The International Convention on the Simplification and Harmonization of Customs Procedures (Revised Kyoto Convention) entered into force in Turkmenistan on May 3, 2021, the country’s State Customs Service announced on Friday.
The Ambassador of Turkmenistan to the Kingdom of Belgium deposited his country’s instrument of ratification of the Revised Kyoto Convention to the Secretary-General of the World Customs Organization (WCO) Kunio Mikuriya on February 3 this yer. Turkmenistan became the 126th contracting party to the Convention.
The Revised Kyoto Convention is the main trade facilitation Customs convention, the key principles of which include the application of simplified customs procedures, the application of modern customs control methods based on the use of a risk management system, close cooperation with the business environment and other stakeholders.
The International Convention on the Simplification and Harmonization of Customs Procedures was founded in Kyoto in 1973.
In September last year, officials of Turkmenistan and the WCO held a virtual working seminar. The WCO Experts shared with participants their knowledge of the Revised Kyoto Convention and with requirements and conditions for joining the convention.