The World Trade Organization (WTO) and the World Customs Organization (WCO) have signed a Memorandum of Understanding (MoU) to enhance cooperation on trade and customs matters. This agreement aims to identify opportunities for collaboration on customs-related topics and coordinate participation in external forums.
Under the MoU, both organizations will work together to deliver technical assistance and capacity building in areas of mutual interest. This includes implementing grants provided through the Trade Facilitation Agreement Facility to support members in executing the WTO's Trade Facilitation Agreement.
Additionally, the WTO and WCO will share information on common interests and cooperate on challenges related to data analytics. They will focus on developing the Harmonized System (HS) tracker and tariff classification, aligning work on HS transposition, and promptly sharing HS amendments by the WCO's HS Committee. Collaboration will also extend to combating illicit trade, particularly concerning intellectual property rights enforcement.
WTO Director-General Ngozi Okonjo-Iweala emphasized the importance of this MoU, stating: “The increasing complexity and volume of international trade makes this MoU particularly timely.” She highlighted that both organizations share an interest in effectively implementing customs-related rules across various areas. The MoU is expected to deepen cooperation between the WTO and WCO, ensuring trade contributes more effectively to economic cooperation and security.
WCO Secretary General Saunders expressed optimism about the partnership, saying: “This MoU moves us closer to realizing the goal of the WCO’s theme this year, Customs delivering on its commitment to efficiency, security and prosperity.” He anticipates that joint efforts will lead to more efficient trade, greater security, and shared prosperity.
The WTO focuses on global trade rules among nations with agreements ratified by member countries' parliaments. Its goal is smooth, predictable, and free-flowing trade that raises living standards while promoting sustainable development.
As a global center for customs expertise, the WCO develops international standards for legitimate trade facilitation. It represents 186 customs administrations worldwide that handle approximately 98% of world trade.