The HS code 85166040 refers to electrothermic cooking stoves, ranges, and ovens used for domestic purposes. These products are essential appliances found in many households, providing a convenient and efficient way to cook and bake food.
When it comes to international trade, the HS code plays a crucial role in classifying goods and determining import and export duties. Let's explore more about this HS code and its implications.
The product description for HS code 85166040 is "Electrothermic cooking stoves, ranges, and ovens (excluding microwave ovens) of a kind used for domestic purposes." This includes a wide range of cooking appliances that use electricity for heating and cooking food.
The bound or most-favored-nation (MFN) duty rate for HS code 85166040 is free. This means that the importing country does not impose any customs duties on these products when they enter their market. It is important to note that this duty rate applies when a country lowers a trade barrier or opens up its market to all its trading partners.
Free trade promotes economic growth and encourages international cooperation. By eliminating or reducing trade barriers, countries can benefit from the exchange of goods and services, leading to increased consumer choices and competitive prices.
The quantity unit for HS code 85166040 is number (NO), indicating that the unit of measurement for these cooking stoves, ranges, and ovens is counted individually.
Several special tariff preference programs offer free or preferential treatment for HS code 85166040. These programs aim to promote trade and economic development between specific countries. The following countries or regions offer special rates or duty-free treatment for this HS code:
These special tariff preference programs provide opportunities for exporters and importers to benefit from reduced or eliminated customs duties, making trade more accessible and cost-effective.
The following US states are known for importing products under HS code 85166040:
These states have a significant demand for electrothermic cooking stoves, ranges, and ovens, indicating the popularity and necessity of these appliances in domestic kitchens.
The following US states are known for exporting products under HS code 85166040:
These states are actively involved in exporting electrothermic cooking stoves, ranges, and ovens, contributing to the global market demand for these products. Their participation in international trade showcases the competitiveness and quality of their domestic manufacturing industries.
HS code 85166040 represents electrothermic cooking stoves, ranges, and ovens used for domestic purposes. Understanding the HS code, its duty rates, and special tariff preference programs can help businesses navigate international trade and identify potential opportunities. With the popularity of these appliances and the involvement of various US states in import and export, the market for electrothermic cooking stoves continues to thrive.