World Customs Organization at Business Glossary

What is it? The WCO is an international organization whose function is the facilitation of trade between member states through the simplification and standardization of customs practices. The WCO was established in 1952 as the Customs Co-operation Council. This name was then changed in 1994 to the World Customs Organization. Today WCO provides regulations and standards to 169 Customs administrations worldwide.

Business Dictionary Term Definition Added By: Kennedy

Send To Friends!

If you'd like to send the World Customs Organization definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of World Customs Organization. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Business Terms:

Business Term Drug discovery is Identification of new drug targets and leads for treatments or preventions either by identifying molecules with desired biological effects or by screening agents using an indicator system to show efficacy.

Business Term Application type is Broad category of grant application, noted as the first digit on an application identification number.

Business Term Date Draft is A draft which matures a specified number of days after the date it is issued.

Business Term Business case is A structured proposal for business process improvement that functions as a decision package for enterprise leadership. A business case includes an analysis of business process needs or problems, proposed solution, assumptions and constraints, alternatives, life cycle costs, benefits/cost analysis, and investment risk analysis. Within DoD, a business case is called a Functional Economic Analysis (FEA).

Business Term Free port is An area such as a port city into which merchandise may legally be moved without payment of duties.