When it comes to international trade, it is important to have a standardized system in place to classify and identify different products. The Harmonized System (HS) is an internationally recognized system used for this purpose. One such HS code is 62032930, which is assigned to men's or boys' ensembles of textile materials.
The product description for HS code 62032930 specifies that it refers to ensembles that are not knitted or crocheted. This means that the garments included in this category are made from various types of textiles, such as cotton, polyester, or wool, but are not constructed using knitting or crocheting techniques.
The bound / most favored nation (MFN) duty rate is an important factor to consider when importing or exporting products under HS code 62032930. The MFN duty rate is the rate applicable to each garment in the ensemble if it is separately entered. This means that each individual garment within the ensemble will be subject to this duty rate.
Trade agreements and special tariff preference programs can also affect the duty rates for products under HS code 62032930. Some countries have negotiated free trade agreements or preferential treatment for certain products. For example, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, Australia, and Morocco have special tariff preference programs in place for ensembles in this category. This means that the duty rate for each garment in the ensemble will be free or reduced when imported from or exported to these countries.
It is worth noting that not all US states may have the same level of demand or import volume for ensembles under HS code 62032930. Based on the available data, it seems that Vermont is the only state listed as an importing state for this product category. This information can be useful for businesses looking to target specific states for their exports or imports.
Overall, HS code 62032930 refers to men's or boys' ensembles of textile materials that are not knitted or crocheted. The duty rates for these ensembles can vary depending on whether they are separately entered or fall under special tariff preference programs. It is important for businesses engaged in international trade to be aware of these factors and stay updated on any changes in trade agreements or tariff rates.