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Trade Regulations & HS Codes

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"With the launch of ICS2 Release 2, Declarants have a legal obligation to provide the HS commodity code. The EU customs authorities may reject ENS declarations in the case of lack of complete data

European Commission
Import Control System 2 - Release 2

"Around half use some combination of big data, data analytics, artificial intelligence and machine learning. Those who do not currently use them have plans to do so in the future."

World Customs Organisation
The role of advanced technologies in cross-border trade: A customs perspective.

55% of inspected containers were non-compliant , 43% of containers failed due to poorly secured dangerous goods.

National Cargo Bureau
NCB CONTAINER INSPECTIONS SAFETY INITIATIVE

" To stay competitive in a global trade environment increasingly dominated by preferential trade, companies need a smart strategy integrating the entire range of customs and trade activities in their value chain."

PwC
A look at the present and future of customs and trade

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