The HS Code 62046310 refers to women's or girls' trousers, bib & brace overalls, breeches, and shorts that are not knitted or crocheted. These garments are made of synthetic fibers and contain 15% or more of down or other materials.
When it comes to international trade, HS codes are used to classify products for customs purposes. They provide a standardized system for identifying and categorizing goods, making it easier for countries to track imports and exports. The HS code 62046310 specifically identifies this particular type of clothing for women and girls.
One important aspect of trade is the bound or Most Favored Nation (MFN) duty rate. This rate represents the maximum tariff or duty that a country can charge on a particular product. In the case of HS code 62046310, the bound or MFN duty rate is free. This means that there are no tariffs or duties imposed on this type of garment when it is imported or exported.
Many countries also participate in special tariff preference programs, which can provide certain benefits or exemptions for specific products. For HS code 62046310, there are several countries that offer special tariff rates. These include Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore. These countries either provide duty-free treatment or a reduced tariff rate for this particular type of garment.
For example, Bahrain, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore all offer duty-free treatment for women's or girls' trousers, bib & brace overalls, breeches, and shorts classified under HS code 62046310. Canada provides duty-free treatment under the North American Free Trade Agreement (NAFTA). Australia, on the other hand, imposes an 8% tariff rate for these products.
In the United States, the states that import the most women's or girls' trousers, bib & brace overalls, breeches, and shorts under HS code 62046310 are New York, Pennsylvania, and Virginia. These states have a high demand for these garments and play a significant role in the import market for this particular product.
Overall, HS code 62046310 identifies a specific category of women's or girls' trousers, bib & brace overalls, breeches, and shorts made of synthetic fibers. This code allows for easy classification and tracking of these products in international trade. Understanding the bound or MFN duty rate, as well as special tariff preference programs, can help importers and exporters navigate the global market for these garments.