How Will the 2007 Harmonized Code Changes Affect You?
An International Trade Data Users Conference and Workshop
Co-Sponsored by the International Trade Center/RRB
Conference December 5, 2006
Trade Data Workshop December 6
International Trade Center/Ronald Reagan Building
13th and Pennsylvania Avenues, NW Washington, DC Map It!
In January 2007, major changes will be made to the Harmonized System (HS). The HS commodity coding system forms the structure for compiling worldwide trade statistics, and is used as the basis for applying import duties. The conference will discuss these changes and their impact. Presenters include David Beck, Acting Dir. of Tariff Affairs and Trade Agreements, ITC; William Shayne, Esq. of the Shayne Law Group; Customs & BP, Bill Bostic, Jr., Chief, FTD – Census Bureau; Ron Jansen, Chief Int’l. Trade Statistics at the UN. Prof. Simon Pak, Assoc. Prof. of Finance at Penn State University, will present his research findings on “Abnormally High and Low Prices of Import and Export Transactions.” A discussion of implications on U.S. trade deficits will follow.
A Trade Data Workshop will be held the following day. It will cover how data is collected, the documents used, define the terminology, review how the U.S. Census Bureau – FTD processes trade data and corrects errors. It will review U.S. trade data products and demonstrate Internet access to the data. Besides the Census Bureau, presenters include other government agencies such as the ITA, ITC, STAT-USA, as well as commercial companies providing trade data access on a subscription basis (PIERS, WISER, others). The United Nations will discuss their worldwide Comtrade data system and demonstrate Internet access.
ITDU Conference Tuesday December 5, 2006
Ronald Reagan Building Conference Room: Hemisphere B
Note: You may click on links to presenters.
|8:15 – 8:45||Registration and Coffee|
|8:50||Introductions and Opening Remarks – Alvis Pauga, Executive Dir. ITDU; Scudder Smith, Chmn. ITDU; Susan Sylvester, Director of the Ronald Reagan Building and International Trade Center|
|9:00||● Brief Review of the Harmonized System (HS) for Classifying Trade – William Shayne, Esq., Shayne Law Group|
|9:20||● Extent of Harmonized Code Changes Effective January 2007 David Beck, Acting Dir. of Tariff Affairs, International Trade Commission ITC Site|
|10:00||● HS Code Change Impact on Business and Imports William Shayne, Esq., Shayne Law Group|
|10:50|| ● Impact of HS Changes on U.S. Exports – Carol Aristone, U.S. Census Bureau – FTD FTD Site
● Implications for Data Collection, Dissemination and Historical Time Series – Carol Aristone, U.S. Census Bureau – FTD
|11:20||● Accommodating 2007 HS Code Revisions in Forecasting Models Paul Bingham, Global Insight GI Site|
|12:00 – 1:30||LUNCH (RRB Food Court)|
|1:30||● United Nation’s Perspective on 2007 HS Code Changes
● Impact on Comtrade Database
● The Updated SITC-Rev. 4 Commodity Code System
Ronald Jansen, Chief Commodity Trade Stats, UN
|2:15||● Abnormally High and Low Valuation for U.S. Export and Import Transactions
Prof. Simon Pak, Assoc. Prof. of Finance, Penn State University See Article
|3:00||● Implications of Abnormal Trade Valuation|
|3:30||● New Data Initiatives at the Census Bureau–Foreign Trade Division William G. Bostic, Jr., Chief FTD, Census Bureau|
|4:30||End of Conference|
Join us for an informal Networking Event at the end of Tuesday’s conference at Aria Trattoria in the Ronald Reagan Building off the Woodrow Wilson Plaza.
Note: Program subject to change, depending on availability of speakers.
ITDU Workshop, Wednesday December 6, 2006
Ronald Reagan Building Conference Room: Meridian C
|8:00 – 8:30||Coffee|
|8:30|| The A, B C’s of U.S. Foreign Trade Data
|10:45||Accessing Census Data – Demonstration of USA Trade Online – Joe Kafchinski, FTD Census Bureau|
|11:30||STAT-USA – Dr. Forrest Williams, Dir, STAT-USA|
|12:00 – 1:00||LUNCH (RRB Food Court)|
|1:00|| Additional Sources of U. S. Trade Statistics
|2:00||International Trade Data Sources United Nations – World Trade Data Collection and UN Comtrade Knowledge Base – Ronald Jansen, Chief Commodity Trade Stats, UN|
|2:45||Accessing Commodity Trade Data and Waterborne Manifest Data on Shippers and Consignees – Case Study Examples – World Institute for Strategic Economic Research (WISER), PIERS, and other trade data system providers.|
|4:30 – 5:00||What Source to Use When? The Pros and Cons – An Open Discussion.|
Please ignore warning of certificate problem with web site. There is no security problem, and this will be corrected shortly. If questions, call 201.337.0533.
Program subject to change, depending on availability of speakers.