HS Code 64029970: An Extensive Guide to Footwear with Outer Soles & Uppers of Rubber or Plastics
Footwear is an essential part of our daily lives, providing comfort, protection, and style. Among the various types of footwear available, one category that stands out is footwear with outer soles and uppers made of rubber or plastics. This is where HS Code 64029970 comes into play.
HS Code 64029970 refers to footwear that does not cover the ankle and is valued over $3 but not exceeding $6.50 per pair. It is important to understand the significance of HS codes as they are used internationally for classifying products in trade transactions. These codes are standardized and recognized globally, facilitating smoother trade and ensuring accurate identification of goods.
The bound or most-favored-nation (MFN) duty rate for footwear under HS Code 64029970 is 90 cents per pair, along with an additional 37.5% duty rate. This means that when importing footwear falling under this HS code, a duty of 90 cents per pair must be paid, in addition to 37.5% of the total value.
Furthermore, it is worth noting that when 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 of non-discrimination ensures fair and equal treatment in international trade.
The quantity unit for footwear under HS Code 64029970 is pairs (PRS). This unit helps in determining the quantity of footwear being imported or exported.
In addition to the standard duty rates, there are special tariff preference programs available for footwear under HS Code 64029970. These programs provide certain countries with preferential treatment, such as duty-free or reduced-duty rates. The countries eligible for these special rates include:
- Australia (Free)
- Bahrain (Free)
- Canada under NAFTA (Free)
- Chile (Free)
- European Union (Free)
- Israel (Free)
- Japan (Free)
- Jordan (Free)
- Morocco (Free)
- Mexico under NAFTA (Free)
- Oman (Free)
- Peru (Free)
- Singapore ($27/pr. + 11.2%)
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating duties on specific goods.
When it comes to importing footwear under HS Code 64029970 to the United States, specific states have been identified as major importers. These states include Arkansas and Kansas. This information is valuable for importers looking to target specific regions within the United States for their footwear exports.
On the other hand, it is essential to consider the exporting states within the United States. Unfortunately, the provided data does not include information about the exporting states for footwear under HS Code 64029970. However, it is worth noting that various states within the United States are known for their footwear manufacturing and export capabilities. States like California, Texas, and New York have a significant presence in the footwear industry, exporting various types of footwear globally.
HS Code 64029970 encompasses a specific category of footwear with outer soles and uppers made of rubber or plastics. Understanding this HS code is crucial for importers, exporters, and anyone involved in the footwear trade. The bound duty rate, special tariff preference programs, quantity unit, and information about specific importing and exporting states provide valuable insights for businesses operating in this industry. By staying updated and informed about HS codes and the associated regulations, stakeholders can navigate international trade more effectively and maximize their business opportunities.
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