Harmonized System

Harmonized System in Global Commerce Policy

In this regard, harmonized system is: formally the Harmonized Commodity Description and Coding System. The entries on trade policy are here. An international nomenclature developed by the World Customs Organization. The entries on trade policy are here. It is arranged in six-digit codes under 97 chapters. The entries on trade policy are here. It allows all participating countries to classify traded goods on a common basis. Beyond the six-digit level, countries are free to introduce national distinctions for tariffs and many other purposes. The Harmonized System’s aims are (a) to achieve international uniformity in the classification of goods for customs purposes; (b) to facilitate the collection, analysis and comparison of world trade statistics; (c) to provide a common international system for coding, describing and classifying goods for commercial purposes; and (d) to provide an updated nomenclature to take account of technological developments and changes in international trade patterns.[1]

Harmonized Systemin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Harmonized System” entry (OAS)

See Also