2022 Updates To The Harmonized System (HS) And Harmonized Tariff Schedule (HTS)
Source: Cryoport Systems
By Donna Thresher, Director of Global Regulatory Trade and Compliance, Cryoport Systems
Every five years the World Customs Organization (WCO) conducts a general review of the Harmonized Commodity Description and Coding System (Harmonized System or HS- refer to Appendix A). The WCO is an international body made up of representatives from 183 customs administrations around the world. These reviews are designed to keep the HS current with new technology, visibility into product streams and emerging global issues.
This piece reviews HS 2022 and the new modifications and classifications.
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