In the world of international trade, goods are classified using a system called the Harmonized System (HS). The HS code 62179010 refers to parts of garments or clothing accessories that are made of silk or silk waste and contain 70% or more silk by weight. It is important to note that this HS code excludes items classified under HS code 6212.
When importing or exporting products under HS code 62179010, it is crucial to understand the relevant trade policies and tariffs. The bound or most-favored-nation (MFN) duty rate for this HS code is 2.3%. 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 principle ensures fair and non-discriminatory trade practices.
The quantity unit for products classified under HS code 62179010 is dozens (DOZ). This unit of measurement is commonly used in the textile and garment industry to facilitate trade and recordkeeping.
Various special tariff preference programs exist for products falling under HS code 62179010. These programs provide preferential treatment or reduced tariffs for specific countries. The following countries enjoy duty-free treatment for importing goods under this HS code: Australia (AU), Bahrain (BH), Canada (CA) under the North American Free Trade Agreement (NAFTA), Chile (CL), the European Union (E), Israel (IL), Japan (J), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), Singapore (SG).
In addition, Morocco (MA) enjoys a special rate of 0.3% for importing goods under HS code 62179010. This special rate reflects the specific trade agreement between the United States and Morocco.
It is important to note that the specific tariff rates and preference programs may change over time. Importers and exporters are advised to consult the latest regulations and trade agreements to ensure accurate and up-to-date information.
When importing goods under HS code 62179010 into the United States, it is essential to consider the specific states involved in the trade. The exporting states refer to the countries from which the goods are shipped, while the importing states denote the U.S. states where the goods are destined. The specific importing and exporting states may impact factors such as transportation logistics, customs procedures, and local regulations.
Overall, understanding the details and implications of HS code 62179010 is crucial for businesses engaged in the international trade of silk garments and clothing accessories. Adhering to the correct classification and complying with relevant trade policies and tariffs can ensure smooth and successful import-export operations.