Harmonized System

(redirected from Harmonized Commodity Description and Coding System)
Also found in: Acronyms.

Harmonized System

A nomenclature system for goods and services that countries import and export. The Harmonized System assigns numeric codes to goods and services. Participating countries are required to use this code when describing their tariff schedules. Nearly all international trade occurs under the Harmonized System. It was developed by the World Customs Organization.
References in periodicals archive ?
The Harmonized System is the universal nomenclature for international trade, and we highly value the great efforts of our employees towards advancing customs work and efficiently implementing the WCO's Harmonized Commodity Description and Coding System," said Ahmed Mahboob Musabih, director of Dubai Customs.
Last year, this magazine issued a market profile on handmade carpets, in which we highlighted a major problem for exporters and trade promotion officials: with few exceptions, artisanal products are not included in the main international system for trade statistics, the Harmonized Commodity Description and Coding System (HS).
The main goals of the working visit were to study recruitment system and training of customs officers of Kyrgyzstan,to assess current situation on introduction of the Harmonized Commodity Description and Coding System (HS), and training of employees in the goods classification sector.

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