Luggage, handbags, and flat goods made from palm leaf fall under HS code 46021925. This code is used to classify these specific products for import and export purposes. Understanding this code is essential for businesses involved in the trading of these goods, as it determines the applicable duty rates and eligibility for special tariff preference programs.
The products covered by HS code 46021925 include luggage, handbags, and other flat goods made from palm leaf. These items can be lined or unlined and are classified as "not elsewhere specified or included" (nesoi) under this code.
The bound or most-favored-nation (MFN) duty rate for products under HS code 46021925 is 18%. The MFN duty rate is the rate applied to imports from all trading partners when a country lowers trade barriers or opens up its market. Therefore, regardless of the country of origin, the duty rate for these goods would be 18%.
Several countries and trade agreements provide special tariff preference programs for products classified under HS code 46021925. These programs offer reduced or duty-free treatment for imports. The following countries and programs are applicable:
These special tariff preference programs aim to promote trade and economic cooperation between countries, providing benefits to both importers and exporters.
Businesses importing products classified under HS code 46021925 can find potential markets in the following US states:
These states have shown demand for these types of products, making them potential target markets for exporters.
For businesses looking to export products classified under HS code 46021925, the following US states have shown export potential:
These states have shown a potential market for exporting these products, indicating opportunities for businesses looking to expand their market reach.