Copper alloys are versatile and widely used in various industries due to their excellent thermal and electrical conductivity, corrosion resistance, and aesthetic appeal. One specific type of copper alloy covered by HS Code 74099050 includes plates, sheets, and strips with a thickness greater than 0.15mm but less than 5mm and a width of 500mm or more. This article will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product covered by HS Code 74099050 refers to copper alloys that are not classified as brass, bronze, cupro-nickel, or nickel silver. These alloys are commonly used in the manufacturing of various products such as electrical components, heat exchangers, architectural elements, and decorative items. The specified thickness range ensures that the plates, sheets, and strips are suitable for specific applications that require a certain level of durability and flexibility.
The bound / MFN (Most Favored Nation) duty rate for HS Code 74099050 is 1.7%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the import of copper alloy plates, sheets, and strips from all its trading partners. This principle promotes fairness and equal treatment in international trade.
The quantity unit for HS Code 74099050 is kilograms (KG). This unit of measurement is commonly used in international trade to accurately determine the weight of imported or exported goods. It allows for consistency and transparency in trade transactions, ensuring that both buyers and sellers have a clear understanding of the quantity being traded.
Several special tariff preference programs offer favorable treatment for the import of copper alloy plates, sheets, and strips under HS Code 74099050. These programs aim to promote economic development, encourage trade, and strengthen diplomatic ties between countries. The following countries and regions provide special tariff preferences for this product:
These special tariff preference programs enable importers and exporters to benefit from reduced or eliminated duties, enhancing competitiveness and facilitating trade relationships between the countries involved.
HS Code 74099050 is relevant to both importing and exporting activities involving copper alloy plates, sheets, and strips. Various US states engage in the import and export of these products, contributing to the domestic and international copper alloy trade. Some notable importing US states include California, Texas, New York, Illinois, and Florida. Similarly, significant exporting US states include Arizona, Utah, Nevada, Montana, and New Mexico. The trade of copper alloy products plays a vital role in supporting job creation, economic growth, and technological advancements in these states and across the United States.
HS Code 74099050 covers copper alloys in the form of plates, sheets, and strips with specific thickness and width specifications. The product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code provide valuable information for importers, exporters, and trade policymakers. Understanding the intricacies of this HS code helps facilitate international trade and ensures fair treatment for all trading partners involved in the import and export of copper alloy plates, sheets, and strips.