Sports and athletic footwear are essential for individuals who engage in various physical activities, such as running, basketball, soccer, and more. HS Code 64041180 specifically refers to sports and athletic footwear with outer soles made of rubber or plastics and uppers made of textile materials. This HS code is applicable to footwear valued over $6.50 but not exceeding $12 per pair.
When it comes to international trade, countries implement various trade barriers and tariffs to protect their domestic industries or regulate imports. The bound or Most Favored Nation (MFN) duty rate for products classified under HS Code 64041180 is 90 cents per pair.
Additionally, under the principle of "most favored nation," 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. This principle ensures fair and equal treatment among trading nations.
The quantity unit for this HS code is pairs (PRS), as it represents the number of footwear pairs imported or exported.
Several special tariff preference programs exist for sports and athletic footwear classified under HS Code 64041180. These programs aim to promote trade and economic cooperation between countries by providing reduced or duty-free treatment for certain goods. The following countries and regions enjoy special tariff preferences:
These special tariff preference programs vary in their eligibility criteria and the extent of tariff reduction or elimination. It is important for importers and exporters to understand the specific requirements and benefits associated with each program to maximize their trade opportunities.
For businesses or individuals based in the United States, the following states are known for importing sports and athletic footwear classified under HS Code 64041180:
These states have a demand for sports and athletic footwear, and importers can strategically target these markets to expand their business opportunities.
When it comes to exporting sports and athletic footwear from the United States, businesses located in any state can engage in international trade. However, it is essential to consider market demand, competition, and export regulations to ensure successful export operations.
HS Code 64041180 covers sports and athletic footwear with rubber or plastic outer soles and textile uppers. This code is significant for importers, exporters, and traders involved in the global sports footwear market. Understanding the applicable duty rates, special tariff preference programs, and target markets can help businesses make informed decisions and capitalize on international trade opportunities.