September 23, 1987 (on August Dingmao day), the naming and coding system of international trade in commodities began to unity. 23, September

1987 based in more than 20 countries on behalf of the member states of the European Community and the European Free Trade Association, Customs Cooperation Council headquarters in Brussels formally signed the international Harmonized Commodity naming and coding system agreement. This indicates that from January 1, 1988, adopted by the countries in the international trade in different commodities classification and coding system will achieve reunification.
Customs Cooperation Council announced at the signing ceremony, to remove the 12 members of the European Community foreign (on 24 www.TodayOnHistory.com), including Japan, Australia and other countries agreed to adopt a new system. United States and Canada is stepping up preparations for the new system. It is estimated that, prior to the entry into force of the new system, the two largest trading nation will also complete the necessary legal procedures. The Customs Cooperation Council also estimated that about 80% of international trade by the end of 1988, a 90% new commodity naming system. This new naming system with a six-digit classification, 5019 kinds of goods that often appear in the international trade and to contribute to the work of customs, transportation, trade negotiations and information, statistics and other successfully. Unified commodity nomenclature and coding system so all over the world use the same language for international trade, to avoid parties naming system in foreign trade exchanges repetitive labor to save costs, and can greatly improve the accuracy of the documents and effectiveness. Strengthen the information exchange of goods between countries, and to promote the launching of international trade, is a very useful technical assurance.