Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 34070020: Modeling Pastes for Children's Amusement

The HS Code 34070020 refers to modeling pastes, including those put up for children's amusement. This code is used to classify these specific products for the purpose of international trade. Let's delve into the details of this HS code and understand its implications.

When it comes to trade barriers and market accessibility, countries often have to make decisions that impact the import and export of goods and services. The Bound / MFN (Most Favored Nation) duty rate for HS Code 34070020 is free. This means that whenever a country lowers a trade barrier or opens up a market, it has to do so for the same modeling pastes from all its trading partners. This ensures fair and equal treatment for all parties involved.

The quantity unit for this HS code is kilograms (KG). This unit of measurement is used to determine the weight of the modeling pastes being imported or exported.

In addition to the general duty rate, there are also special tariff preference programs associated with HS Code 34070020. Under these programs, certain countries receive preferential treatment in terms of duty-free imports. The countries included in these programs are:

• A+ countries
• AU (Australia)
• BH (Bahrain)
• CA (Canada) under NAFTA (North American Free Trade Agreement)
• CL (Chile)
• D (Africa Growth and Opportunity Act - AGOA)
• E (Caribbean Basin Initiative - CBI)
• IL (Israel)
• J (Andean Trade Preference Act - ATPA)
• JO (Jordan)
• MA (Morocco)
• MX (Mexico) under NAFTA
• OM (Oman)
• P (Dominican Republic-Central American Special Rate - DR-CAFTA)
• PE (Peru)
• SG (Singapore)

These countries enjoy special rates or duty-free treatment when importing modeling pastes under HS Code 34070020. This promotes trade relations and incentivizes importers and exporters to engage in business activities with these countries.

Now let's take a look at the importing and exporting US states associated with HS Code 34070020:

Importing US states:

• West Virginia
• Ohio
• Delaware

Exporting US states:

• West Virginia
• Ohio

These states are involved in the import and export of modeling pastes for children's amusement, categorized under HS Code 34070020.

HS Code 34070020 is significant for international trade as it specifically classifies modeling pastes, including those put up for children's amusement. The code's duty-free treatment and special tariff preference programs contribute to the smooth flow of trade and promote economic relations between countries. The associated US states play a role in both importing and exporting these products, further contributing to global trade.