The HS Code 40103541 refers to the product description of an endless synchronous transmission belt made of vulcanized rubber. The belt has a circumference ranging from 60 to 150 cm and is combined with a textile mat, with manmade fiber being the predominant material. The belt has a width of over 20 cm.
When it comes to trade barriers and market access, countries often implement bound or Most Favored Nation (MFN) duty rates. In the case of HS Code 40103541, the bound or MFN duty rate is 8%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this product is kilograms (KG). This means that the weight of the endless synchronous transmission belt will be measured and traded in kilograms.
There are several special tariff preference programs applicable to HS Code 40103541. These programs provide certain countries with preferential treatment in terms of duty rates. The countries that enjoy duty-free treatment for this product under these special tariff preference programs are:
These countries are eligible for duty-free treatment under various special tariff preference programs such as the Generalized System of Preferences (GSP), NAFTA, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and more. Each program has its specific criteria and benefits.
When it comes to importing this product into the United States, the state of New Hampshire is identified as one of the importing states. This means that businesses or individuals in New Hampshire may engage in importing and trading HS Code 40103541.
As for the exporting states in the United States, the data provided indicates that the product has been exported from multiple states, including:
It is worth noting that the data lists North Dakota multiple times as an exporting state. This may indicate that North Dakota plays a significant role in the production and distribution of the endless synchronous transmission belt of vulcanized rubber.
HS Code 40103541 represents an endless synchronous transmission belt made of vulcanized rubber, combined with a textile mat. The product has specific dimensions and is predominantly made of manmade fiber. It is subject to a bound or MFN duty rate of 8%. Various special tariff preference programs provide duty-free treatment for this product to eligible countries. Importing of this product into the United States is associated with the state of New Hampshire, while exporting has been identified from states like Arkansas and North Dakota.