The HS Code 85232990 refers to pre-recorded magnetic media other than tape, which includes various types of magnetic media used for storing and playing audio, video, or other digital content. This code is used for international trade purposes to classify and track the import and export of these products.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for this HS code is free. This 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 promotes fairness and equal treatment in international trade.
The quantity unit for this HS code is square meters (M2), which may seem unusual for pre-recorded magnetic media. However, this unit is used to measure the surface area of certain types of media, such as discs or cartridges, which may vary in size.
There are also special tariff preference programs in place for this HS code. These programs provide certain countries with preferential treatment or duty-free access to the importing countries. The countries that enjoy free trade under these programs for HS Code 85232990 include:
Now let's take a look at the specific importing and exporting US states for this HS code. The following states are known for importing pre-recorded magnetic media other than tape:
On the other hand, the following states are known for exporting pre-recorded magnetic media other than tape:
The HS Code 85232990 plays a crucial role in facilitating international trade of pre-recorded magnetic media other than tape. It helps in classifying and tracking these products, while also ensuring fair trade practices and providing certain countries with preferential treatment. Understanding the HS code system is essential for businesses involved in import and export to comply with trade regulations and benefit from trade agreements.