When it comes to international trade, it is crucial to have a standardized system for classifying products. This is where Harmonized System (HS) codes play a vital role. Each product is assigned a unique HS code, which helps in identifying and categorizing goods for customs and trade purposes. In this article, we will be discussing HS Code 61034210, which refers to men's or boys' trousers, breeches, and shorts, knitted or crocheted, made of cotton.
HS Code 61034210 specifically covers trousers, breeches, and shorts for men and boys that are knitted or crocheted, and made of cotton. This code ensures that these specific products are accurately classified and can be easily identified by customs officials and traders alike.
One of the key pieces of information provided by the HS code is the bound/MFN duty rate. For HS Code 61034210, the bound/MFN duty rate is set at 16.1%. 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. This rate ensures fair and equal treatment for all countries involved in the trade of these products.
When it comes to measuring the quantity of products classified under HS Code 61034210, the unit used is dozens (DOZ). This unit helps in standardizing the measurement and facilitates easy calculations for importers and exporters.
Furthermore, there are special tariff preference programs associated with HS Code 61034210. These programs offer reduced or duty-free rates for specific countries. For example, Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX), Oman (OM), Panama (P), Peru (PE), and Singapore (SG) enjoy duty-free treatment when importing products under this HS code. Australia (AU) benefits from a special rate of 8%, while Morocco (MA) has a special rate of 1.6%. These special tariff preference programs aim to promote trade and strengthen economic ties between countries.
When it comes to importing products under HS Code 61034210, various states in the United States are involved. Exporting US states, on the other hand, play a significant role in supplying these products to international markets. The precise details of importing and exporting states may vary based on trade data and market trends.
HS Code 61034210 represents men's or boys' trousers, breeches, and shorts made of cotton, which are knitted or crocheted. This code streamlines the classification and identification of these products for customs and trade purposes. The bound/MFN duty rate, special tariff preference programs, and the unit of measurement (dozens) associated with this HS code provide valuable information for importers, exporters, and traders worldwide.