Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, delivered a keynote address at the Global Conference on Cooperation in Enforcement Matters (GCCEM) 2023, where she stressed the importance of making substantial advancements in the realm of customs enforcement. In her address, Sitharaman emphasized the need to distinguish between two critical facets of customs enforcement, focusing on facilitation and prevention. Concerning facilitation, she highlighted the necessity of enhancing the ease of trade and streamlining the movement of goods in international trade. She expounded on the concept of deterrence, a measure that reinforces customs enforcement through vigilance and commitment. The conference is expected to facilitate productive discussions on various aspects of enforcement matters, with the ultimate goal of enhancing customs enforcement at a global level.

Source: Economic Times October 31, 2023 12:31 UTC