Harmonized System (HS) classification has evolved from a back-office compliance task into a strategic business function. Used by over 200 countries, the HS classification codes play a critical role in international trade – they determine duties and taxes, influence eligibility for trade agreements, and trigger regulatory requirements.
With the next major update to the Harmonized System scheduled for 2028, many businesses will see significant impact to how they trade goods. To help navigate the change, we brought together a panel of experts from both regulatory and business perspectives to discuss the upcoming amendment and how organisations can prepare.
Source: Original Article
