The HS Code 71104900 refers to the classification of iridium, osmium, and ruthenium in semimanufactured forms. This code helps in the identification and categorization of these specific products for trade and customs purposes. Understanding the HS code system is crucial for importers, exporters, and customs officials to ensure accurate classification and proper assessment of duties and tariffs.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) duty rate plays an important role. According to the data provided, the MFN duty rate for products under HS Code 71104900 is free. This means that there are no additional duties or tariffs imposed on these products when imported or exported.
It is worth noting that certain countries have special tariff preference programs for products classified under HS Code 71104900. These programs provide specific benefits and concessions to promote trade between the participating countries. Some of the countries offering special tariff preferences for these products include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic, Central American countries (under DR-CAFTA), Peru, and Singapore.
Now, let's take a closer look at the importing and exporting patterns of products under HS Code 71104900 in the United States. Based on the data provided, the top importing states for these products are Nevada, New York, Connecticut, Florida, Utah, Delaware, Massachusetts, Idaho, and Pennsylvania.
On the other hand, the top exporting states for products under HS Code 71104900 are New York, California, Nevada, Virgin Islands, Rhode Island, New Mexico, Florida, Massachusetts, and Pennsylvania.
It is interesting to observe that New York appears as both a top importing and exporting state for these products, indicating a significant role in the trade of iridium, osmium, and ruthenium in semimanufactured forms.
HS Code 71104900 classifies iridium, osmium, and ruthenium in semimanufactured forms for trade and customs purposes. The code helps in accurate classification, assessment of duties and tariffs, and tracking of import and export data. Understanding the HS code system is essential for businesses and customs authorities to facilitate smooth trade operations and compliance with international trade regulations.