The WCO is fundamental to the development of international standards and the promotion of their implementation in order to facilitate legal trade, secure fair revenue collection and protect society, which subsequently converts into economic prosperity.
The WCO must conduct its activities with the aim of ensuring that Customs administrations, as its main stakeholders, benefit from the development and updating of international standards, and promote the adoption of those standards in the interests of more secure, legitimate trade and fair revenue collection. The promotion and use of WCO key Packages, namely the Economic Competitiveness Package (ECP), the Revenue Package (RP), the Compliance and Enforcement Package (CEP), and the Organizational Development Package (ODP), will be crucial with regard to the development, update and implementation of international standards.
The WCO will develop and update instruments and tools to unlock the significant potential of modernizing Customs procedures through the implementation of IT solutions, moving towards efficient Customs procedures as those that promote the facilitation of legitimate trade through an effective risk management strategy. These tools form part of the Economic Competitiveness Package (ECP).
The principles laid down in the Revised Kyoto Convention (RKC) are recognized as forming the core of the ECP and as the basis of all modern Customs procedures. The ECP comprises the RKC, the RKC Toolkit and relevant tools.
ECP Toolkit and WTO Trade Facilitation Toolkit
The ECP Toolkit and the Trade Facilitation Toolkit show how the existing WCO tools fully support the implementation of all Customs-related measures in the WTO TFA. Members are encouraged to promote and implement the RKC and the ECP as the major implementation tools for trade facilitation and also in support of the implementation of the WTO TFA.