THE ROLE OF THE WORLD CUSTOMS ORGANIZATION IN THEDEVELOPMENT OF WORLD TRADE

Abstract

This article analyzes the institutional role and significance of the World Customs Organization (WCO) in shaping global trade dynamics. It examines the WCO's development of international customs standards,mechanisms for trade facilitation, and contributions to customs modernization and digitalization. The study highlights the organization's efforts in balancing trade facilitation with security, fostering international cooperation, and supporting capacity building-especially in developing countries. The findings demonstrate the WCO's critical function in promoting uniform customs procedures, reducing trade costs, and enhancing the efficiency and security of international trade systems.