What is Harmonized System Committee?
The purpose and scope of the HS Committee is to : interpret the HS legal texts in the most appropriate manner to secure uniform classification of goods, including settlement of classification disputes between CPs, thus facilitating trade (uniform interpretation and application);
Who are the members of the HS Committee?
The Chairman, physician or nurse and the secretary shall be permanent members of the committee. In Joint Committee, the term of Office of the Chairman and the Members shall be one (1) year.
Is WCO part of WTO?
The World Trade Organization (WTO) and the World Customs Organization (WCO) are significant players in international trade matters. The WTO is located in Geneva, Switzerland and has 161 member countries while the WCO is located in Brussels, Belgium and has 180 member countries. The WTO was established in 1995.
How many members does WCO have?
WCO 183 Members, three-quarters of which are developing countries, are responsible for managing more than 98% of world trade. They are divided into six regions (see list of regional websites at the end of this page).
Is China part of the WCO?
World Customs Organization Hong Kong, China belongs to the WCO Asia Pacific Region (Opens a new window) . All along, the Department actively participates in the WCO activities and regional events, and was elected to represent the Asia Pacific Region in the WCO Policy Commission between 2011 and 2014.
What is the purpose of Harmonized System?
The Harmonized System is a standardized numerical method of classifying traded products. It is used by customs authorities around the world to identify products when assessing duties and taxes and for gathering statistics. The HS is administrated by the World Customs Organization (WCO) and is updated every five years.
What is the purpose of harmonized system of nomenclature?
The Harmonized System Convention entered into force on 1 January 1988. The objectives of the HS Convention are, by harmonizing the description, classification and coding of goods in international trade, to facilitate international trade and the collection, comparison and analysis of statistics.
What is the role of WHS committee?
A health and safety committee is a useful forum for consultation on work health and safety issues. A committee enables persons in control of a business or undertaking and worker representatives to meet regularly and work co-operatively to develop policies and procedures to improve work health and safety outcomes.
When did India join WCO?
India became the vice chair of Asia Pacific region of the World Customs Organisation (WCO) on July 16, 2018, for a period of two years from July, 2018 to June, 2020. The theme of the inaugural ceremony is “Customs – Fostering Trade Facilitation”.
What is the difference between WTO and WTC?
What is the difference between the WTO and the WTCA? The World Trade Organization (WTO) is located in Geneva, Switzerland. It is the only international organization that deals with the global regulations of trade between nations. A World Trade Center is an apolitical organization that can be located in any country.
Who is the Secretary General of WCO?
Dr. Kunio Mikuriya
On 8 September 2021, the WCO Secretary General, Dr. Kunio Mikuriya, gave a special online lecture to Customs officers who benefited from a scholarship under the Japan-WCO Scholarship Programme.
What is the main function of WCO?
The WCO promotes certainty, predictability and security of the international movement of goods and people accompanying goods by establishing clear and precise standards, e.g. the WCO SAFE Framework of Standards to Secure and Facilitate Global Trade.
How does the WCO manage the Harmonized System?
The WCO manages this process through the Harmonized System Committee (representing the Contracting Parties to the HS Convention), which examines policy matters, takes decisions on classification questions, settles disputes and prepares amendments to the Explanatory Notes.
How does the Harmonized System convention work?
The WCO manages this process through the Harmonized System Committee (representing the Contracting Parties to the HS Convention), which examines policy matters, takes decisions on classification questions, settles disputes and prepares amendments to the Explanatory Notes. The HS Committee also prepares amendments updating the HS every 5 – 6 years.
What is the WCO’s policy on the HS?
The maintenance of the HS is a WCO priority. This activity includes measures to secure uniform interpretation of the HS and its periodic updating in light of developments in technology and changes in trade patterns.
What is the Harmonized System (HS)?
What is the Harmonized System (HS)? The Harmonized Commodity Description and Coding System generally referred to as “Harmonized System” or simply “HS” is a multipurpose international product nomenclature developed by the World Customs Organization (WCO).