TeachMeFinance.com - explain Harmonized system
Harmonized system The term 'Harmonized system ' as it applies to the area of agriculture can be defined as ' The international classification system for goods, implemented by most countries on January 1, 1998, which is used for tariff classification, trade statistics, and ultimately, transport documentation. Officially known as the Harmonized Commodity Description and Coding System, conversion was begun by the Customs Cooperation Council in 1970 as a replacement for the Customs Cooperation Council Nomenclature also known as the Brussels Tariff Nomenclature'.
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