What is Foreign Trade Product Classification in SAP AP-RC - FND Reuse Components?

SAP Term: Foreign Trade Product Classification

• Component: AP-RC

• Component Name: FND Reuse Components

• Description: The management of foreign trade code catalogs and the classification of products according to these codes.

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• Key Concepts: 
  Foreign Trade Product Classification (FTPC) is a component of the SAP Reuse Components (AP-RC) that enables companies to classify their products according to international trade regulations. It provides a comprehensive set of product classification codes and descriptions that are used to classify products for export and import purposes. 
  
  How to use it: 
  FTPC can be used to classify products for export and import purposes. It provides a comprehensive set of product classification codes and descriptions that can be used to accurately classify products for international trade. The codes and descriptions are based on the Harmonized System (HS) of international trade, which is used by most countries around the world. 
  
  Tips & Tricks: 
  When using FTPC, it is important to ensure that the product classification codes and descriptions are accurate and up-to-date. This will help ensure that the products are correctly classified for international trade purposes. Additionally, it is important to ensure that the product classification codes are consistent across all countries in which the product is being exported or imported. 
  
  Related Information: 
  For more information about FTPC, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, you can find more information about the Harmonized System of international trade on the World Customs Organization website.