Working with Tajikistan to Develop its First National Commodity Nomenclature of Foreign Economic Activities
One of the most important instruments of trade facilitation is the commodity nomenclature, which provides a definition of all goods subject to foreign trade. The correct classification of goods forms the basis for determining the appropriate value...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/735651488803062777/Working-with-Tajikistan-to-develop-its-first-national-commodity-nomenclature-of-foreign-economic-activities http://hdl.handle.net/10986/26293 |
| Summary: | One of the most important instruments of
trade facilitation is the commodity nomenclature, which
provides a definition of all goods subject to foreign trade.
The correct classification of goods forms the basis for
determining the appropriate value of a good and for
determining the customs duties imposed on a good on import
or export. Customs statistics on foreign trade are derived
from it, and those statistics in turn serve as a tool for
the determination and implementation of customs policy.
Commodity nomenclature is used not only at the national
level, but also by the World Trade Organization, the World
Customs Organization, the United Nations, and other
international entities. Importers and exporters or investors
in other countries visit customs nomenclature websites
thousands of times a day to see the types and levels of
customs duties and other charges and trade policy measures
that particular countries apply. Trade policy regulations,
rules of origin, and trade statistics in almost all of the
developed and developing countries are designed and compiled
on the basis of customs nomenclatures. This SmartLesson
discusses how the Central Asia Trade Logistics Project
worked with the Customs Administration of the Republic of
Tajikistan on the development of its first national
commodity nomenclature. |
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