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2014, Apr 18

ASEAN To Implement New Set Of Tariff Codes on January 1, 2012

ASEAN To Implement New Set Of Tariff Codes on January 1, 2012

by CFO Innovation Asia Staff, 05 December 2011

 

Shell, one of Singapore’s largest multinational companies with significant international trading activities, currently maintains the tariff numbers of thousands of products, across all countries that Shell trades with.

 

“By promoting uniformity and simplification of the tariff nomenclature system across ASEAN countries, we have seen an increase in efficiency and productivity in the tariff number maintenance process for Shell,” says Chan Suit Fong, Finance Director of Shell Eastern Petroleum (Pte) Ltd.

 

“For example, the AHTN has enabled the tariff number maintained for one country to be mapped to the rest of the ASEAN countries. The enhanced transparency in the classification of oil and petrochemical products across ASEAN countries will help facilitate trade in the region.”

 

At the national and regional levels, the AHTN serves as the basis for negotiations on FTAs and Customs treaties, as well as the collection of trade statistics. It is also used by Customs administrations to monitor the movement of goods, for purposes such as food security, public health, environmental protection and counter-terrorism.
 

 

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