Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization)the system which took effect is referred to as:
A) preferential tariffs.
B) Harmonized tariff.
C) BTN duty.
D) Specialized tariff.
E) antidumping duty.

Question

Quizplus · Accepted Answer

The Harmonized Tariff System (HTS) is a standardized numerical method of classifying traded products. It was developed under the auspices of the Custom Cooperation Council (now the World Customs Organization). It is used by over 200 countries as a basis for their import and export tariffs.

Developed Under the Auspices of the Custom Cooperation Council (Now