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.









