| The harmonized system, or as it is more formally | | | | $100. Commodities from the same chapter (same |
| known, the harmonized commodity description and | | | | 2-digit HS chapter) can have differing tariffs |
| coding system, is an international classification system | | | | depending on its country of origin or its value. |
| designed to facilitate the collection of trade statistics | | | | Consider the importation of guitars to the United |
| as well as to assist in the collection of tariffs and | | | | States. Acoustic guitars (HS 9202.90.20 00) at a value |
| customs duties. For decades, individual nations used | | | | of less than $100 excluding the cost of the case (HS |
| their own systems for classifying goods and services. | | | | code, 4202.92.50 00 for cases not made of leather or |
| Without a universal standard, it was difficult or | | | | plastic) have a tariff of 4.5 percent for most |
| impossible to categorize correctly merchandise for | | | | countries. If the guitars originate in Mexico or Canada |
| collecting tariffs, customs duties, or for reporting | | | | as part of the NAFTA agreement, they enter free |
| purposes. To resolve this problem, the World | | | | of tariffs. If the guitar is more than $100, the HS |
| Customs Organization (WCO) developed the | | | | Code is 9202.90.40 00 and the guitars have a tariff |
| harmonized system. In this system, the WCO | | | | of 8.7 percent (again, zero for NAFTA countries). |
| describes all products through a standardized six-digit | | | | Electric guitars (HS code 9207.90.00) regardless of |
| harmonized system (HS) code. The six-digit number | | | | price enter the United States from non-NAFTA |
| classifies goods by chapter, heading, and subheading. | | | | countries at a tariff of 5 percent. |
| The United States and other developed countries | | | | The subtle differences in tariffs are important when |
| have added additional commodity codes increasing | | | | you realize that over the past six years, the United |
| the number to 10 digits. The system is quite complex; | | | | States has imported more than $1 billion in acoustic |
| the complete harmonized tariff schedule has | | | | guitars. Since countries base tariff revenues on |
| approximately 5,000 item descriptions grouped into | | | | imports, most countries have more specific import |
| 22 sections and 97 chapters (the U.S. version has 99 | | | | codes than those for exporters. In the United States, |
| chapters). In addition to customs use, HS codes | | | | that ratio is about two to one; there are |
| provide a data set for international market research. | | | | approximately 9,000 export codes and more than |
| HS codes are not the only system for comparing | | | | 18,000 import codes. To keep from confusing |
| data on industry structure and trade. In the United | | | | businesses with different exporting and importing |
| States, the Standard International Trade Classification | | | | codes, the United States calls the export classification |
| (SITC) and North American Industry Classification are | | | | system Schedule B and names the import codes the |
| also used. For purposes of trade documentation and | | | | Harmonized Tariff Schedule of the United States. The |
| trade data, however, the harmonized system is the | | | | United States bases all import and export codes |
| world standard. | | | | explicitly on the harmonized system. The U.S. Census |
| Prior to the development of the harmonized system, | | | | Bureau manages Schedule B while the U.S. |
| each country maintained its own system. Exporters | | | | International Trade Commission manages import |
| needed specialized staff whose role was to properly | | | | codes. |
| code goods for entry into different markets. | | | | Market researchers have found HS codes to be a |
| Specialty publishers created concordances that linked | | | | powerful source for international market research. |
| one country's system to another. The complexity of | | | | Firms can access publicly available databases like the |
| the system made it difficult for small companies to | | | | United Nations "Comtrade" system to track imports |
| trade without employing customs brokers or other | | | | and exports for all member countries by four-digit HS |
| intermediaries. In 1970 a group known as the Brussels | | | | code. A researcher can enter an HS code for any |
| Tariff Nomenclature Group published a study that | | | | country and determine how much of a particular |
| found that a uniform system of coding was both | | | | commodity that nation imports. The source of |
| desirable and possible. That original group became the | | | | imports provides the researcher with a proxy for |
| Customs Cooperation Council (CCC) and, with the | | | | competition. While further research is often |
| help of more than 45 countries, implemented the first | | | | necessary, in many cases this information alone can |
| Harmonized Commodity Description and Coding | | | | help firms rank market entry prospects. In addition to |
| System. In 1994 the CCC changed to its current | | | | HS codes, researchers employ two other common |
| name, the World Customs Organization. The WCO | | | | trade data classification systems: the Standard |
| engages representatives from its nearly 200 member | | | | International Trade Classification (SITC) and North |
| countries to maintain and update the HS code | | | | American Industry Classification (NAICS). |
| system and to provide advice and policy | | | | The need to classify commodities precisely to match |
| recommendations for national customs services. | | | | tariff schedules can make the harmonized system |
| The 10-digit HS code number classifies goods by | | | | unwieldy for comparing trade data. The SITC system |
| chapter, heading, subheading, and commodity codes. | | | | allows for easier aggregate analysis of commodity |
| Each chapter begins with a domain statement that | | | | trade data. While closely related to HS codes, the |
| describes goods that are included in the chapter and | | | | SITC classifies data into fewer code numbers than |
| then goods one would exclude. As an example, | | | | the harmonized system. In order to manage the |
| Chapter 92 of the code describes musical instruments | | | | economic analysis required by the North American |
| and accessories. The domain indicates the | | | | Free Trade Agreement (NAFTA), Canada, Mexico, |
| instruments are acoustic (not amplified), are not toys, | | | | and the United States jointly implemented the North |
| would not be considered collectibles or antiques, and | | | | American Industrial Classification System (NAICS). |
| do not include any instrument cases. Under Chapter | | | | Unlike the harmonized system that focuses upon |
| 92 are discrete four-digit headings (e.g., HS 9201 for | | | | trade and customs compliance, the developers built |
| pianos, HS 9202 for stringed instruments, HS 9205 | | | | NAICS around a production supply-chain model. |
| for wind instruments). The WCO refers to the | | | | NAICS groups businesses into industries based on the |
| six-digit HS code as the subheading- a classification | | | | processes firms use to transform materials and |
| that provides more information. If we consider the | | | | assemblies into goods and services. |
| heading HS 9202 for stringed instruments, we | | | | The advantage of the NAICS system is that it allows |
| discover that HS 9202.10 describes instruments | | | | the three member countries to compare information |
| played with a bow (violin, viola, cello), where HS | | | | on employment, labor costs, productivity, industry |
| 9202.90 describes non-bowed instruments (guitars). | | | | performance, and other measures of political |
| The last digits help provide very specific information | | | | economy. All three systems-SITC, NAICS, and HS |
| for use with the importing country's tariff schedule. | | | | codes-undergo additions and changes to |
| For example, HS 9202.90.20 informs a customs official | | | | accommodate the exponential growth of new |
| that the acoustic guitar in question costs less than | | | | technologies and their related industries. |