The HS Code 40103630 refers to endless synchronous transmission belts made of vulcanized rubber. These belts have a circumference ranging from 150 to 198 centimeters and are combined with textiles that have vegetable fibers predominantly over other fibers.
When it comes to trade, countries often impose duties or trade barriers on imported goods. However, through various special tariff preference programs, certain countries can enjoy preferential treatment or even duty-free access for specific products. In the case of HS Code 40103630, the following countries have special tariff preference programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products. By providing preferential treatment to certain trading partners, countries encourage bilateral trade and strengthen diplomatic relations.
It's important to note that the MFN (Most Favored Nation) duty rate for HS Code 40103630 is 4.1%. This means that countries that do not have a special tariff preference program in place for this specific product will be subject to this duty rate. The MFN principle states 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 importing and exporting HS Code 40103630 is kilograms (KG). This unit is commonly used for measuring the weight of goods in international trade.
the HS Code 40103630 represents endless synchronous transmission belts made of vulcanized rubber. These belts, with a circumference of 150-198 cm, are combined with textiles predominantly made of vegetable fibers. Various special tariff preference programs exist for this product, offering duty-free or preferential treatment to specific countries. However, for countries without such programs, the MFN duty rate of 4.1% applies. Understanding the HS Code and its associated data is crucial for importers, exporters, and policymakers involved in international trade.