Brassieres are an essential undergarment for women, providing support and comfort throughout the day. The HS Code 62121050 specifically refers to brassieres that contain lace, net, or embroidery, and are made with less than 70% silk or silk waste. These brassieres can be either knitted or crocheted, adding to the intricacy and beauty of their design.
When it comes to international trade, countries often have specific regulations and duties in place to govern the import and export of goods. The bound or Most Favored Nation (MFN) duty rate for HS Code 62121050 is 16.9%. This means that every time 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.
The quantity unit for brassieres under HS Code 62121050 is measured in dozens (DOZ). This unit of measurement allows for easy tracking and calculation of the number of brassieres being imported or exported.
There are also special tariff preference programs in place for this HS Code. Some countries offer free trade benefits for brassieres containing lace, net, or embroidery with less than 70% silk or silk waste. These countries include Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and certain products from the Dominican Republic and Central America (under DR-CAFTA). These special rates help promote trade and reduce barriers for these specific goods.
Additionally, Australia offers a special rate of 8% for brassieres under HS Code 62121050. It is important to note that there may be further details and restrictions for this rate, which can be found under tariff codes 9912.63.03 to 9912.63.05. Morocco also has a special rate for these brassieres, but further information is required to determine the specifics.
When it comes to importing brassieres under HS Code 62121050 into the United States, states like North Carolina and Ohio are prominent importers. These states recognize the value and demand for brassieres containing lace, net, or embroidery, and provide a steady market for these products.
Whether you're in the business of manufacturing or trading brassieres, understanding the HS Code 62121050 is crucial. It allows for accurate classification, calculation of duties, and compliance with international trade regulations. By staying informed about the specific requirements and special tariff programs related to this HS Code, businesses can make informed decisions and take advantage of opportunities for growth and expansion in the global marketplace.