Monday, January 26, 2015

2017 Changes to Tariff Schedule Annouced

The World Customs Organizaton ("WCO") has published the accepted amendments to the Harmonized System ("HS") Nomenclature that will enter into force on 1 January 2017. It includes 233 sets of amendments, divided as follows:
  • agricultural sector 85;
  • chemical sector 45;
  • wood sector 13;
  • textile sector 15;
  • base metal sector 6;
  • machinery sector 25;
  • transport sector 18;
  • other sectors 26.

NOTE: Nearly one-half of the world's population lives at risk of malaria. The HS 2017 amendment aims at detailed information for several categories of products, included impregnated or coated textiles, that are used as antimalarial commodities.

The Harmonized Tariff Schedule of the United States ("HTSUS") is based on the HS. The HTSUS is maintained by the U.S. International Trade Commission.

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