In a news release published on October 28, 2016 the World Customs Organization (WCO) announced the release of the 2017 edition of the Harmonized System (HS) Nomenclature. The HS is utilized by over 200 countries and entities for the classifying of goods for international trade.

According to the announcement, “The 2017 Edition of the HS Nomenclature includes 242 sets of amendments (including some complementary amendments): 85 relating to the agricultural sector; 45 to the chemical sector; 22 to the wood sector; 15 to the textile sector; 6 to the base metal sector; 25 to the machinery sector; 18 to the transport sector and an additional 26 that apply to a variety of other sectors.”

The 2017 Edition of the HS Nomenclature will go into effect on January 1, 2017.

The notice and link to the updates can be accessed here

We value your feedback. Please fill out this three question survey regarding NewsFlash here