Acknowledged the report and update by the Co-Chair from private sector (the PSCG
Chairperson) on the work undertaken by the PSCG to support various WCO initiatives
as well as its work on Value Chain Mapping. Key highlights of her presentation
included defining priorities of the Group for effectively contributing to various WCO
bodies; significance of TPEE – Transparency, Predictability, Efficiency and
Engagement in making supply chain more efficient; Customs-Business partnership to
build trust and respect. She mentioned the ‘Triangle of Influence’ and illustrated how
Government, Business and Customs could influence and support each other and how
this relationship could be leveraged for achieving respective goals. Talking about
Value Chain Mapping, she and other PSCG members representing different business
sectors (consumer electronics, aviation, automotive, retail and food) explained how
this mapping can support Customs in enhancing it’s understanding of the complexity
and diversity of business structures and value chains as well as facilitating Customs
to business cooperation including security risk assessment. She also highlighted the
importance of AEO, Coordinated Border Management (CBM) and Data harmonization
in simplifying complexities of value chains and explored ways forward in terms of
including some of the work on value chains in the appropriate WCO packages/tools