The HS Code 34031140 refers to preparations specifically designed for the treatment of textile materials. These preparations contain less than 50 percent by weight of petroleum oils. This code plays a crucial role in international trade as it helps to classify and identify the specific type of product being imported or exported.
When it comes to trade barriers and market accessibility, the MFN (Most Favored Nation) duty rate of 6.1% is applied. This means that every time a country lowers a trade barrier or opens up a market, they must do so for the same goods or services from all their trading partners. This ensures a fair and equal treatment for all countries involved in international trade.
The quantity unit for this particular HS Code is kilograms (KG). This unit is used to measure the weight of the textile treatment preparations being imported or exported.
There are also special tariff preference programs available for this HS Code. These programs offer specific countries a preferential treatment in terms of duty rates. The following countries enjoy a duty-free treatment for this product:
These preferential treatment programs are in place to encourage trade and strengthen economic ties between the participating countries.
When it comes to importing into the United States, the main states that are involved in the trade of HS Code 34031140 are West Virginia and Ohio. These states play a significant role in the importation and distribution of textile treatment preparations.
HS Code 34031140 is essential for the classification and identification of preparations used for the treatment of textile materials. It helps facilitate international trade by providing a standardized code for this specific product. The MFN duty rate and special tariff preference programs further enhance trade relations between countries, promoting economic growth and cooperation.