When it comes to international trade, HS Code 84559080 plays a crucial role in identifying and categorizing parts for metal-rolling mills. In this article, we will explore the details of this HS code, its significance in trade, and the impact it has on importing and exporting countries.
HS Code 84559080 refers to parts for metal-rolling mills, excluding rolls, not elsewhere specified. These parts are essential components that contribute to the functioning of metal-rolling mills. While the code specifically excludes rolls, it encompasses a wide range of other parts necessary for the smooth operation of such mills.
The bound or most-favored-nation (MFN) duty rate for HS Code 84559080 is free. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This duty rate encourages fair and equal trading practices among nations and promotes global economic growth.
The quantity unit for HS Code 84559080 is kilograms (KG). This unit of measurement provides a standardized way of quantifying the weight of parts for metal-rolling mills during international trade. By using kilograms as the quantity unit, it becomes easier for importers and exporters to determine the exact weight of the goods being traded.
Special tariff preference programs are trade agreements or arrangements that provide certain benefits or privileges to countries involved in international trade. While specific programs may vary, they generally aim to reduce or eliminate tariffs, promote economic cooperation, and enhance market access.
HS Code 84559080 is of great importance to various importing states within the United States. The states that frequently import parts for metal-rolling mills include:
On the other hand, several US states actively engage in exporting parts for metal-rolling mills under HS Code 84559080. These states include:
These states play a significant role in the international trade of parts for metal-rolling mills and contribute to the overall economic growth of the United States.
HS Code 84559080, which pertains to parts for metal-rolling mills, is an essential component in international trade. This code allows for the proper identification and categorization of goods, ensuring fair trading practices and promoting economic cooperation among nations. By understanding the significance of this HS code, importers, exporters, and trading partners can streamline their operations and contribute to the growth of the global economy.