HS Code 64031940: Sports Footwear for Men and Boys
Sports footwear has become an essential part of our lives, providing comfort and support during various physical activities. One specific category of sports footwear is captured under HS Code 64031940. This code refers to sports footwear for men, youths, and boys, with outer soles made of rubber, plastics, leather, or composite leather, and uppers made of leather. These shoes do not have a welt construction.
When it comes to international trade, the HS code plays a crucial role in categorizing and identifying products. The HS code 64031940 is used to classify and track the import and export of sports footwear falling under this category. It helps customs authorities and trade organizations to monitor the flow of goods and enforce applicable trade regulations.
The bound or most-favored nation (MFN) duty rate for HS Code 64031940 is 4.3%. 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. The duty rate ensures fair and equal treatment for all countries involved in international trade.
The unit of quantity for sports footwear classified under HS Code 64031940 is pairs (PRS). This unit helps in accurately measuring and documenting the number of sports footwear units being imported or exported.
In addition to the duty rate, there are special tariff preference programs available for countries importing sports footwear under HS Code 64031940. These programs provide certain countries with preferential treatment or duty-free access to the US market. Some of the special tariff preference programs applicable to this HS code include:
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada (duty-free treatment)
- Chile Special Rate
- Africa Growth and Opportunity Act (AGOA) (duty-free treatment)
- Caribbean Basin Initiative (CBI)
- Israel Special Rate (duty-free treatment)
- Andean Trade Promotion and Drug Eradication Act (ATPDEA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Caribbean Basin Trade Partnership Act (CBTPA)
- Singapore Special Rate
These special tariff preference programs aim to promote trade and economic cooperation between the US and participating countries. They provide incentives for countries to engage in trade and facilitate the growth of specific industries.
When it comes to importing sports footwear under HS Code 64031940, certain US states are more active in this trade. These states include Arkansas and Kansas. These states have shown a consistent demand for sports footwear, indicating a strong market for this product category.
HS Code 64031940 represents sports footwear for men, youths, and boys with specific characteristics regarding the materials used in their construction. This code helps in classifying, tracking, and regulating the import and export of these products. The duty rate, special tariff preference programs, and active US states in importing this footwear further contribute to understanding the dynamics of this trade.
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