NCM (MERCOSUR Common Nomenclature)

It is an eight-digit code established by the Brazilian Government to identify the nature of the goods and promote the development of international trade, in addition to facilitating the collection and analysis of foreign trade statistics. It is a merchandise categorization convention adopted since 1995 by Uruguay, Paraguay, Brazil, and Argentina and which is based on the Standardized System (SH). This nomenclature system was created in order to improve and facilitate the growth of international trade, while also facilitating the creation and comparison of statistics. Venezuela signed the Mercosur admission protocol in 2006 as part of the bloc