When it comes to international trade, it is essential to have a standardized system for classifying goods. This is where HS codes come into play. HS Code 62029990 refers to women's or girls' anoraks, wind-breakers, and similar articles made of textile materials (excluding wool, cotton, or man-made fibers) and containing less than 70% silk, not knitted or crocheted.
These types of garments are commonly worn to protect against wind and light rain, making them popular choices for outdoor activities. With the HS code 62029990, it becomes easier for customs authorities and traders to identify and categorize these products during import and export procedures.
Bound / MFN duty rate: 2.8%
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 is known as the Most Favored Nation (MFN) principle. In the case of HS Code 62029990, the bound duty rate is set at 2.8%. This means that importing countries may impose this duty rate on these specific products.
Quantity unit: Dozens (DOZ)
The quantity unit for HS Code 62029990 is dozens (DOZ). This unit of measurement helps in determining the quantity of anoraks, wind-breakers, and similar articles being imported or exported.
Special tariff preference programs:
These special tariff preference programs allow certain countries to enjoy preferential rates or duty-free treatment when trading in products under HS Code 62029990. For example, Australia, Bahrain, Canada (under NAFTA), Chile, the European Union, Israel, Jordan, Mexico (under NAFTA), Oman, Panama, Peru, and Singapore all provide duty-free treatment for these products. On the other hand, Morocco offers a special rate of 0.2%.
Importing US states and Exporting US states:
When it comes to importing products under HS Code 62029990 into the United States, the specific states involved in the trade can vary. Similarly, the exporting states from the US for these products can also vary. The choice of importing and exporting states depends on various factors such as market demand, production capabilities, and trade agreements between countries.
HS Code 62029990 covers women's or girls' anoraks, wind-breakers, and similar articles made of textile materials with specific composition requirements. With the help of this HS code, countries can effectively classify and regulate the import and export of these products. It is also important to consider the applicable duty rates and any special tariff preference programs that may be available, as they can have a significant impact on international trade in this product category.