Product classification and compliance are essential yet time-consuming elements of global trade. Importers and exporters are challenged by the need to access relevant information and regulations, match product characteristics and shipment details with Harmonized Tariff Schedule (HTS) and Export Control Classification Number (ECCN) codes, and meet license requirements. In short, the trading world is a perfect candidate for artificial intelligence-based tools and capabilities, to enhance the quality and productivity of classification and compliance.
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