Sports footwear plays a crucial role in providing comfort, support, and performance enhancement to athletes and sports enthusiasts. The HS Code 64021915 specifically refers to sports footwear, excluding ski footwear and golf shoes, with outer soles made of rubber or plastics, and uppers comprising more than 90% of the total surface area made of rubber or plastic material.
When it comes to international trade, HS codes are used to classify products for customs purposes. They serve as a standardized system for identifying and categorizing goods, ensuring smooth and efficient trade between countries. The HS Code 64021915 helps customs authorities and traders identify and differentiate sports footwear with specific characteristics.
The HS Code 64021915 covers a wide range of sports footwear used in various athletic activities, including running, basketball, soccer, and tennis. The presence of rubber or plastic in the outer soles ensures durability, flexibility, and traction, making them suitable for different sports surfaces and conditions.
Under the World Trade Organization (WTO) rules, countries are required to apply the same trade barriers and market access conditions for the same goods or services from all their trading partners. The bound or Most Favored Nation (MFN) duty rate for HS Code 64021915 is 5.1%. This means that countries must impose this duty rate when importing sports footwear with the specified characteristics.
However, countries may provide special tariff preference programs that reduce or eliminate the duty rates for certain trading partners. In the case of HS Code 64021915, several countries offer preferential treatment:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing trade barriers and facilitating market access. Importers and exporters dealing with HS Code 64021915 should be aware of the specific tariff rates and preferential treatment available in different trading regions.
While HS codes are primarily used for international trade, they are also relevant at the national level. In the case of the United States, the importing and exporting states for sports footwear under HS Code 64021915 include:
These states serve as major entry points for sports footwear imports, ensuring the availability of high-quality and diverse options for consumers across the country.
Information regarding the exporting states for HS Code 64021915 is not available in the provided data.
Overall, the HS Code 64021915 plays a crucial role in regulating the international trade of sports footwear with specific characteristics. It helps customs authorities, traders, and consumers identify and classify these products accurately. Importers and exporters should stay updated on the duty rates and special tariff preference programs available to leverage trade opportunities effectively.