Gloves are an essential item in various industries and activities, providing protection and comfort to the hands. HS Code 40151950 specifically refers to nonseamless gloves of vulcanized rubber, excluding hard rubber, surgical gloves, and medical gloves. This code helps in classifying and identifying these specific types of gloves for international trade purposes.
When it comes to international trade, countries often establish trade barriers or open up their markets. In the case of HS Code 40151950, the bound or MFN (Most Favored Nation) duty rate is set at 14%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for these gloves is measured in dozen pairs (DPR). This unit helps in standardizing the measurement and trade of these gloves, making it easier for importers and exporters to understand and calculate quantities.
There are also special tariff preference programs in place for HS Code 40151950. These programs offer different duty rates for specific countries. Some countries, such as A+, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, and PE, enjoy duty-free treatment, meaning they can import these gloves without any additional tariffs. Other countries like AU (Australia) have a special rate of 3.5%, while SG (Singapore) has a special rate of 1.7%.
It is important to note the details of these special tariff preference programs. For example, the "Free" category only applies to imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading. Bahrain has a special rate, while Canada enjoys duty-free treatment under the NAFTA (North American Free Trade Agreement). Chile has a special rate, and there are also special rates for countries under the Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel, Andean Trade Preference Act (ATPA), Jordan, Morocco, and the Dominican Republic-Central American Special Rate (DR-CAFTA). Peru has a special rate of 3.5%, while Australia enjoys a special rate of 1.7% and Singapore has a special rate of 1.7%.
When it comes to importing these gloves into the United States, the data provided does not specify the exporting US states. However, it is worth noting that Nevada is mentioned as an importing US state. This information can be helpful for businesses and traders in Nevada who are looking to import nonseamless gloves of vulcanized rubber.
HS Code 40151950 plays a crucial role in classifying and identifying nonseamless gloves of vulcanized rubber for international trade purposes. The bound or MFN duty rate, special tariff preference programs, and quantity unit all help in facilitating the import and export of these gloves. Understanding the details and implications of these data points is essential for businesses and traders involved in the global trade of nonseamless gloves of vulcanized rubber.