WCO Updates Global Trade Commodity Classification Standards

WCO Updates Global Trade Commodity Classification Standards

The 52nd session resolutions of the Harmonized System Committee have been officially released, including commodity classification rulings and revisions to the Harmonized System Explanatory Notes and the Compendium of Classification Opinions. These updates have significant implications for global import and export businesses. Companies should promptly monitor and adjust their commodity classification strategies to mitigate trade risks. Staying informed about these changes is crucial for maintaining compliance and avoiding potential penalties related to customs duties and trade regulations.

2017 HS Code Revisions Impact Global Trade Practices

2017 HS Code Revisions Impact Global Trade Practices

The World Customs Organization (WCO) implemented its fifth major revision to the Harmonized System (HS) Nomenclature and Coding system in 2017. This revision includes 233 sets of amendments spanning key sectors such as agriculture, chemicals, timber, textiles, base metals, machinery, and transportation. The aim of this revision is to enhance the accuracy and applicability of HS codes, thereby having a profound impact on global trade. These changes are crucial for businesses involved in international trade to ensure compliance and accurate classification of goods.

US Customs Clarifies Import Rules for Smartwatches and Drones

US Customs Clarifies Import Rules for Smartwatches and Drones

The Harmonized System Committee of the World Customs Organization has released its latest commodity classification decisions, clarifying the customs classification standards for high-tech products such as smartwatches and drones. This move helps companies accurately declare import and export goods, reduce trade risks, and promote the improvement of international trade rules. It provides clearer guidelines for customs authorities and businesses alike, ensuring consistent application of tariffs and trade regulations for these rapidly evolving technologies.

Guide to HS Codes for Smooth Customs Clearance

Guide to HS Codes for Smooth Customs Clearance

This article details the core methods for matching HS codes and product names in international express customs clearance. It covers pre-matching preparation, precise matching steps, common errors and avoidance techniques, and special scenario considerations. By accurately describing product names, clarifying destination country HS code rules, collecting key cargo information, and performing cross-validation, you can effectively avoid customs clearance delays, tax errors, and other issues. This helps cross-border e-commerce sellers and foreign trade companies smoothly complete international trade.

Top Crossborder Products to Watch in 2026

Top Crossborder Products to Watch in 2026

Curated selection of trending cross-border e-commerce products for January 2026, covering various categories including logistics & warehousing, home & living, and industrial building materials. This guide helps you seize market opportunities, accurately select products, improve operational efficiency, and achieve business growth. Your powerful tool for success in the cross-border market!

Fast Fashion Platform Expands Diverse Apparel Orders

Fast Fashion Platform Expands Diverse Apparel Orders

Tianfu Supply Chain Platform released multi-category apparel orders on January 29th, including cut piece outsourcing, shirt cut pieces, Douyin trousers, and blouses. The orders cover online/e-commerce and market-sourced quality goods, providing apparel factories with efficient and flexible production solutions. This initiative aims to help factories upgrade their production capacity and improve efficiency. The platform connects apparel orders with suitable manufacturers, streamlining the supply chain and facilitating increased order fulfillment capabilities for participating factories.

Barclays Upgrades ASML to Overweight Targets 1500 on AI Chip Demand

Barclays Upgrades ASML to Overweight Targets 1500 on AI Chip Demand

Barclays upgraded ASML's stock rating to 'Overweight' with a target price increase to €1500, demonstrating confidence in ASML's future development. The analysis highlights ASML's technological advantages, challenges, and opportunities, as well as its leading position in the semiconductor industry. It suggests that ASML is likely to maintain its leading position and generate substantial returns for investors in the future. The upgrade reflects a positive outlook on ASML's prospects and its ability to capitalize on the growing demand for advanced semiconductor manufacturing equipment.

Yinchuan to Host 2025 Dairy Expo Elevating NW Chinas Dairy Sector

Yinchuan to Host 2025 Dairy Expo Elevating NW Chinas Dairy Sector

The 2025 Yinchuan International Dairy Expo & Ningxia Dairy Conference will gather the latest products, technologies, and solutions from the entire dairy industry chain, injecting new vitality into the dairy development of Northwest China and even the whole country. The exhibition will focus on various fields such as dairy cow breeding, hygiene and epidemic prevention, animal nutrition, and smart ranches. It will also provide customized value-added services to help enterprises expand their markets. This is an unmissable industry event for dairy companies, ranchers, and technical experts.

Wcos AI Project Simplifies HS Code Classification for Trade

Wcos AI Project Simplifies HS Code Classification for Trade

The WCO's BACUDA project utilizes AI to recommend HS codes. By learning from historical data, it aims to improve the efficiency of commodity classification, reduce misclassification errors, and facilitate trade. The AI system analyzes product descriptions and characteristics to suggest the most appropriate HS code, streamlining the classification process and potentially lowering the risk of customs delays or penalties. This innovative application of AI promises significant benefits for both customs administrations and businesses involved in international trade.

WCO Promotes Green Customs for Sustainable Textile Trade

WCO Promotes Green Customs for Sustainable Textile Trade

A WCO seminar explored leveraging the Harmonized System (HS) to identify environmentally friendly textiles at borders, promoting textile sustainability. The meeting focused on value chain transparency, industry practices, technological innovation, and standardization. It aimed to provide insights for building a greener HS system and supporting the global textile industry's transformation. Discussions centered on how HS codes can be better utilized to classify and track sustainable textiles, fostering a more environmentally responsible and transparent global textile trade.