WCO Releases Updated Time Release Study Guide
The World Customs Organization released its updated Time Release Study (TRS) guide, the WCO said in a news release. "The WCO Time Release Study is a strategic and internationally recognized tool to measure the actual time required for the release…
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and/or clearance of goods, from the time of arrival until the physical release of cargo, with a view to finding bottlenecks in the trade flow process and taking necessary measures to improve the effectiveness and efficiency of border procedures," the WCO said. "The updated version of the WCO TRS Guide, known as the 'Guide to Measure the Time required for the Release of Goods (Version 3)' incorporates a number of key features/elements. It brings forward new dynamics and opportunities for Customs Administrations to work in a collaborative manner with other relevant government agencies and trade stakeholders in the arena of performance measurement."