The harmonized coding system introduced by the World Customs Organization is a distinct nomenclature that allows distinguishing various types of products based on their characteristics. Considering the remarkable diversity of trade goods and the complications that could arise if each nation applied its unique classification, HS becomes a valuable tool in the resolution of these problems. As such, it serves as an internationally accepted nomenclature that simplifies the processes of product identification.
HS is most commonly used for determining customs tariffs, as well as taxation, transportation, and control procedures for goods. The majority of the world countries are currently implementing this system, thus contributing to the harmonization and efficiency of international trade.