Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 76052900: Aluminum Alloy Wire with a Maximum Cross-Sectional Dimension of 7mm or Less

Aluminum alloy wire is a versatile and widely used material in various industries. It is known for its lightweight, corrosion resistance, and excellent conductivity. HS Code 76052900 specifically refers to aluminum alloy wire with a maximum cross-sectional dimension of 7 mm or less. This article will explore the characteristics and uses of this product, as well as any special tariff preference programs associated with it.

Product Description

The product covered by HS Code 76052900 is aluminum alloy wire. This wire is composed of aluminum mixed with other elements to enhance its properties. The maximum cross-sectional dimension of this wire is 7 mm or less, making it suitable for various applications. The alloying elements added to the aluminum can vary depending on the desired characteristics, such as strength, conductivity, and corrosion resistance.

Aluminum alloy wire is widely used in industries such as electrical engineering, automotive, construction, and aerospace. Its excellent conductivity makes it ideal for electrical wiring, cables, and connectors. The lightweight nature of aluminum alloy wire is advantageous in industries where weight reduction is crucial, such as the automotive and aerospace sectors. Additionally, its corrosion resistance properties make it suitable for outdoor applications, such as fencing and wiring in marine environments.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 76052900 is 4.2%. 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. The duty rate is applied to the value of the imported aluminum alloy wire and is subject to change based on trade agreements and negotiations between countries.

Quantity Unit

The quantity unit for aluminum alloy wire classified under HS Code 76052900 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported. It is essential for accurate record-keeping, pricing, and logistics planning.

Special Tariff Preference Programs

Aluminum alloy wire classified under HS Code 76052900 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for imports and exports of specific products. The following special tariff preference programs apply to this HS code:

• Generalized System of Preferences (GSP): This program offers duty-free treatment for eligible countries, including Australia, Bahrain, Canada, Chile, Israel, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and the Dominican Republic-Central American countries.
• Australia Special Rate: Australia has a specific special rate for imports of aluminum alloy wire, providing favorable conditions for trade between Australia and other countries.
• Bahrain Special Rate: Bahrain has a special rate for imports of aluminum alloy wire, allowing for more competitive pricing and trade opportunities.
• NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), aluminum alloy wire imports from Canada receive duty-free treatment.
• Chile Special Rate: Chile offers a special rate for imports of aluminum alloy wire, promoting trade between Chile and other countries.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible countries exporting aluminum alloy wire to the United States, encouraging economic development in the Caribbean region.
• Israel Special Rate: Imports of aluminum alloy wire from Israel receive duty-free treatment, fostering trade relations between Israel and other countries.
• Andean Trade Preference Act (ATPA): This program offers preferential duty rates for eligible countries in the Andean region, promoting economic growth and cooperation.
• Jordan Special Rate: Jordan has a specific special rate for imports of aluminum alloy wire, facilitating trade between Jordan and other countries.
• Morocco Special Rate: Morocco offers a special rate for imports of aluminum alloy wire, creating favorable conditions for trade between Morocco and other countries.
• NAFTA for Mexico: Under NAFTA, aluminum alloy wire imports from Mexico receive duty-free treatment.
• Oman Special Rate: Oman has a special rate for imports of aluminum alloy wire, providing trade advantages for Oman and its trading partners.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program offers preferential duty rates for eligible countries in the Dominican Republic and Central America, promoting trade and economic integration.
• Peru Special Rate: Peru has a specific special rate for imports of aluminum alloy wire, fostering trade between Peru and other countries.
• Singapore Special Rate: Imports of aluminum alloy wire from Singapore receive special tariff treatment, strengthening trade relations between Singapore and other countries.

These special tariff preference programs aim to facilitate international trade, promote economic development, and foster cooperation between countries. Importers and exporters of aluminum alloy wire classified under HS Code 76052900 should take advantage of these programs to benefit from favorable duty rates and expand their market reach.

HS Code 76052900 covers aluminum alloy wire with a maximum cross-sectional dimension of 7 mm or less. This versatile product finds applications in various industries due to its lightweight, corrosion resistance, and excellent conductivity. Importers and exporters should be aware of the bound / MFN duty rate, which is currently set at 4.2%. Additionally, the availability of special tariff preference programs provides opportunities for favorable duty rates and enhanced trade relations. Understanding the HS code and associated information is essential for businesses involved in the import and export of aluminum alloy wire.