ASEAN Sets Review of Tariff Lines, Classifications
The Association of Southeast Asian Nations (ASEAN) is set to review the region’s harmonized tariff nomenclature to better facilitate trade and help curb technical smuggling across the 10 member-states of the bloc. Tariff Commission chair Edgardo B. Abon said the review was necessary due to the emergence of new products and technological advancements, which will require new nomenclature, classifications and descriptions.
Source: Philippine Daily Inquirer