Harmonized System

The Harmonized System (HS) is an international system for classifying traded goods. Developed by the World Customs Organization, it uses a standardized coding system to identify products, which helps in reducing tariffs and simplifying global trade. Each item is assigned a unique code that describes its nature and composition, making it easier for customs officials to track and manage imports and exports. This system promotes consistency among countries and facilitates international trade by ensuring that everyone understands what products are being transported across borders.