Definition of Harmonized system

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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'.

Previous 5 Terms:
harengiform
Harmonic Content
Harmonic Tremor
harmonics
Harmonization
Next 5 Terms:
Harmonized Tariff Schedules of the United States (HTS, HTSUS)
harmonograph
harmonometer
harrier
Harrow




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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