Module 3: Harmonized System data Classification, Market Identification & Trade Map.
Channel: GyaanShaala Education
Date: 30/08/2021

While conducting international business with foreign entities, the firms from various countries complete the documentation formalities by using a common trade classification. Hence the module first discusses the Harmonized system (HS), various principles followed for trade data classification, sources of trade data from multilateral agencies and the care to be taken before applying the same for market identification purposes. By considering the Trade Map database as the source, the lecture module then explains to the participants how various tools in the resource base can be used for identifying appropriate markets and competitiveness of the export items can be checked in the markets of particular interest.