Question

Answer In Details:

• What are the main roles and objectives of the World Customs Organization and how does Canada comply with them?

Answer 1

The main roles and objectives of the World Customs Organization are as follows:

• Promote and facilitate the international trade
• Facilitate the security and harmonization in global trade
• Resolve the global trade conflicts
• Establish fair standards for effective revenue collection in global trade
• Facilitate information exchange among the stakeholders of the global trade
• Enhance the overall performance as well as profile of global customs

Canada tries to comply with all the standards mentioned by the WCO. The country is a staunch propagator of ethical way of doing business and hence, all global businesses in Canada are asked to adhere to the compliances and guidelines stated under the WCO. The Canadian Government shows its inclination to the WCO standards by developing rules and trade restrictions, facilitating the same.