Glossary of terms
- WCO - World Customs Organization
- Formerly referred to as GATT (General Agreement on Tariffs & Trade), the WCO administers a multilateral trade agreement designed to liberalize and, to a great extent, harmonize trade around the world by incrementally reducing tariff barriers and standardizing customs practices. The WCO also acts as an impartial judiciary body for the resolution and settlement of international trade disputes.
