You can access regulatory trade data and requirements around the world from many different sources. The problem is not only finding the data, but also keeping it current within your compliance program and ensuring the validity on filings. For example, Brazil has been known to update its tariff schedule, known as TEC (Tarifa Externa Comun), over 80 times within a 12 month period. In the European Union, while each member state uses the TARIC schedule as its base, each country then applies different taxes and controls for imports and exports to create its own harmonized schedule. And in all countries, specific customs documents are needed for importing and exporting. Managing one country's global regulatory trade data is a full-time job. Imagine the amount of time needed to manage that same data for every country in which your organization does business.

Harmonized schedules, import charge formulas, free trade agreement rules of origin, duty rates, restricted party lists, Customs and other government agency (OGA) requirements, and more can be found all in one place: Integration Point Global Trade Content. For importers and exporters looking for a central repository to not only store tariff data but also utilize that up-to-date information for customs filings around the globe, Integration Point Global Trade Content is the answer.

Using an automated system to organize and maintain customs data from around the globe is important. Keeping that data updated and providing it to all users regardless of location or language is imperative. Integration Point Global Trade Content does both of these, plus more.

With Integration Point Global Trade Content, you are accessing the most up-to-date, valid content. Facilitating trade by providing importers and exporters with up-to-date regulatory trade data in a central repository is the foundation of Integration Point Global Trade Content.

The Integration Point Global Trade Content solution is built using Software-as-a-Service (SaaS) technology, which gives companies access to data from over 195 countries.

What is the World Customs Organization (WCO)?

The World Customs Organization (WCO), established in 1952 as the Customs Co-operation Council (CCC), is an independent, intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.

One of the primary responsibilities of the WCO is to develop standards, one of these being the Harmonized System of goods nomenclature. The WCO declares the Harmonized Schedule (HS) to 6 digits (subheading level). Amendments or updates to the HS occur every 5-6 years, and are primarily due to developments in technology and changes in trade patterns. The past updates took place in 1996, 2002, 2007, and most recently in 2012.

Each country then applies its own tariff schedule based on the WCO Standard in place. Countries update their tariff schedule at their discretion and the frequency of update can range from only updating when the WCO updates the Harmonized Schedule to multiple times in a year, as most countries do.

When changes occur, either at a global level or on a country specific level, it is important to re-evaluate your product classification. Below are some tips to help you stay ahead of the changes.

Integration Point Global Trade Content

The Integration Point Global Trade Content solution is a comprehensive collection of global trade regulations and regulatory knowledge for over 195 countries, which organizes and maintains updated customs data from around the globe, regardless of location or language, including:

  • Harmonized Tariff Schedules
  • Import Charge Formulas
  • Denied Party & Embargoed Countries Lists
  • Dual Use List Classifications
  • Export License Determination
  • Country Reference Links
  • Munitions Lists
  • Free Trade Agreements
  • Document Determination for imports and exports
  • Supply Chain Compliance regulation lists
  • Binding Rulings
  • Main, Preferential, WTO, Anti-dumping and Countervailing Duty Rates
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