Rendering
The headline of the article I have read is “The Harmonized System – where are we now?” It was published in the WCO news, dating from June, 2006.
The main idea of the article is that the Harmonized System requires constant changes in its structure in consideration of changes in technology and international trade.
The author starts by telling the reader about the Harmonized System which is an international tariff nomenclature. It was completed in 1984, but it was not signed by any countries.
Further the author says that the Harmonized System was one of the most successful instruments established in the WCO and it is one of the Organization’s cornerstones. System is constantly improving and processed so that it must be relevant in the light of changes in technology or the structure of international trade. This has achieved by amendments to the Nomenclature, which came into force in 1992, 1996, 2002 and 2007. The bulk of the work of implementing the 2007 version falls on the Contracting Parties. Each administration has to change its tariff and statistical systems, which in many countries involves a legislative process.
The author comes to the conclusion that the only use of the Harmonized System can be guaranteed, which is the key to fair competition and predictability of economic transactions in international trade.
I found an article is important because it is the basis of Harmonized System customs legislation of most countries. Its continuous improvement according to technological development and international trade makes international transportation more convenient and faster. To achieve these goals it is necessary to coordinate efforts by governments of all countries.
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