The International Use Of Harmonized Commodity Coding System

The use of import taxes and tariffs is crucial to the sustainability of the global trade economy. The tool for the determination of a tariff is the Harmonized Commodity Coding System (HS). The HS has become one of the most widely used systems of international trade law. The HS has become a uniform system that enables a single standard. The World Customs Organization oversees the Harmonized Coding System.

The following questions have been addressed in this article:

What are the goals of the HS systems?
How does the HS system work?
Why isn’t the HS amended more often to reflect the current needs of international trading?


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