KARACHI: The World Customs Organization (WCO) is dedicating 2015 to Coordinated Border Management (CBM) under the slogan ‘Coordinated Border Management – An inclusive approach for connecting stakeholders’.
WCO members will have the opportunity to promote the enhanced coordination practices and mechanism that they have implemented within their administrations and with other Customs administrations and other government agencies as well as economic operators involved in cross border trade.
The term Coordinated Border Management (CBM) refers to a coordinated approach by border control agencies, both at the national and international level, in the context of seeking greater efficiencies over managing trade and travel flows, while maintaining a balance with compliance requirements.
CBM can result in more effective service delivery, less duplication, cost-savings through economies of scale, enhanced risk management with fewer but better targeted interventions, cheaper transport costs, less waiting times, lower infrastructure improvement costs, more wider sharing of information and intelligence, and strengthened connections among all border stakeholders.