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Three Join Customs Convention, Two Added to Harmonized System

Tuesday, June 23, 2015
Sandler, Travis & Rosenberg Trade Report

The World Customs Organization reports that Argentina, Thailand and Sierra Leone have recently deposited their instruments of accession to the International Convention on the Simplification and Harmonization of Customs Procedures (Revised Kyoto Convention). The key elements of this convention include the application of simplified customs procedures in a predictable and transparent environment, the maximum use of information technology, the utilization of risk management, a strong partnership with trade and other stakeholders, and a readily accessible system of appeals. Having entered into force on Feb. 3, 2006, the Revised Kyoto Convention now has 102 contracting parties.

Separately, the WCO states that Sierra Leone and Djibouti have deposited their instruments of accession to the International Convention on the Harmonized Commodity Description and Coding System, which will enter into force Sept. 1, 2015, for Djibouti and Jan. 1, 2017, for Sierra Leone, though the latter date could be moved up.

The WCO notes that Sierra Leone’s principal export commodities are diamonds, rutile, cocoa, coffee and fish and that its principal import commodities are foodstuffs, machinery and equipment, fuels and lubricants, and chemicals. Djibouti’s principal export commodities are hides and skins, coffee (in transit) and scrap metal, while its principal import commodities are foods, beverages, transport equipment, chemicals, petroleum products and clothing.

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