Glassware for table or kitchen purposes is a versatile category that includes various items used for serving, cooking, and dining. The HS code 70134940 specifically refers to glassware that is not drinking glasses, but rather those that are cut or engraved. These products are valued over $5 each, indicating their quality and craftsmanship.
When it comes to international trade, the HS code plays a crucial role in classifying goods for customs purposes. It helps determine the applicable tariff rates, trade barriers, and any special tariff preferences that may be available for certain countries.
The bound or Most Favored Nation (MFN) duty rate for HS code 70134940 is 7.2%. The MFN principle ensures 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. This promotes fair and equitable trade practices.
The quantity unit for HS code 70134940 is measured in numbers (NO), indicating the count of individual glassware items being imported or exported.
Several special tariff preference programs apply to glassware for table or kitchen purposes (HS code 70134940). These programs provide preferential treatment in terms of duty rates for imports from specific countries. Here are some of the notable programs:
These special tariff preference programs aim to promote trade and economic development by providing duty-free or reduced-duty treatment to eligible countries.
When importing glassware for table or kitchen purposes (HS code 70134940) into the United States, it is essential to consider the exporting US states. The origin of the product can impact trade agreements, transportation costs, and overall supply chain logistics. Similarly, knowing the importing US states can help exporters target specific markets and tailor their marketing and distribution strategies accordingly.
HS code 70134940 encompasses glassware for table or kitchen purposes that are cut or engraved and valued over $5 each. Understanding the HS code, its associated duty rates, and special tariff preference programs is crucial for importers and exporters in navigating international trade regulations and maximizing trade opportunities.