HS Code 62041910: Women's or Girls' Suits, Not Knitted or Crocheted, of Artificial Fibers, Containing 36 Percent or More of Wool or Fine Animal Hair
Women's fashion is constantly evolving, and one of the key elements of any wardrobe is a well-tailored suit. HS Code 62041910 refers to women's or girls' suits that are not knitted or crocheted and are made of artificial fibers, containing 36 percent or more of wool or fine animal hair. This code is used to categorize and track the import and export of these specific products.
When it comes to international trade, countries often establish trade barriers to protect their domestic industries. However, as part of the World Trade Organization's principles, every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved. The bound or most-favored-nation (MFN) duty rate for HS Code 62041910 is 17%.
The quantity unit for this HS code is a number (NO), which indicates the total number of suits being imported or exported.
There are also special tariff preference programs in place for this product. In some countries, these suits can be imported duty-free, while in others, a reduced duty rate applies. The list of countries and their corresponding tariff rates for HS Code 62041910 are as follows:
- Bahrain (BH): Duty-Free
- Canada (CA): NAFTA for Canada (duty-free treatment)
- Chile (CL): Duty-Free
- Israel (IL): Duty-Free
- Jordan (JO): Duty-Free
- Mexico (MX): NAFTA for Mexico
- Oman (OM): Duty-Free
- Peru (PE): Duty-Free
- Singapore (SG): Duty-Free
- Australia (AU): 8%
- Morocco (MA): 1.7%
These special tariff preference programs aim to promote trade and strengthen economic ties between the participating countries. By providing favorable tariff rates, it encourages businesses to import and export these suits, ultimately benefiting consumers with a wider variety of choices and competitive prices.
In terms of importing, the data shows that the majority of these suits are being imported to the state of Vermont. Additionally, there are smaller quantities being imported to states such as Arkansas, Maine, Mississippi, Nevada, and North Carolina.
On the other hand, the data does not provide information about the specific states that are exporting these suits. However, it is safe to assume that the exporting states would be those with a strong textile and garment industry, as they have the resources and expertise to produce these high-quality suits.
HS Code 62041910 represents women's or girls' suits made of artificial fibers, containing 36 percent or more of wool or fine animal hair. This code is used to track and regulate the import and export of these products. With the special tariff preference programs in place, countries can enjoy duty-free or reduced-duty treatment when trading these suits. By understanding and utilizing this HS code, businesses can navigate the international trade landscape more effectively and take advantage of the opportunities it presents.
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