XN000022-1987-08-16 — Page 3

2

SUNDAY, AUGUST 16, 1987

PUBLICATION

OF PROVISIONAL

DECLARATION

FIGURES,

THE

WITH REGARD TO THE

TRADERS TO SPOKESMAN POINTED OUT THAT, AS TWO WEEKS WERE ALLOWED FOR

ONLY ABOUT TWO WEEKS' LODGE TRADE DECLARATIONS, THE GOVERNMENT HAD LEAD TIME FOR COMPLETING THE WORK ON

COMPUTER CHECKING, PRESS RELEASE. "TIME IS DATA PROCESSING, AND COMPILING THE

RATHER TIGHT IN VIEW OF THE VERY CONSIDERABLE VOLUME OF

HE

SAID.

FIGURES TO PUBLISH THE

DATA

INVOLVED,"

ON TIME, THE DEPARTMENT RELIES ON TRADE TRADERS TO BE AS EXACT AND ACCURATE AS POSSIBLE IN COMPLETING DECLARATIONS, IN PARTICULAR, TO PROVIDE SUFFICIENTLY DETAILED DUE REFERENCE COMMODITY DESCRIPTIONS AND ACCURATE COMMODITY CODES BY TO THE HONG KONG IMPORTS AND EXPORTS CLASSIFICATION LIST.

USE

THE IMPORTS AND EXPORTS CLASSIFICATION SYSTEM CURRENTLY IN

REVISION IS BASED ON THE STANDARD INTERNATIONAL TRADE CLASSIFICATION,

ABOUT UNDER THE SITC-BASED SYSTEM, THERE ARE 2 (SITC REV. 2). SIX-DIGIT COMMODITY CODES, EACH OF WHICH REPRESENTS A PARTICULAR OF GOODS.

3,600 TYPE

NEW

A 1988, HONG KONG WILL ADPOT HOWEVER, STARTING JANUARY 1, COMMODITY CLASSIFICATION SYSTEM, THE HONG KONG HARMONIZED COMMODITY DESCRIPTION AND CODING SYSTEM (HK HS).

THE SPOKESMAN EXPLAINED THAT THE NEW SYSTEM WAS BASED ON THE 'HARMONIZED COMMODITY DESCRIPTION AND CODING SYSTEM' OR 'HARMONIZED

TRADE SYSTEM' (115), A NEW MULTI-PURPOSE INTERNATIONAL

CLASSIFICATION SYSTEM DEVELOPED BY THE CUSTOMS CO-OPERATION COUNCIL IN BRUSSELS.

AND

THE HS IIAS BEEN DESIGNED TO SERVE AS A MULTI-PURPOSE NOMENCLATURE TO SUIT THE NEEDS OF BOTH CUSTOMS AND STATISTICAL AUTHORITIES AND ALL THOSE CONCERNED WITH WORLD TRADE. IT HARMONIZES A GREAT VARIETY OF CUSTOMS, STATISTICAL

TRANSPORT NOMENCLATURES USED IN DIFFERENT PARTS OF THE WORLD.

THE SITC PARTICULAR,

AND

THE THE CUSTOMS CO-OPERATION COUNCIL NOMENCLATURE,

TWO MOST WIDELY ADOPTED INTERNATIONAL NOMENCLATURES FOR TRADE STATISTICS AND CUSTOMS TARIFF PURPOSES, HAVE BEEN CONSIDERED IN THE DESIGN OF THE HS.

IN

USA, MOST OF HONG KONG'S MAJOR TRADING PARTNERS, INCLUDING THE

1988. HONG JAPAN AND THE UNITED KINGDOM PLAN TO ADOPT THE HS AS FROM KONG HAS DECIDED

SUIT TO FOLLOW

BECAUSE

OF OF THE IMPORTANCE TERMINOLOGY PROVIDING LOCAL TRADERS WITH A COMMON CUSTOMS

FOR THEIR

EFFECTIVE

OVERSEAS SUPPLIERS AND BUYERS. TRADE MOREOVER, IT WILL FACILITATE COMPARISON OF TRADE STATISTICS AND NEGOTIATION.

COMMUNICATIONS WITH

..

"UNDER THE HIK HS, THERE ARE SOME 5,500 CODES, THE SPOKESMAN ADDED.

EIGHT-DIGIT

/"ON THE

COMMODITY