The Brussels classification is a system used to categorize goods and services for the purpose of international trade. It is a standardized system that is widely used across the world, and it helps to ensure that goods and services are classified in a consistent and accurate manner.
Definitions
The Brussels classification is a system of classifying goods and services based on their characteristics and intended use. It is used by customs officials, trade organizations, and businesses to facilitate international trade. The system is based on a hierarchical structure, with broad categories at the top and more specific subcategories at lower levels.
Origin
The Brussels classification was developed by the World Customs Organization (WCO) in 1950. It was originally known as the Brussels Tariff Nomenclature and was designed to facilitate the collection of customs duties. Over time, the system has evolved to include more detailed classifications and has become a widely accepted standard for international trade.
Meaning in different dictionaries
The Brussels classification is defined in various dictionaries as a system of classifying goods and services for the purpose of international trade. The system is based on a hierarchical structure, with broad categories at the top and more specific subcategories at lower levels. It is used by customs officials, trade organizations, and businesses to facilitate international trade.
Associations
The Brussels classification is closely associated with the World Customs Organization (WCO) and is used by customs officials around the world. It is also used by trade organizations and businesses to facilitate international trade and ensure that goods and services are classified in a consistent and accurate manner.
Synonyms
There are no direct synonyms for the Brussels classification, but it is sometimes referred to as the Harmonized System (HS) or the International Harmonized System (IHS).
Antonyms
There are no direct antonyms for the Brussels classification, but it is sometimes contrasted with other systems of classification, such as the North American Industry Classification System (NAICS) or the Standard Industrial Classification (SIC) system.
The same root words
The Brussels classification is sometimes referred to as the Harmonized System (HS) or the International Harmonized System (IHS). These terms all refer to the same system of classifying goods and services for the purpose of international trade.
Example Sentences
- Customs officials use the Brussels classification to determine the appropriate duties and taxes for imported goods.
- The Brussels classification is a widely accepted standard for international trade.
- Businesses use the Brussels classification to ensure that their goods and services are classified in a consistent and accurate manner.
- The Brussels classification is based on a hierarchical structure, with broad categories at the top and more specific subcategories at lower levels.
- The World Customs Organization (WCO) is responsible for maintaining and updating the Brussels classification.