Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization) the system which took effect is referred to as:

Complete Question:

Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization) the system which took effect is referred to as:

Group of answer choices

A) preferential tariffs.

B) Harmonized tariff.

C) BTN duty.

D) Specialized tariff.

E) antidumping duty.

B) Harmonized tariff.

Explanation:

Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization) the system which took effect is referred to as Harmonized tariff.

Harmonized tariff refers to the standard numerical way of classifying the traded goods (products) of a country. It is a method used across the world by the Customs Service to gather statistical informations, and to identify the duties, quotas and taxes on goods (product).

The Harmonized tarrif is usually updated every five (5) years by the World Customs Organization (WCO).

what are the options?