HS Code 62121070 - Brassieres made of silk
Brassieres are an essential garment for women, providing support, comfort, and style. The HS Code 62121070 specifically refers to brassieres that do not contain lace, net, or embroidery, but are made with 70% or more by weight of silk or silk waste. These brassieres can be either knitted or crocheted, adding to their versatility and appeal.
When it comes to international trade, every country has to abide by certain regulations and duty rates. The bound or Most Favored Nation (MFN) duty rate for brassieres under HS Code 62121070 is 2.7%. This means 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 ensures fair and equal treatment for all participants in international trade.
The quantity unit for brassieres under this HS Code is dozens (DOZ). This unit of measurement simplifies the calculation and tracking of trade volumes, making it easier for businesses and governments to monitor imports and exports of brassieres.
There are also special tariff preference programs in place for brassieres under HS Code 62121070. In several countries, including Australia, Bahrain, Canada, Chile, the European Union, Israel, Japan, Jordan, Mexico, Oman, Peru, Singapore, and the United States, these brassieres can be imported duty-free. This provides an incentive for businesses to engage in trade and promotes economic cooperation between nations.
In the United States, some states are major importers of brassieres under HS Code 62121070. North Carolina and Ohio are two such states that have a significant demand for these silk brassieres. These states recognize the value and quality of silk brassieres and contribute to the overall trade volume of this product.
On the exporting side, it is not specified which states are the major exporters of brassieres under this HS Code. However, it is safe to assume that states with a strong textile industry, such as California, New York, and Texas, may play a significant role in exporting these brassieres to countries around the world.
HS Code 62121070 represents brassieres made of silk or silk waste, without lace, net, or embroidery. These brassieres can be knitted or crocheted and are subject to a bound or MFN duty rate of 2.7%. However, several countries have special tariff preference programs in place, allowing for duty-free importation. The quantity unit for tracking trade is dozens, and certain US states, such as North Carolina and Ohio, are major importers of these silk brassieres. Overall, this HS Code facilitates international trade and promotes the exchange of high-quality brassieres worldwide.
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