When it comes to international trade, it is essential to have a standardized system to classify products. The Harmonized System (HS) Code provides this classification, allowing countries to coordinate and regulate their imports and exports. In this article, we will delve into the HS Code 62139020, which pertains to handkerchiefs made of textile materials, not knitted or crocheted, and other essential information related to it.
The product description of HS Code 62139020 states that it encompasses handkerchiefs made of textile materials, excluding those that are knitted or crocheted. These handkerchiefs can be made from various types of textiles, including cotton, linen, or silk. The term "nesoi" stands for "not elsewhere specified or included," indicating that this code covers handkerchiefs that do not fall under any other specific HS Code within the textile category.
The bound / MFN (Most Favored Nation) duty rate for HS Code 62139020 is 5.3%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate of 5.3% to imports of handkerchiefs falling under this HS Code from all its trading partners. The purpose of the MFN principle is to ensure non-discriminatory treatment among trading partners.
The quantity unit for HS Code 62139020 is dozens (DOZ). This unit denotes that handkerchiefs are typically traded and measured in multiples of twelve. So, when importing or exporting handkerchiefs, the quantity will be specified in dozens.
Several countries have implemented special tariff preference programs for handkerchiefs falling under HS Code 62139020. These programs offer different tariff rates or even duty-free treatment to promote trade and economic cooperation. Here are some examples:
These special tariff preference programs aim to facilitate international trade and strengthen economic ties between countries. Handkerchief exporters and importers can take advantage of these programs to benefit from reduced or eliminated tariff rates.
While the HS Code provides a standardized system for international trade, it is also important to consider the specific regions or states involved in the trade. For HS Code 62139020, the following US states have been identified as importing handkerchiefs:
These states have shown a demand for handkerchiefs falling under HS Code 62139020, indicating potential market opportunities for exporters targeting these regions.
While the available data does not provide specific information about the US states involved in exporting handkerchiefs under HS Code 62139020, it is important to note that the United States is a significant player in the global textile trade. Various states, such as California, Texas, and New York, are known for their textile manufacturing and exporting capabilities. Therefore, it is likely that handkerchiefs falling under this HS Code are exported from multiple US states.
HS Code 62139020 covers handkerchiefs made of textile materials, not knitted or crocheted. It is essential for international trade and customs purposes to classify products accurately using the HS Code system. The bound / MFN duty rate for this HS Code is 5.3%, and the quantity unit is dozens. Various countries have implemented special tariff preference programs, offering reduced or duty-free treatment for handkerchiefs falling under this HS Code. Importers and exporters can benefit from these programs to enhance their trade opportunities. Additionally, specific US states, such as North Carolina and Ohio, have been identified as importing handkerchiefs falling under this HS Code. Overall, understanding the HS Code 62139020 and related information can assist businesses in navigating the international trade landscape and exploring potential markets.