When it comes to international trade, it is important to have a standardized system for classifying products. The Harmonized System (HS) code is a globally recognized code used to classify different types of goods. In this article, we will explore the HS code 61103015, which pertains to sweaters, knitted or crocheted, made of manmade fibers and containing 23% or more of wool or fine animal hair.
The HS code 61103015 specifically refers to sweaters that are knitted or crocheted. These sweaters are made of manmade fibers, such as polyester or acrylic, and must contain at least 23% of wool or fine animal hair. This combination of materials provides warmth and comfort, making these sweaters a popular choice in colder climates.
For countries that adhere to the Most Favored Nation (MFN) principle, the bound duty rate for HS code 61103015 is 17%. 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. This helps promote fair and equal treatment in international trade.
The quantity unit for HS code 61103015 is dozens (DOZ). This unit is commonly used to measure garments, including sweaters. It provides a standardized way to quantify the number of items being imported or exported.
There are several special tariff preference programs applicable to HS code 61103015. These programs offer reduced or duty-free rates for importing countries. Here are some notable programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by facilitating the importation of sweaters at reduced or zero tariffs.
HS code 61103015 is relevant for several US states that import sweaters made of manmade fibers with wool or fine animal hair. The following states are known for their imports of these products:
These states either have a high demand for sweaters or serve as major distribution hubs for imported clothing and textiles.
While HS code 61103015 primarily focuses on imports of sweaters, it is also relevant to consider the exporting states in the United States. These states are known for their production and exportation of sweaters made of manmade fibers with wool or fine animal hair. Some of the major exporting states include:
These states have a strong manufacturing base and produce high-quality sweaters that are in demand in international markets.
HS code 61103015 plays a crucial role in facilitating international trade of sweaters made of manmade fibers with wool or fine animal hair. By classifying these products under a standardized code, it becomes easier for countries to track imports and exports, apply appropriate duty rates, and participate in special tariff preference programs. Whether it's importing sweaters into the United States or exporting them to other countries, understanding the HS code 61103015 is essential for businesses and policymakers alike.