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The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products.odes have been revised through the years. If it is necessary to refer to a code used in a past trade issue, contracting parties must refer to the definition used at the time of the agreement. These past codes are available on the World Customs Organization website as of May 2014, in their Publications section.
The HS is thus a universal economic language and code for goods, and an indispensable tool for international trade. The Harmonized System is governed by The International Convention on the Harmonized Commodity Description and Coding System.ver 98 % of the merchandise in international trade is classified in terms of the HS. The HS contributes to the harmonization of Customs and trade procedures, and the non-documentary trade data interchange in connection with such procedures, thus reducing the costs related to international trade.