When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products. HS Code 62034210 specifically refers to men's or boys' trousers, overalls, and shorts made of cotton, which contain 10 to 15% or more by weight of down. Let's delve deeper into the details of this HS code and explore its implications in global trade.
Bound / MFN Duty Rate: Free
The Bound / MFN (Most Favored Nation) duty rate for products falling under HS Code 62034210 is free. This means that countries are not required to impose any customs duties or tariffs when importing these products. It facilitates the smooth flow of trade and encourages countries to lower trade barriers and open up their markets.
Quantity Unit: Dozens (DOZ)
The quantity unit for measuring products under HS Code 62034210 is dozens. This unit provides a standardized measurement for trading and allows for ease of calculation and documentation.
Special Tariff Preference Programs:
These special tariff preference programs provide specific countries with preferential treatment in terms of reduced or no customs duties. It aims to promote trade relations between countries and encourage economic cooperation.
Importing US States:
The importing US states mentioned above have been recorded as the destinations for the products classified under HS Code 62034210. These states play a significant role in the importation and distribution of men's or boys' trousers, overalls, and shorts made of cotton with down.
Exporting US States: [Data not provided]
While the data for exporting US states is not available, it is important to note that the United States is a major player in the international trade of textile products. The exporting US states would contribute to the global supply of men's or boys' trousers, overalls, and shorts made of cotton with down.
HS Code 62034210 encompasses men's or boys' trousers, overalls, and shorts made of cotton with a significant percentage of down. This HS code facilitates international trade by providing clarity in product classification and offering preferential tariff treatment to certain countries. Understanding the details of HS codes is essential for businesses and policymakers involved in global trade.