India hosted the World Customs Organization (WCO) Asia Pacific Regional Contact Points (RCP) that was held for 3 three days on Puducherry. The conference is being held for the fourth time in India. Previously it was held in Jaipur and Cochin.

Highlights

International Organizations like UNCTAD, Global Alliance on Trade Facilitation (GATF) participated in the conference. They presented the best practices that are involved in customs procedures.

The conference also discussed about the key focus areas of the Asia Pacific Region. It includes security, enforcement, facilitation and capacity building.
World Customs Organization

The World Customs Organization is an inter-governmental Organization that is involved in setting up principles and standards especially for cross border procedures and customs.

The headquarters of WCO is located in Brussels.

The Organization has divided the world into 6 regions to make the rules across borders of these regions easier.

India is a member of the organization.

Significance

The Asia Pacific accounts to 37% of the world’s GDP.
Also, the region is important for India as it is trying to increase its trade and investment in the region. India is achieving this through its Act East Policy.
The development of North East Region is also linked with India’s interests in Asia Pacific. India is finding markets in the region for the export of goods from North East.

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