The HS Code 74091950 refers to a specific category of copper products: refined copper plates, sheets, and strip. These products are not in coils and have a thickness of over 0.15mm but less than 5mm. Additionally, they have a width of 500mm or more. This HS code helps to classify and identify these specific copper products for international trade purposes.
When it comes to trade barriers and market access, the bound or Most Favored Nation (MFN) duty rate for this HS code is 1%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit used for this HS code is kilograms (KG). This standard unit of measurement helps to accurately calculate and track the amount of refined copper plates, sheets, and strip being imported or exported.
There are also several special tariff preference programs available for this HS code. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these special rates are:
When it comes to importing, several US states engage in trade of refined copper plates, sheets, and strip under this HS code. These states are:
On the other hand, the exporting US states for this HS code include:
The HS Code 74091950 plays a crucial role in international trade by providing a standardized classification for refined copper plates, sheets, and strip. It enables countries to effectively track and regulate the import and export of these specific copper products, while also ensuring fair trade practices through the bound or MFN duty rate.