Electronic search and retrieval â 24/7 access/retrieval capability. Increased visibility of all procurement & payment actions. Reduction in data entry/human error. Lower postage, handling, retention and document management costs.
In relation to the European Union, harmonisation of law (or simply harmonisation) is the process of creating common standards across the internal market. Though each EU member State has the primary responsibility for the regulation of most matters within their jurisdiction and consequently each has its own laws.his is the appeal of harmonisation, it takes into account the local factors yet applies general principles to make a consistent framework of law. It generally incorporates local factors under a relatively unified framework. An example of harmonisation can be drawn from the European Union and the use of Directives.
The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products.odes have been revised through the years. If it is necessary to refer to a code used in a past trade issue, contracting parties must refer to the definition used at the time of the agreement. These past codes are available on the World Customs Organization website as of May 2014, in their Publications section.