Men's fashion has evolved significantly over the years, and trousers are an essential part of any man's wardrobe. When it comes to importing or exporting men's or boys' trousers and breeches, it is important to understand the HS Code 62034335. This code is used to classify trousers and breeches made of synthetic fibers that are not knitted or crocheted and are water-resistant. In this article, we will explore the details of this HS Code and its implications for trade.
The HS Code 62034335 refers to men's or boys' trousers and breeches made of synthetic fibers. These trousers are not knitted or crocheted and are water-resistant. The code provides a specific classification for these garments, allowing for easy identification and categorization in international trade.
The bound or most-favored-nation (MFN) duty rate for HS Code 62034335 is 7.1%. The MFN duty rate is the rate applied to imports from a particular country that is a member of the World Trade Organization (WTO). It ensures that when a country lowers a trade barrier or opens up a market, it does so for the same goods or services from all its trading partners.
For example, if the United States reduces its import duty on men's or boys' trousers and breeches of synthetic fibers from one country, it must do the same for all WTO member countries. This principle promotes fair and equitable trade practices among countries.
The quantity unit for HS Code 62034335 is dozens (DOZ). This unit of measurement is commonly used in international trade to indicate the number of items being imported or exported. In the case of men's or boys' trousers and breeches, the quantity unit helps in determining the volume and value of the trade transaction.
Several countries have special tariff preference programs for men's or boys' trousers and breeches of synthetic fibers, classified under HS Code 62034335. These programs provide preferential treatment in terms of duty rates for imports from specific countries. Some of the special tariff preference programs for this HS Code include:
These special tariff preference programs aim to promote trade between countries and provide incentives for importing goods from specific regions. Importers should take advantage of these programs to reduce costs and enhance competitiveness in the market.
When it comes to importing men's or boys' trousers and breeches of synthetic fibers classified under HS Code 62034335, certain US states are more active than others. Based on the available data, the following US states have been identified as major importers:
These states have shown consistent import activity in this product category, indicating a potential market for suppliers and manufacturers.
While the data provided does not specify the exporting US states for men's or boys' trousers and breeches of synthetic fibers, it can be assumed that the states with active import activity are also likely to have exporting activity. Therefore, Vermont, Arkansas, Maine, Mississippi, Nevada, and North Carolina may also be potential exporting states for this product category.
HS Code 62034335 plays a crucial role in the classification and trade of men's or boys' trousers and breeches made of synthetic fibers. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and import/export trends associated with this HS Code can help businesses make informed decisions and capitalize on opportunities in the global market.