When it comes to international trade, it is important to have a standardized system for classifying goods. The Harmonized System (HS) is an internationally recognized system used for this purpose. Each product is assigned a unique HS code, which helps in identifying and categorizing products for trade purposes.
One such HS code is 61045200, which refers to women's or girls' skirts and divided skirts, knitted or crocheted, made of cotton. This code specifically applies to skirts that are made of cotton and are either knitted or crocheted. It is important to note that the HS code provides a detailed description of the product, allowing for easy identification and classification.
When importing or exporting products, it is crucial to be aware of the applicable duty rates. The bound or Most Favored Nation (MFN) duty rate for HS code 61045200 is 8.3%. 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 ensures fair and equal treatment for all countries.
The quantity unit for HS code 61045200 is dozens (DOZ), which means that the products are usually measured and traded in multiples of twelve.
In addition to the duty rates, there are also special tariff preference programs available for HS code 61045200. These programs offer preferential duty rates or duty-free treatment to certain countries. For example, the following countries enjoy duty-free treatment for this product: Bahrain (BH), Canada (CA) under the North American Free Trade Agreement (NAFTA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE) under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), and Singapore (SG).
There are also specific duty rates for some countries under the special tariff preference programs. Australia (AU) enjoys a special rate of 7.4% for HS code 61045200, while Morocco (MA) has a special rate of 0.8%.
When importing products into the United States, it is important to consider which states are the major importers. Similarly, when exporting products from the United States, it is crucial to know which states are the major exporters. Unfortunately, the provided data does not include information regarding the importing and exporting US states for HS code 61045200.
Overall, HS code 61045200 refers to women's or girls' skirts and divided skirts, knitted or crocheted, made of cotton. It is important for traders to be aware of the applicable duty rates and special tariff preference programs for this HS code when engaging in international trade.