HS 2028 Revisions Aim to Simplify Green Trade Reduce Plastic Waste

HS 2028 Revisions Aim to Simplify Green Trade Reduce Plastic Waste

The World Customs Organization (WCO) 2028 HS Code update helps governments and businesses tackle plastic pollution challenges through more precise commodity classification. The new codes focus on environmentally friendly plastics, single-use plastic products, and related items. This aims to improve trade transparency, promote a circular economy, and create new green trade opportunities for businesses. By specifically identifying and categorizing these goods, the updated HS Code facilitates better monitoring and regulation of plastic waste streams and encourages the adoption of sustainable practices in international trade.

WCO Explores Global Trade Facilitation Efforts

WCO Explores Global Trade Facilitation Efforts

The World Customs Organization (WCO) Secretariat is a key player in global trade, responsible for strategic planning, technical support, capacity building, and international standard setting. Composed of the Policy and Standards Directorate and the Implementation and Capacity Building Directorate, the Secretariat enhances global trade efficiency by simplifying customs procedures, promoting information technology applications, and strengthening international cooperation. It contributes to building a more open, inclusive, and sustainable global trading system. Its work is vital for facilitating legitimate trade and ensuring a secure and predictable international trade environment.