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World Customs Organization: Harmonized System improvements ‘highly desirable’

January 30, 2024 at 10:58 AM
The World Customs Organization has reaffirmed the Harmonized System as the optimal trade classification method in a new study of the system’s health that suggests it be simplified to boost efficiency and warns it could be challenged by rapid technological advancements and global efforts to confront climate change. “While the HS works,” the Jan. 18 WCO report states, “improvements in the HS would be both highly desirable and beneficial to Customs and other users.” The WCO, an intergovernmental organization dedicated...

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