New Global Harmonized System Standard Enters into Force


World Customs Organization 2017-01-03

The new version of the Harmonized System (HS) Nomenclature entered into force on 1 January 2017.  Developed by the World Customs Organization (WCO) and adopted in 1983, this is the Sixth Edition of this global standard, used by over 200 countries and Economic or Customs Unions (including the 154 Contracting Parties to the HS Convention) for classifying goods in international trade. 

"Given the vital role this instrument plays in facilitating trade and in ensuring connectivity between trade actors, I would urge its speedy implementation by Customs and by the public and private sectors worldwide", said WCO Secretary General Kunio Mikuriya. 

The 2017 edition of the HS Nomenclature includes 5,386 six-digit subheadings (compared to 5,205 in the 2012 edition). 

Read Full Article on World Customs Organization »


Read More Trade News Read Older News