New HS Codes Aim to Boost Sustainable Fishing Globally

New HS Codes Aim to Boost Sustainable Fishing Globally

This paper explores how the Harmonized System (HS) code can promote the sustainable development of global fisheries. By refining the classification of aquaculture products, establishing specific codes for key traded species, and incorporating CITES species and species with Codex Alimentarius standards into the HS code, making the HS code more 'green', it can better monitor and manage global fisheries trade, thereby achieving sustainable fisheries development. The paper argues that a more detailed and environmentally conscious HS code is crucial for effective fisheries management and conservation.

01/16/2026 HS Code Query
Read More
WCO BRS Partner to Advance Green Trade Via HS Codes

WCO BRS Partner to Advance Green Trade Via HS Codes

The World Customs Organization (WCO) and the Secretariats of the Basel, Rotterdam and Stockholm Conventions (BRS) highlighted their collaboration in addressing environmental and social issues using the Harmonized System (HS) at the BRS COPs in Geneva. The WCO facilitates customs control of goods threatening the environment and human health by introducing HS codes. They shared elements of successful proposals, aiming to strengthen global cooperation and build a sustainable trade future. This partnership demonstrates how the HS can be leveraged for environmental protection and responsible trade practices on a global scale.

01/05/2026 Customs Knowledge
Read More
Ecuador Customs Lab Upgraded With WCO Support

Ecuador Customs Lab Upgraded With WCO Support

The World Customs Organization held a workshop in Ecuador to support the modernization of its customs laboratory and enhance its capabilities in commodity classification, tax collection, and combating smuggling. The meeting focused on topics such as the application of the Harmonized System, analytical methodologies, database applications, and green customs. The workshop highlighted the crucial role of a modern customs laboratory in improving customs clearance efficiency, increasing tax revenue, protecting the environment, and promoting international trade. It underscored the importance of investing in laboratory infrastructure and training for sustainable development.

12/30/2025 Customs Knowledge
Read More
HS Codes Boost Green Trade and Sustainability Efforts

HS Codes Boost Green Trade and Sustainability Efforts

This paper explores the role of the World Customs Organization and its Harmonized System (HS) in the global green trade transition. By analyzing the HS's potential in identifying environmentally friendly products, restricting trade in harmful products, and supporting the development of a circular economy, it elucidates how this international trade tool can be leveraged to promote sustainable material lifecycle management and contribute to the achievement of the United Nations Sustainable Development Goals. The paper highlights the importance of HS codes in fostering green trade practices and achieving sustainability objectives.

01/16/2026 Customs Knowledge
Read More
Tariff Classification Cuts Costs for Businesses

Tariff Classification Cuts Costs for Businesses

Regular reviews of the Harmonized Tariff Schedule (HTS) can lead to significant cost savings for manufacturers. Experts indicate that simple tariff reclassification strategies can effectively reduce corporate tariff expenditures, enhance market competitiveness, and help businesses respond flexibly to the volatile trade environment.

08/05/2025 Customs Knowledge
Read More
Amazon Revamps Inventory Reporting System

Amazon Revamps Inventory Reporting System

Amazon is replacing six existing inventory reports with the new Inventory Ledger. This article provides an in-depth analysis of the new report's structure, types, and data logic. It also offers strategies for finance professionals to adapt to the changes. The goal is to help sellers better manage their inventory, improve operational efficiency, and gain a clearer understanding of their stock levels through enhanced data insights. The new ledger aims to streamline inventory tracking and provide a more comprehensive view of inventory performance.

12/31/2025 Logistics
Read More
WCO Backs Uzbekistans Customs System Upgrade

WCO Backs Uzbekistans Customs System Upgrade

At the request of the State Customs Committee of Uzbekistan, the World Customs Organization (WCO) conducted a diagnostic mission to assess its customs valuation system and propose reforms. The assessment covered legal framework, valuation capacity, risk management, post-clearance audit, information technology application, and cooperation mechanisms. The reform aims to improve trade facilitation in Uzbekistan, attract foreign investment, and promote economic growth. The WCO's recommendations are expected to enhance the efficiency and transparency of customs procedures, ultimately contributing to a more favorable business environment.

01/05/2026 Customs Knowledge
Read More
Botswana Implements Advanced Customs Preruling System

Botswana Implements Advanced Customs Preruling System

Botswana is actively advancing its advance ruling system to align with international standards and optimize its trade environment. Through self-assessment and international cooperation, Botswana is committed to improving its laws and regulations, strengthening capacity building, and streamlining processes. This aims to provide businesses with clearer and more reliable trade guidance, reduce trade risks, improve customs clearance efficiency, embrace trade facilitation, and enhance international competitiveness. The initiative is expected to significantly benefit businesses operating in Botswana and contribute to the country's economic growth.

01/05/2026 Customs Knowledge
Read More
Flexports UK System Boosts Customs Efficiency

Flexports UK System Boosts Customs Efficiency

Inventory Linking refers to the connection between UK ports and airports with the customs system, representing HMRC's handling of cargo declarations and other matters. It enhances customs efficiency, reduces operational costs, and improves supply chain transparency through automation and real-time data. Opting for ports and airports with inventory linking capabilities can provide import and export businesses with faster and more convenient customs clearance services. This streamlined process contributes to a more efficient and competitive international trade environment.

01/05/2026 Logistics Encyclopedia
Read More