When it comes to international trade, it is essential to have a standardized system for classifying products. This is where the Harmonized System (HS) Code comes into play. The HS Code 62046990 refers to women's or girls' trousers, bib and brace overalls, breeches, and shorts, made of textile materials, not knitted or crocheted.
Understanding the HS Code is crucial for importers and exporters as it helps in identifying and categorizing products for customs purposes. It ensures uniformity and clarity in international trade transactions. Let's delve deeper into the details of HS Code 62046990 and explore its implications.
The product covered by HS Code 62046990 includes a wide range of clothing items for women and girls, such as trousers, bib and brace overalls, breeches, and shorts. These garments are made of textile materials but specifically exclude those that are knitted or crocheted. This distinction is essential as it helps differentiate between different types of fabrics and manufacturing techniques.
Bound / MFN duty rate refers to the maximum tariff rate that a country can impose on imported goods. For HS Code 62046990, the bound / MFN duty rate is 2.8%. This means that any country importing these products may have to pay a tariff of 2.8% of the product's value.
It is important to note that trade barriers can be lowered or markets can be opened up, but any changes must be applied uniformly to all trading partners. This principle ensures fair trade practices and prevents discrimination among countries.
The quantity unit for HS Code 62046990 is dozens (DOZ). This unit of measurement is commonly used in the textile and garment industry to quantify the number of items. In this case, the products are measured and traded in multiples of dozens.
Special tariff preference programs aim to promote trade and provide certain countries or products with preferential treatment in terms of duty rates. For HS Code 62046990, the following special tariff preference programs apply:
Under these programs, the specified countries enjoy duty-free treatment when importing women's or girls' trousers, bib and brace overalls, breeches, and shorts falling under HS Code 62046990. This encourages trade and strengthens economic relations between the participating countries.
When it comes to importing products classified under HS Code 62046990, certain states in the United States are prominent importers. The following states have been identified as major importers:
These states play a significant role in the importation and distribution of women's or girls' trousers, bib and brace overalls, breeches, and shorts covered by HS Code 62046990. Importers and exporters should take note of these states as potential markets or trading partners.
While the data provided does not specify the exporting states in the United States for HS Code 62046990, it is important to consider the global trade dynamics. The United States is a major player in the global textile industry and exports various textile products to countries around the world.
Exporting states in the United States may vary depending on factors such as manufacturing capabilities, market demand, and trade agreements. It is essential for exporters to identify potential markets and understand the trade policies and preferences of different countries when exporting products falling under HS Code 62046990.
HS Code 62046990 represents a specific category of women's or girls' trousers, bib and brace overalls, breeches, and shorts made of textile materials, excluding those that are knitted or crocheted. Understanding the HS Code and its implications is crucial for importers and exporters involved in international trade. By adhering to the specified duty rates and taking advantage of special tariff preference programs, businesses can optimize their trade activities and foster economic growth.