The HS Code 62034310 refers to a specific category of clothing items: men's or boys' trousers, bib & brace overalls, breeches & shorts, made of synthetic fibers and not knitted or crocheted. These garments are required to contain 15% or more of down or other similar materials.
When it comes to international trade, countries often establish trade barriers and tariffs to protect their domestic industries. However, in order to promote free trade and ensure fair competition, countries also participate in special tariff preference programs. The HS Code 62034310 enjoys various tariff preferences under these programs.
The bound or MFN (Most Favored Nation) duty rate for this HS Code is free. This means that countries must reduce or eliminate their import duties on these clothing items whenever they lower trade barriers or open up their markets. It is a principle of reciprocity, ensuring that the same treatment is extended to all trading partners.
The quantity unit for this HS Code is dozens (DOZ), which is a common unit for measuring clothing items. It indicates that the quantity of these trousers, overalls, breeches, and shorts is typically measured in multiples of twelve.
Under special tariff preference programs, the HS Code 62034310 enjoys free or reduced import duties in specific countries. The following countries offer duty-free treatment for this code: Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
In addition to these countries, Australia (AU) offers an 8% special rate for the import of these clothing items. It is important to note that there is a specific tariff range (9912.62.22-9912.62.24) related to this HS Code for Morocco (MA).
Importing data shows that the states within the United States that frequently import products under the HS Code 62034310 are Vermont, Arkansas, Maine, Mississippi, Nevada, and North Carolina. These states have a demand for men's or boys' trousers, bib & brace overalls, breeches & shorts made of synthetic fibers with a significant down content.
On the other hand, the data does not specify the exporting states within the United States for this particular HS Code.
The HS Code 62034310 plays a vital role in international trade by facilitating the import and export of men's or boys' trousers, bib & brace overalls, breeches, and shorts made of synthetic fibers. The various tariff preference programs and the bound duty rate of free ensure fair and competitive trade practices among countries.