In the world of international trade, a vast amount of products and goods are exchanged between countries. To facilitate this process, a system called the Harmonized System (HS) has been developed. The HS Code is a unique identifier that is assigned to each product, providing a standardized way of classifying and categorizing goods. In this article, we will explore the HS Code 62099020, which relates to babies' trousers, breeches, and shorts.
The HS Code 62099020 specifically refers to babies' trousers, breeches, and shorts that are made of artificial fibers and are not knitted or crocheted. It is important to note that this code excludes items that are imported as parts of sets. By using the HS Code, customs officials and traders can easily identify and classify these specific types of garments.
When it comes to importing or exporting goods, one crucial aspect to consider is the duty rate. The bound or most-favored-nation (MFN) duty rate for HS Code 62099020 is 14.9%. This means that 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. The duty rate plays a significant role in determining the cost of importing or exporting these babies' trousers, breeches, and shorts.
The quantity unit for HS Code 62099020 is dozens (DOZ). This unit of measurement is used to determine the quantity of the product being imported or exported. It provides a standardized way of quantifying the babies' trousers, breeches, and shorts, making it easier for traders and customs officials to track and record the amount of goods being traded.
Additionally, there are special tariff preference programs associated with HS Code 62099020. These programs offer reduced or eliminated duty rates for certain countries. For example, the following countries enjoy duty-free treatment for importing babies' trousers, breeches, and shorts under this HS Code: Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Furthermore, Australia (AU) has a special rate of 3% for importing these products, while Morocco (MA) has a special rate of 1.6%. These special tariff preference programs aim to promote trade and economic cooperation between countries, incentivizing the import and export of specific goods.
When it comes to the United States, the importing and exporting of babies' trousers, breeches, and shorts under HS Code 62099020 is not limited to specific states. This means that traders and businesses across the entire United States can engage in the import and export of these products, promoting domestic commerce and international trade.
the HS Code 62099020 is a specific identifier for babies' trousers, breeches, and shorts that are made of artificial fibers and are not knitted or crocheted. It provides a standardized way of classifying and categorizing these products in the world of international trade. Understanding the HS Code, duty rates, and special tariff preference programs associated with this code is essential for businesses and traders engaging in the import and export of babies' trousers, breeches, and shorts.