United Kingdom-Anguilla-British Overseas Territory: Technical Assistance Report-Modernization of the Customs Legislative Framework

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2023 Issue 242

Publication date: June 2023

ISBN: 9798400247958

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , Public Finance , International - Economics , GATT Customs valuation , modernization program , customs Act , draft Customs Act , Modernizing customs legislation , customs formality , Customs administration core functions , Customs procedures , Authorized economic operator , Caribbean

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Summary

The authorities in Anguilla sought technical assistance from CARTAC to conduct a comprehensive review if its customs legislation. It is recognized that the existing legal framework for customs is outdated and does not have the requisite foundation to support the modernization of Customs. The customs and Ministry of Finance have requested that the primary legislation be replaced by a completely new customs act based on the CARICOM model legislation for customs and, where appropriate to the context of Anguilla, also incorporates the provisions of the WTO TFA and WCO SAFE Framework.