The time 2021 was one of query for trade compliance with the new Biden administration coming into office. And while we didn’t see any change of policy on trade with China, we did see a pledge from this administration of supporting the further domestic product to help dislocation in the force chain.
In the meantime, force chain detainments are beginning to ease, but there are still record figures of ocean vessels off the seacoast of Los Angeles and Long Beach staying to discharge and a host of empty holders that are staying for a returned trip on those same vessels — and it might be a while until we get back to “ normal.”
So, with all of that in mind, then are some other crucial transnational trade areas shippers should consider as we roll into 2022.
HTS in 2022
As numerous global shippers are apprehensive, the World Customs Organization (WCO) reevaluates the Harmonized Tariff Code every five times. The WCO completed its rearmost review in 2019, approving some 350 emendations to the Harmonized Tariff Schedule (HTS) that will be executed on January 1, 2022.
This update affects tariff canons and their associated tariff rates in further than 200 countries. There are some themes behind the HTS 2022 emendations including new technologies, environmental and health enterprises, and ways of tracking binary use” particulars to measure the movement of civil and military particulars in and out of the U.S. Some notable changes pertain to smartphones, unmanned aircraft, and a corridor of aircraft, 3D printers and LEDs.
Still, they should formerly know what part figures need to be reclassified if shippers are using a global trade operation system software provider for their HTS content. Still, numerous small-to-medium-sized companies might still be maintaining their groups manually by spreadsheet or other systems.
Still, there will most probably be detainments at the harborage of entry, if their freight forwarders or Customs brokers aren’t handed with a shipper’s product list with the revised 2022 HTS bracket figures. Shippers should take immediate action to estimate the 2022 changes so their significance isn’t impacted. The changes plantlant the WCO website