Concept information
Preferred term
harmonized system
Definition
- The harmonized system, or as it is more formally known, the harmonized commodity description and coding system, is an international classification system designed to facilitate the collection of trade statistics as well as to assist in the collection of tariffs and customs duties. For decades, individual nations used their own systems for classifying goods and services. [Source: Encyclopedia of Business in Today's World; Harmonized System]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/harmonized_system
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