On 10 March Palestine deposited with the Secretary General of the WCO its instrument of accession to the International Convention on the Harmonised Commodity Description and Coding System or HS.
Palestine’s GDP (2012) was U$10 billion with a largely agricultural sector. It had U$721 million in exported goods (2011), largely olives, fruits, vegetables, limestone, and textiles. It also recorded U$4.2 billion in imported goods (2011).
The HS Convention will enter into force in Palestine on 01 January 2018.