Hats and headgear are an essential part of our everyday lives. They not only serve as a fashion statement but also provide protection from the sun, cold weather, and other elements. The HS Code 65059060 specifically refers to hats and headgear made from man-made fibers (MMF), which are knitted or crocheted or made up from knitted or crocheted fabrics, and are not in part of braid.
When it comes to international trade, the HS Code plays a crucial role in classifying goods for customs purposes. It helps in identifying the specific product and determining the applicable duties and tariffs. In the case of HS Code 65059060, the bound or most-favored-nation (MFN) duty rate is 20 cents/kg plus 7%. This means that for every kilogram of hats and headgear imported under this HS Code, a duty of 20 cents plus 7% of the value will be levied.
It is important to note that trade barriers and market access can vary from country to country. However, the principle of most-favored-nation treatment ensures that every country must lower its trade barriers or open up its market for the same goods or services from all its trading partners. This promotes fair and non-discriminatory trade practices.
The quantity unit for hats and headgear under HS Code 65059060 is dozens (DOZ). This unit is commonly used in international trade to simplify the calculation and documentation process. It allows for easy measurement and tracking of the quantity of goods being imported or exported.
There are also special tariff preference programs available for hats and headgear under HS Code 65059060. These programs provide certain countries with preferential treatment, either through duty-free access or reduced tariffs. Some of the special tariff preference programs applicable to this HS Code include:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide incentives for importers and exporters to engage in trade activities, thereby boosting economic growth and development.
When it comes to importing hats and headgear under HS Code 65059060, the United States accepts imports from various countries. Some of the major exporting US states for this HS Code include:
These states play a significant role in the international trade of hats and headgear and contribute to the overall economic prosperity of the United States.
HS Code 65059060 encompasses hats and headgear made from man-made fibers, which are knitted or crocheted or made up from knitted or crocheted fabrics, and not in part of braid. It is important for importers, exporters, and customs authorities to understand the specific requirements and regulations associated with this HS Code. The bound / MFN duty rate, quantity unit, and special tariff preference programs determine the applicable duties and tariffs for hats and headgear imported under this HS Code. By adhering to the principles of fair trade and taking advantage of special tariff preference programs, countries can foster economic growth and strengthen their trade relationships.