Home > Term: harmonization
harmonization
1. The changing of government regulations and practices, as a result of an international agreement, to make those of different countries the same or more compatible. 2. In the case of tariffs, this means making tariff rates more similar across industries and/or across countries.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- Noroc
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