The HS Code 61103020 corresponds to sweaters, pullovers, and similar articles made from manmade fibers, with a minimum silk content of 30 percent or more. This code is used to classify and identify these specific products for international trade purposes. Let's explore more about this HS code and the implications it has on trade.
Sweaters and pullovers are popular clothing items that provide warmth and style. The ones falling under HS Code 61103020 are specifically made from manmade fibers, such as polyester or acrylic, with a significant inclusion of silk or silk waste. Silk is known for its luxurious feel, natural shine, and breathability, making it a desirable addition to these garments. The minimum silk content requirement ensures that the product maintains its unique properties and characteristics.
The bound / MFN (Most Favored Nation) duty rate for HS Code 61103020 is 6.3%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment and fair competition.
The quantity unit for HS Code 61103020 is dozens (DOZ). This unit denotes the number of sweaters, pullovers, or similar articles in multiples of twelve. It simplifies the trade and measurement process, allowing for easier calculation and documentation.
Several special tariff preference programs exist for HS Code 61103020, offering benefits to specific countries. These programs aim to promote trade, economic growth, and cooperation between nations. The following are the special tariff rates and countries associated with them:
These special tariff preference programs aim to facilitate trade and provide incentives for countries to engage in import and export activities related to sweaters, pullovers, and similar articles falling under HS Code 61103020. They promote economic partnerships and trade agreements between nations, benefiting both importers and exporters.
The following US states are involved in importing products classified under HS Code 61103020:
These states actively engage in the importation of sweaters, pullovers, and similar articles made from manmade fibers containing silk or silk waste. The inclusion of silk in these garments adds value and enhances their appeal in the market.
The exporting states within the US for products falling under HS Code 61103020 may vary and are not specified in the available data. However, it can be assumed that various states across the country engage in the exportation of these garments to international markets. The demand for high-quality sweaters and pullovers made from manmade fibers with silk content creates opportunities for US exporters to reach global customers.
HS Code 61103020 represents sweaters, pullovers, and similar articles made from manmade fibers with a minimum silk content of 30 percent or more. This code helps classify and identify these products for trade purposes. The bound / MFN duty rate, special tariff preference programs, and involvement of specific US states in importing these goods contribute to the dynamics of international trade in this sector.
More on HS code 61103020