XN000022-1987-11-09 — Page 12

MONDAY, NOVEMBER 9, 1987

11

ADVICE ON CODING FOR IMPORTERS, EXPORTERS

AND

ΤΟ

ATTENTION IMPORTERS AND EXPORTERS WILL HAVE TO PAY SPECIAL THE CODING OF GOODS AS THEY COMPLETE IMPORT

EXPORT DECLARATIONS HONG KONG

ΤΟ SWITCHES

A IN JANUARY NEXT YEAR WHEN

NEW COMMODITY DESCRIPTION CLASSIFICATION SYSTEM, THE HONG KONG HARMONIZED COMMODITY AND CODING SYSTEM (HK HS).

NEW THE

SYSTEM, WHICH WILL REPLACE THE PRESENT STANDARD IS BASED ON INTERNATIONAL TRADE CLASSIFICATION (SITC), REVISION

SYSTEM"

THE

DESCRIPTION AND CODING "HARMONIZED COMMODITY DEVELOPED BY THE CUSTOMS CO-OPERATION COUNCIL IN BRUSSELS.

(HS)

AS THE

HAS BEEN DESIGNED ΤΟ PROVIDE A MULTI-PURPOSE

SUIT THE NEEDS NOMENCLATURE THAT CAN

OF CUSTOMS AND STATISTICAL AUTHORITIES ROUND THE WORLD AS WELL AS ALL THOSE CONCERNED WITH TRADE.

"HARMONIZES" IT

A VARIETY OF

STATISTICAL CUSTOMS, DIFFERENT PARTS OF THE WORLD. TRANSPORT NOMENCLATURES USED IN

CO-OPERATION

SITC AND

AND

THE CUSTOMS

CUSTOMS TARIFF

WORLD

PURPOSES,

AND IN COUNCIL NOMENCLATURES

HAVE

BEEN

PARTICULAR, THE NOMENCLATURE, THE TWO MOST WIDELY ADOPTED INTERNATIONAL FOR TRADE CONSIDERED IN THE DESIGN OF THE US.

STATISTICS

THE

"AT PRESENT, DIFFERENT

WOULD

COUNTRIES MAY

CLASSIFY A PARTICULAR

ADOPTING

TYPE OF GOODS UNDER DIFFERENT NAMES, MAKING IT DIFFICULT FOR INTERNATIONAL COMPARISONS. THE HS WILL ENSURE THAT COUNTRIES

CLASSIFY THE HA

ΤΟ PRODUCTS RY

THE REFERENCE

SAME IT MUCH KASTER TO CLASSIFICATION AND CODING SYSTEM. THIS WILL MAKE

A PRODUCTS,"

SPOKESMAN FOR ANALYSE AND MONITOR TRADE IN PARTICULAR THE CENSUS AND STATISTICS DEPARTMENT SAID.

"THE

OF THE HS

WILL HELP

REDUCE

GOODS

ARE

TRANSPORTED

COMPARISON

IN UNCERTAINTY

OF THE

ADOPTION INTERNATIONAL EXPENSES INCURRED IN REDESCRIBING, RE-CLASSIFYING AND RECORDING

VARIOUS CLASSIFICATION SYSTEMS UNDER

WHEN GOODS

COUNTRIES. 1 'T BETWEEN

WILL ALSO

THE FACILITATE

INTERNATIONAL

STATISTICS TRADE

AND REDUCE NEGOTIATION AND INTERPRETATION OF TRADE AGREEMENTS.

THE SPOKESMAN POINTED OUT THAT MOST MAJOR TRADING COUNTRIES AND JAPAN ARE HONG KONG, INCLUDING THE REC

THE TARGET IMPLEMENTATION DATE SET ADOPT THE HS WITH 1988. THE UNITED STATES ALSO PLANS TO ADOPT THE HS TO RATIFICATION BY THE U.A. CONGRESS.

LOCAL

IN

PARTNERS OF PREPARED

то 1.

ON JANUARY

1988, SUBJECT

A

WITH SUIT,

WITH TRADERS "AS IT IS IMPORTANT TO PROVIDE CUSTOMS TERMINOLOGY FOR THEIR EFFECTIVE COMMUNICATIONS

HONG KONG HAS DECIDED TO FOLLOW SUPPLIERS AND BUYERS. + THE HS AFTER SUITABLE ADAPTATION TO SUIT LOCAL NEEDS.

COMMON

OVERSEAS

ADOPTING

+

/"TO PREPARE