Footwear is an essential part of our daily lives, providing both comfort and style. One particular type of footwear that stands out is the one classified under HS Code 64032000. This HS code refers to footwear with outer soles made of leather and uppers consisting of leather straps across the instep and around the big toe.
When it comes to international trade, understanding the HS code system is crucial. The HS code serves as a standardized classification for products, allowing countries to classify and categorize traded goods. This system ensures uniformity and consistency in international trade.
The product described under HS Code 64032000 is a unique type of footwear. It features leather straps that provide support and stability to the wearer's foot. These straps are designed to cross over the instep and around the big toe, providing a secure fit and allowing for easy adjustment.
The outer soles of these shoes are made of leather, which offers durability and traction. Leather soles are known for their longevity and ability to conform to the shape of the wearer's foot over time, providing a comfortable and personalized fit.
Under the World Trade Organization (WTO) rules, countries are obligated to apply the most-favored-nation (MFN) principle. This principle states that every time 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 MFN duty rate for footwear classified under HS Code 64032000 is free. This means that countries cannot impose any customs duties or tariffs on the import of these goods. The free duty rate promotes trade and facilitates the flow of these particular types of footwear across borders.
The quantity unit for footwear classified under HS Code 64032000 is pairs (PRS). This unit indicates that the footwear is typically traded and measured in pairs. It provides a standardized unit of measurement for both importers and exporters, facilitating the calculation of quantities and pricing.
Some countries have established special tariff preference programs that offer favorable duty rates for specific goods. In the case of footwear classified under HS Code 64032000, several countries provide special rates or duty-free treatment. These programs aim to promote trade and strengthen economic ties between countries.
The countries that offer special tariff preference programs for footwear with leather soles and straps include:
These special tariff preference programs aim to reduce or eliminate customs duties on the import of footwear, making them more affordable and accessible to consumers.
For those interested in importing footwear classified under HS Code 64032000 to the United States, it is important to consider the specific states that engage in such trade. The following US states have been identified as importers of this type of footwear:
These states play a significant role in the importation and distribution of footwear with leather soles and straps, contributing to the availability and variety of these products within the US market.
HS Code 64032000 encompasses a unique type of footwear with leather soles and straps across the instep and around the big toe. This HS code is used to classify and categorize these products in international trade. Understanding the details and implications of this HS code is essential for importers, exporters, and consumers alike, as it provides important information about duty rates, quantity units, and special tariff preference programs.