WCO releases final draft security standards framework

WCO releases final draft security standards framework    The World Customs Organization has released the final version of its Framework of Standards to Secure and Facilitate Global Trade.
   The WCO said that after extensive consultations between the organization, its member states and the industry resulted in a framework with 17 agreed standards.
   “The framework represents the WCO’s collective efforts to secure the global trade supply chain in response to growing threats by international terrorists, organized criminals, commercial fraudsters, and others of similar ilk,” the Brussels-based organization said in a May 13 statement.
   “While the framework is intended to provide a structured platform for the implementation of trade security measures, it also offers the business community the chance to commit to its principles and in turn reap a number of trade facilitation benefits,” the WCO said.
   A copy of the final draft version of the WCO framework is available online at https://www.wcoomd.org.