Q. The “SAFE framework” is often seen in news related to?

[A] World Customs Organization

[B] World Trade Organization

[C] World Bank

[D] UNCTAD

Answer: A
Notes:

Explanation: In June 2005 the WCO Council adopted the SAFE Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework) that would act as a deterrent to international terrorism, to secure revenue collections and to promote trade facilitation worldwide.

  • In 2007, the WCO’s flagship Customs-Business partnership programme – the Authorized Economic Operators (AEO) Programme – was introduced.
  • The SAFE Framework has emerged as the global Customs community’s concerted response to threats to supply chain security, equally supporting facilitation of legitimate and secure businesses.
  • It prescribes baseline standards that have been tested and are working well around the globe.
  • This unique international instrument aims to usher in a safer world trade regime and heralds a new approach to working methods and partnership for Customs and business towards a common goal based on trust.

Source: https://www.wcoomd.org/en/topics/facilitation/instrument-and-tools/frameworks-of-standards/safe_package.aspx

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