When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying goods and facilitating trade worldwide. In this article, we will delve into the specifics of HS Code 61121910, which refers to track suits made of artificial fibers that are knitted or crocheted.
Track suits are a popular choice for athletes, fitness enthusiasts, and individuals seeking comfortable and stylish activewear. These garments are known for their versatility, allowing wearers to engage in various physical activities while providing freedom of movement.
Under HS Code 61121910, track suits made of artificial fibers are categorized for trade purposes. It is essential to understand the details associated with this HS Code to ensure proper import and export procedures.
The product description for HS Code 61121910 is as follows: track suits, knitted or crocheted, of artificial fibers.
Artificial fibers, also known as synthetic fibers, are man-made materials that provide various benefits such as durability, moisture-wicking properties, and resistance to wrinkles and shrinkage. These fibers are commonly used in the production of sportswear, including track suits.
The bound or Most Favored Nation (MFN) duty rate for HS Code 61121910 is 28.2%. The MFN duty rate is the rate applied to imports from all trading partners, ensuring equal treatment for the same goods or services.
Trade barriers, such as tariffs, can impact the cost of imported goods. Lowering trade barriers or opening up markets often requires countries to do so for all their trading partners, promoting fair and balanced trade relationships.
The quantity unit specified for HS Code 61121910 is dozens (DOZ). This unit of measurement allows for easy tracking and calculation of the number of track suits being imported or exported.
Several countries have special tariff preference programs in place for track suits classified under HS Code 61121910. These programs offer reduced or duty-free rates for importing track suits from specific trading partners. The details of these programs are as follows:
These special tariff preference programs aim to facilitate trade between countries and encourage economic cooperation. Importers and exporters should be aware of these programs to take advantage of reduced duty rates and enhance their competitiveness in the market.
For businesses or individuals importing track suits under HS Code 61121910 into the United States, the following states are commonly involved:
These states play a significant role in the importation of track suits, potentially due to factors such as consumer demand, distribution centers, or manufacturing facilities.
While the data provided does not specify exporting US states for track suits classified under HS Code 61121910, it is important to note that the United States is a major exporter of various goods, including textile and apparel products. The exporting states may vary depending on the manufacturing capabilities and market demand within the country.
Understanding HS Code 61121910 and its associated details is crucial for importers, exporters, and businesses involved in the trade of track suits made of artificial fibers. Compliance with trade regulations and taking advantage of special tariff preference programs can lead to cost savings and improved competitiveness in the global market.