Designing a new methodology for customs risk models
Effective risk management is a prerequisite to find an acceptable balance between the objectives of a customs operation and the streamlined flow of goods. The customs operations in many developing countries are characterised by high levels of physical inspections, with resulting disruption of trade flows, but with little positive impact for the regional economy. Most developed economies have moved towards customs risk management models based on the analysis of rich datasets that can be used to accurately determine the risk represented by a cargo consignment without physically stopping it.