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WCO Issues 2019 Edition of AEO Compendium
August 12, 2019 |World Customs Organization

The newest version of the World Customs Organization Authorized Economic Operator (AEO) compendium includes six new AEO programs, the WCO said in a news release. The document summarizes each AEO program, "comprising information on accreditation criteria, procedures and expected benefits, as well as associated [Mutual Recognition Agreements]." There now are 83 AEO programs, as well as 74 bilateral and four plurilateral mutual recognition agreements, the WCO said. Also new to the guide is information on existing Customs Mutual Assistance Agreements, the WCO said.

Topics:Exports to China, Russia export controls and sanctions
WCO Releases Updated Time Release Study Guide
August 7, 2019 |World Customs Organization

The World Customs Organization released its updated Time Release Study (TRS) guide, the WCO said in a news release. "The WCO Time Release Study is a strategic and internationally recognized tool to measure the actual time required for the release and/or clearance of goods, from the time of arrival until the physical release of cargo, with a view to finding bottlenecks in the trade flow process and taking necessary measures to improve the effectiveness and efficiency of border procedures," the WCO said. "The updated version of the WCO TRS Guide, known as the 'Guide to Measure the Time required for the Release of Goods (Version 3)' incorporates a number of key features/elements. It brings forward new dynamics and opportunities for Customs Administrations to work in a collaborative manner with other relevant government agencies and trade stakeholders in the arena of performance measurement."

CBP Releases Agenda for 64th Session of WCO HSC
August 7, 2019 |World Customs Organization

CBP issued a notice in the Aug. 7 Customs Bulletin (Vol. 52, No. 27) regarding the dates and draft agenda for the 64th Session of the World Customs Organization’s Harmonized System Committee (HSC), which will meet in Brussels Sept. 18-27. Among other things, the HSC issues classification decisions on the interpretation of the Harmonized System (HS) in the form of published tariff classification opinions or amendments to the Explanatory Notes. It also considers amendments to the legal text of the HS.