Customs to berth new harmonised system for classification of goods globally by 2022

The Harmonized System (HS) is a standardized system of names and numbers used to classify traded products globally. The World Customs Organization (WCO) is responsible for maintaining and updating the HS.

In 2019, the WCO announced that it would be introducing a new version of the HS, known as the Harmonized System 2022 (HS 2022). The new system aims to improve the accuracy and efficiency of customs clearance, as well as facilitate international trade.

Some of the key changes and improvements in the HS 2022 include:

  1. New chapters and headings: The HS 2022 introduces new chapters and headings to reflect changes in global trade patterns and the emergence of new products and technologies.
  2. Increased precision: The new system includes more specific and detailed descriptions of goods, which will help to reduce errors and disputes in customs clearance.
  3. Improved classification of goods: The HS 2022 includes new rules and guidelines for classifying goods, which will help to ensure that goods are classified correctly and consistently.
  4. Enhanced digital capabilities: The new system will be designed to be more user-friendly and accessible, with improved digital capabilities and interfaces.
  5. Increased transparency and visibility: The HS 2022 will provide more detailed information on goods and their classification, which will help to increase transparency and visibility in international trade.

The implementation of the HS 2022 is expected to be completed by January 1, 2022, and will apply to all countries that are members of the WCO.

Customs administrations and traders around the world are advised to familiarize themselves with the new system and to take steps to ensure a smooth transition to the HS 2022.

Some of the key benefits of the HS 2022 include:

  1. Improved accuracy and efficiency: The new system will help to reduce errors and disputes in customs clearance, which will improve the accuracy and efficiency of trade operations.
  2. Increased transparency and visibility: The HS 2022 will provide more detailed information on goods and their classification, which will help to increase transparency and visibility in international trade.
  3. Enhanced digital capabilities: The new system will be designed to be more user-friendly and accessible, with improved digital capabilities and interfaces.
  4. Better support for e-commerce: The HS 2022 will provide more detailed information on goods and their classification, which will help to support the growth of e-commerce and online trade.

Overall, the HS 2022 is an important step forward in the development of the Harmonized System, and will help to improve the accuracy, efficiency, and transparency of international trade operations.