The HS Code 85166060 refers to electrothermic cookers, cooking plates, boiling rings, grillers, and roasters used for domestic purposes. In this article, we will delve into the details of this product category, its trade regulations, and the countries involved in importing and exporting.
Electrothermic cookers are appliances that use electricity to generate heat for cooking. They are widely used in households for various cooking methods such as boiling, grilling, and roasting. These appliances provide convenience and efficiency in the kitchen, making them essential for many households.
When it comes to international trade, the HS Code 85166060 is subject to certain regulations. One of the key factors to consider is the bound or most-favored-nation (MFN) duty rate. Currently, the duty rate for this product is 2.7%, which applies to all countries.
The concept of MFN duty rate means that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment for all trading nations.
However, there are special tariff preference programs in place for the HS Code 85166060. These programs offer duty-free treatment for specific countries. Some of the programs and countries included are:
These special tariff preference programs aim to promote trade and strengthen economic ties between the countries involved. They provide certain countries with preferential treatment in terms of customs duties, allowing for more favorable trade conditions.
When it comes to the import and export of products under the HS Code 85166060, it is essential to consider the specific states involved. Here are the states that import and export this product category:
These states play a significant role in the import and export of electrothermic cookers and related appliances. The trade flows between these states contribute to the overall market dynamics and economic growth.
the HS Code 85166060 represents electrothermic cookers, cooking plates, boiling rings, grillers, and roasters used for domestic purposes. Understanding the trade regulations and the countries involved in importing and exporting is crucial for businesses in this industry. By staying informed about the duty rates, preferential treatment programs, and the states involved, businesses can navigate the international market effectively.