New UN Tool Targets Global Plastic Waste by 2028

New UN Tool Targets Global Plastic Waste by 2028

To more effectively manage the growing global plastic waste pollution problem, the World Customs Organization (WCO) will implement a new version of the Harmonized System (HS) in 2028. This revision introduces more specific subheadings for plastic waste, providing customs authorities and businesses worldwide with more precise tools for regulation and compliance. This enhancement aims to better implement the requirements of the Basel Convention, combat illegal plastic waste trafficking, and ultimately protect the global environment. The refined HS codes will enable improved monitoring and control of plastic waste movement across borders.

Guide to HS Codes for Efficient International Shipping

Guide to HS Codes for Efficient International Shipping

This article provides a detailed guide to filling out HS codes for international express shipments. It covers pre-filling preparation, regulatory requirements, common pitfalls, and error correction methods. It emphasizes using official channels to find the correct code, focusing on the core attributes of the goods for classification, accurately completing commercial invoices and waybills, avoiding blanket codes, ensuring code consistency with declaration information, handling special goods specifically, and promptly correcting errors. This helps avoid potential issues, improve customs clearance efficiency, and ensure smooth global shipping.

New HS 2028 Codes Target Plastic Waste for Trade Compliance

New HS 2028 Codes Target Plastic Waste for Trade Compliance

HS 2028 refines HS codes for plastic waste to more accurately identify waste regulated under the Basel Convention. This aims to support customs enforcement and corporate compliance, jointly addressing the global plastic pollution challenge and building a new order for green trade. By providing more specific classifications, HS 2028 facilitates better tracking and management of plastic waste, contributing to the effective implementation of international environmental agreements and promoting sustainable trade practices.

Comptia Calls for Global Digital Trade System Overhaul

Comptia Calls for Global Digital Trade System Overhaul

CompTIA urges the World Customs Organization (WCO) to optimize the Harmonized System (HS) to adapt to the rapidly evolving business landscape. Recommendations include revisiting valuation criteria, shortening review cycles, increasing private sector involvement, and providing explanatory notes free of charge. These suggestions aim to facilitate the digital transformation of global trade by ensuring the HS accurately reflects modern goods and services. Updating the HS is crucial for efficient customs procedures and smooth international commerce in the digital age.

Key Trade Policies Set at 60th HS Committee Meeting

Key Trade Policies Set at 60th HS Committee Meeting

The World Customs Organization has updated its commodity classification, including 21 new opinions, 18 revised explanatory notes, and 45 classification rulings. Businesses need to understand and master these changes to ensure compliant trade. Failure to properly classify goods can lead to delays, fines, and other penalties. Staying informed about HS code updates is crucial for accurate declarations and smooth customs clearance. This update emphasizes the importance of ongoing training and diligence in commodity classification practices.

HS Codes Boost Circular Economy Through Trade Harmonization

HS Codes Boost Circular Economy Through Trade Harmonization

A WCO seminar explored optimizing HS codes to more accurately reflect the life cycle of materials like plastics, metals, and wood. The aim is to support environmentally sustainable trade and the circular economy. Discussions focused on how refined HS classifications can better track and manage resources throughout their lifespan, promoting reuse, recycling, and reduced waste. This initiative aligns with global efforts to foster a more sustainable and resource-efficient global trading system and facilitate the implementation of green customs practices.

HS Codes Boost Green Transition in Textile Industry

HS Codes Boost Green Transition in Textile Industry

The World Customs Organization (WCO) held a seminar exploring how the Harmonized System (HS) can support the green transition of the textile industry. Participants emphasized the importance of value chain transparency, industry sustainability strategies, circular economy standardization, and technological innovation. Discussions focused on the role of the HS in identifying environmentally friendly textiles, aiming to foster a greener global trade system. The seminar highlighted the potential of HS codes to promote sustainable practices and contribute to a more environmentally responsible textile sector worldwide.

Global Trade Classification System Nears Upgrade Under HS Review

Global Trade Classification System Nears Upgrade Under HS Review

The World Customs Organization (WCO) released an interim report on its exploratory study for the Strategic Review of the Harmonized System (HS). The report reaffirms the HS's role as a cornerstone of global trade classification while highlighting areas for improvement. It explores strategies to enhance the HS's usability, expand its functionality to address emerging trade needs, and encourages active participation from all stakeholders in shaping the future of the HS. The review aims to ensure the HS remains relevant and effective in facilitating international trade.

HS Committee Reviews Global Trade Classifications in 59th Meeting

HS Committee Reviews Global Trade Classifications in 59th Meeting

The 59th session of the World Customs Organization's Harmonized System Committee (HSC) significantly impacts global commodity classification. This article provides an in-depth analysis of the classification opinions, amendments to the Harmonized System Explanatory Notes, and specific commodity classification rulings adopted during the meeting. Using concrete examples, it elucidates the classification logic and offers enterprises strategies to navigate these changes and mitigate trade risks. Understanding these updates is crucial for accurate declarations and avoiding potential penalties in international trade.

WCO Updates Commodity Classifications in Major HS Committee Session

WCO Updates Commodity Classifications in Major HS Committee Session

The 58th Session Decisions of the WCO Harmonized System Committee have been released, encompassing 14 new commodity classification opinions, 10 revisions to the Harmonized System Explanatory Notes, and 27 commodity classification rulings. These decisions cover a wide range of goods including chili seeds, chocolate stew, cough drops, candy dispensers, ceramic ink, Hall elements, tube bundle containers, balance scooters, floating structures, fracture fixation products, and virtual reality sets. This provides significant guidance on commodity classification for global trade participants.