WTO Launches
New Online Tool to Help Users Navigate Changes in Product Nomenclatures
The WTO on 7 October launched a new online tool for keeping
track of changes in the Harmonized Commodity Description and Coding System (HS),
the system used for the classification of traded goods. The HS Tracker, developed
with the support of the World Customs Organization (WCO), is also aimed at helping
customs officials and traders prepare for HS amendments that will enter into force
on 1 January 2022.
The HS Tracker brings together relevant information and documents relating
to revisions to HS product nomenclatures, often resulting from changes in manufacturing
processes and technological advancements, or developments in environmental and social
issues. Since the creation of the HS in 1988 as a standardized language for classifying
products, WCO contracting parties have introduced and adopted seven official amendments
with HS 2022 as the latest version.
The HS plays a key role in world trade as it is used in customs
tariffs, trade statistics, and trade negotiations, among others. The system is intended
to assist trade officials, statisticians, lawyers, researchers, and businesses.
In the new tool, the “Subheading Visualizer” displays how
a specific HS code has changed across different versions of the HS, with an explanation
from the WCO on why the changes were undertaken. “HS at a Glance” provides a broad
overview of the HS amendments by consolidating the different versions of the HS
in a single combined structure. The filters and search functions make it possible
to browse multiple HS nomenclatures simultaneously for a particular set of codes
and determine whether they were affected by a specific amendment to the HS.