User:Islam Akramul/sandbox
Submission declined on 20 January 2025 by Dan arndt (talk). This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources.
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Comment: Fails WP:GNG, lacks any reliable independent secondary sources. Dan arndt (talk) 06:22, 20 January 2025 (UTC)
“Harmonized System Code (H.S. Code)” implementation & execution challenges in Bangladesh.
World Customs Organization (WCO) circulate H.S. Code globally for beading the international business and update it every five (5) years interval. To make international business in a streamline, H.S. Code system is most important USP and currently this system uses 200+ countries around the globe. Here first six (6) digits of a H.S. Code considers as international standard code and country to country it’s extend 2-6 digits more because of regional priorities, trade agreements, regulations & introducing complexity in global trade.
As a developing and growing economic country (like-Bangladesh) – it is very important to unify their H.S. Code system with global arena for many aspects (like- more classification of goods, justifying H.S. Code declaration, execute proper duty & taxes against targeted items). Bangladesh mostly import-export depending country and USA & China are our largest stakeholder in this arena. Currently Bangladesh using eight (8) digits H.S. Code during international business where USA & China used ten (10) digits, which made our international business more conflicting and sometimes government lost it’s expected duty & taxes against this business due unidentified some gray areas.
It is very difficult to overcome all challenges in a single day such a bureaucratic county (like- Bangladesh), but day by day upgradation, automation, alignment can reduce complexities and helps country toward to world standard.
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