When it comes to international trade, it is essential to have a standardized system for the classification of products. This is where the Harmonized System (HS) code comes into play. The HS code 61119070 represents babies garments and clothing accessories made of textile materials (excluding wool, cotton, or mmf), containing 70% or more by weight of silk. Let's explore this HS code in detail and understand its implications for trade.
Product Description:
Now, let's dive deeper into the various aspects related to the HS code 61119070:
Bound / MFN Duty Rate:
The bound / MFN duty rate for this product is 0.9%. The MFN (Most Favored Nation) principle states 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 ensures fair and non-discriminatory trade practices among nations.
Quantity Unit:
The quantity unit for this product is dozens (DOZ). This allows for easy measurement and trade of the product in standardized units.
Special Tariff Preference Programs:
The HS code 61119070 is eligible for various special tariff preference programs. These programs offer reduced or zero-duty rates for importing countries. Here are the special tariff preference programs applicable to this HS code:
Importing US States:
The following US states are involved in the importation of products under the HS code 61119070: Maine, Mississippi, New Hampshire, New York, North Carolina, Ohio, Virginia, Wisconsin, Nevada
Exporting US States:
There is no specific information available regarding the exporting US states for this HS code. However, it is important to note that the US is a major player in international trade, and various states contribute to the export of babies garments and clothing accessories made of silk.
the HS code 61119070 represents babies garments and clothing accessories made of textile materials containing 70% or more by weight of silk. This code is essential for the classification and regulation of international trade. Understanding the details and implications of this HS code helps importers, exporters, and policymakers make informed decisions and ensure smooth trade operations.