International Convention on the Harmonized Commodity Description and Coding System

E229272

The International Convention on the Harmonized Commodity Description and Coding System is a World Customs Organization treaty that establishes the globally standardized classification system used for international trade in goods.

All labels observed (1)

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Statements (47)

Predicate Object
instanceOf World Customs Organization convention
international treaty
multilateral treaty
administeredBy World Customs Organization
appliesTo physical goods traded across borders
basisFor Combined Nomenclature of the European Union
international comparison of trade data
many national customs tariff schedules
benefit improves transparency in international trade
reduces complexity in classifying goods for customs purposes
supports automation of customs procedures
category customs law
international economic law
trade facilitation instrument
classificationSystemType numerical commodity classification system
defines general rules for the interpretation of the Harmonized System
obligations of contracting parties regarding HS implementation
structure of the Harmonized System nomenclature
establishes Harmonized Commodity Description and Coding System
Harmonized Commodity Description and Coding System
surface form: Harmonized System
field customs
international trade
tariff classification
governingBody WCO Council
surface form: World Customs Organization Council
hasComponent Explanatory Notes to the Harmonized System
surface form: Harmonized System Explanatory Notes

Harmonized System classification opinions
implementedBy national customs administrations
language English
French
legalStatus binding on its contracting parties
monitoredBy Harmonized System Committee
surface form: World Customs Organization Harmonized System Committee
providesFor periodic review and amendment of the Harmonized System
purpose to create a standardized system for classifying traded goods
to facilitate international trade
to harmonize customs tariffs and trade statistics
relatedTo World Trade Organization agreements
customs valuation practices
requires contracting parties to base their customs tariffs on the Harmonized System nomenclature
contracting parties to use HS headings and subheadings without modification at a certain level
scope classification of goods in international trade
shortName HS Convention
structureOfSystem organized into sections, chapters, headings and subheadings
usedFor customs tariffs
monitoring of controlled goods
rules of origin
trade negotiations
trade statistics

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Harmonized System Committee legalBasis International Convention on the Harmonized Commodity Description and Coding System
Harmonized System Committee establishedBy International Convention on the Harmonized Commodity Description and Coding System
HSC basedOnTreaty International Convention on the Harmonized Commodity Description and Coding System
subject surface form: Harmonized System Committee
HS Committee legalBasis International Convention on the Harmonized Commodity Description and Coding System