When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying various products. In this article, we will delve into the details of HS Code 62079130, which pertains to men's or boys' singlets and other undershirts made of cotton. We will explore its product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states involved.
The HS Code 62079130 specifically refers to men's or boys' singlets and other undershirts that are not knitted or crocheted. These undershirts are made of cotton, a popular fabric known for its comfort and breathability. This product category encompasses various styles and designs of undershirts, catering to the needs and preferences of men and boys worldwide.
The bound or Most Favored Nation (MFN) duty rate for HS Code 62079130 is 6.1%. The MFN principle ensures that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate applies to every import of men's or boys' singlets and undershirts of cotton, regardless of the country of origin.
The quantity unit for HS Code 62079130 is dozens (DOZ). This means that the products are measured and traded in multiples of twelve. It provides a standardized unit for both importers and exporters to determine the quantity of men's or boys' singlets and undershirts being traded.
There are several special tariff preference programs associated with HS Code 62079130. These programs offer reduced or zero tariff rates for specific countries. Let's take a closer look at them:
These special tariff preference programs promote trade and strengthen economic relationships between countries by facilitating the importation of men's or boys' singlets and undershirts at lower tariff rates.
HS Code 62079130 involves the importation and exportation of men's or boys' singlets and undershirts of cotton to and from various US states. While the specific states can vary based on trade agreements and market dynamics, some common importing and exporting US states for this product category include:
These states actively engage in the trade of men's or boys' singlets and undershirts, contributing to the overall import and export statistics of HS Code 62079130.
HS Code 62079130 encompasses men's or boys' singlets and other undershirts made of cotton. It is essential to understand the product description, duty rates, quantity units, special tariff preference programs, and the involvement of importing and exporting US states to navigate the international trade landscape effectively. By leveraging the HS Code system, countries can facilitate trade and foster economic growth while ensuring fair and consistent treatment for all trading partners.