SME Times News Bureau | 06 Dec, 2018
The Ministry of Finance on Wednesday said that the menace of illicit
financial flows, including trade-based money laundering and ways to
control them were the issues discussed during the 80th Session of World
Customs Organisation (WCO).
Delegates discussed the importance of
measuring performance of various procedures related to cross-border
clearance and methodologies to be adopted.
different global tools to measure performance including the World Bank's
Ease of Doing Business ranking, it was debated that there must be a
performance measure tool for the customs in WCO, which would enable the
Customs Administrations to measure their performance on different areas
related to clearance of goods.
WCO Secretary General Kunio
Mikuriya along with other top officials of WCO and customs delegations
from more than 30 countries took part in discussions.
issues covered during the three-day session included those related to
Small Island Economies and how to bring them in the mainstream of the
supply chain and Free Trade Zones.