When it comes to international trade, every country has a system in place to classify products for import and export purposes. One such system is the Harmonized System (HS) code, which is used globally to identify and categorize different types of goods. In this article, we will take a closer look at HS Code 74102130, which refers to refined copper clad laminates with a thickness of 0.15mm or less, backed with a protective layer.
The product description of HS Code 74102130 provides us with specific details about the characteristics of the item being classified. In this case, it refers to copper clad laminates that have undergone a refining process to enhance their quality and performance. These laminates are then backed with a protective layer, which adds strength and durability to the final product.
One important aspect of HS codes is the duty rate associated with them. The bound or Most Favored Nation (MFN) duty rate for HS Code 74102130 is 3%. The MFN principle ensures that whenever a country reduces a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal treatment in international trade.
The quantity unit for HS Code 74102130 is square meters (M2). This unit of measurement is used to determine the area of the copper clad laminates being imported or exported. It helps in calculating the total quantity and value of the product involved in trade transactions.
There are also special tariff preference programs associated with HS Code 74102130. These programs provide certain countries with preferential treatment or duty-free access to the product. Some of the countries that enjoy these benefits include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and many others. These programs aim to promote economic cooperation and development among participating nations.
Importing and exporting of HS Code 74102130 can occur between various US states. This means that businesses and individuals within the United States can engage in trade activities involving refined copper clad laminates. Similarly, these products can be exported from the US to other states, creating opportunities for economic growth and job creation.
HS Code 74102130 covers the classification of refined copper clad laminates with a thickness of 0.15mm or less, backed with a protective layer. This HS code is important for international trade as it helps in proper identification, categorization, and regulation of the product. Understanding HS codes and their associated details is crucial for businesses, customs authorities, and individuals involved in import and export activities.