HS Committee Clarifies Global Trade Commodity Classifications

HS Committee Clarifies Global Trade Commodity Classifications

The 50th session of the World Customs Organization's HS Committee adopted a series of commodity classification decisions, revising the Explanatory Notes and the Compendium of Classification Opinions. These revisions aim to harmonize global commodity classification standards and facilitate international trade. Businesses should pay close attention to HS code changes to ensure accurate commodity classification and reduce trade risks. Staying informed about these updates is crucial for compliance and smooth international transactions.

12/30/2025 HS Code Query
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Nigeria Tops African Stock Markets Amid Divergent July Growth

Nigeria Tops African Stock Markets Amid Divergent July Growth

African stock markets showed mixed performance in July. The Nigerian stock market led the gains with a 16.56% increase, while the South African stock market rose by 2.28%, although Rand depreciation may pose challenges. Mauritius and Kenya also recorded growth. Investors should pay attention to the economic differences between countries and make cautious decisions.

07/31/2025 Exchange Rate Query
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Datadriven HS Code Strategies Boost Crossborder Ecommerce Efficiency

Datadriven HS Code Strategies Boost Crossborder Ecommerce Efficiency

This article, from a data analyst's perspective, deeply analyzes the customs classification logic, declaration key points, and common omissions of HS codes in cross-border e-commerce, emphasizing the importance of accurate three-dimensional matching of 'attribute + function + status'. Through data-driven optimization strategies, it helps enterprises establish a complete commodity technical document archive, reduce operating costs, improve customs clearance efficiency, and achieve cost reduction and efficiency improvement.

12/31/2025 HS Code Query
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