The HS Code 85271340 refers to radio-phonograph combinations that are capable of operating without an external power source. This code is used to classify and identify these specific products for international trade purposes.
Radio-phonograph combinations are electronic devices that combine the functionality of a radio and a phonograph, allowing users to listen to both radio broadcasts and play vinyl records. These devices are designed to operate without the need for an external power source, which makes them portable and convenient for use in various settings.
The HS Code 85271340 provides a standardized classification system for these radio-phonograph combinations, ensuring that they can be easily identified and tracked in international trade. This code is used by customs authorities, importers, and exporters to determine the applicable customs duties and tariffs for these products.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) principle plays a significant role. According to this principle, 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. This means that the MFN duty rate for products classified under HS Code 85271340 should be the same for all countries.
The quantity unit for products classified under HS Code 85271340 is "number" (NO). This unit indicates that the quantity is measured by the number of units of radio-phonograph combinations being imported or exported.
There are also special tariff preference programs that offer duty-free treatment for products classified under HS Code 85271340. These programs provide certain countries with preferential access to the market, reducing or eliminating import duties. The countries eligible for these special tariff preference programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by facilitating the import and export of certain products without the burden of high import duties.
In terms of importing, the United States is a major market for products classified under HS Code 85271340. Various states within the United States import radio-phonograph combinations from different countries to meet domestic demand. Some of the states that are major importers of these products include:
On the other hand, the United States also exports radio-phonograph combinations to other countries. These exports are primarily driven by the manufacturing capabilities and competitive advantages of the United States in producing these products. Some of the states in the United States that are major exporters of radio-phonograph combinations include:
The HS Code 85271340 plays a crucial role in international trade by providing a standardized classification system for radio-phonograph combinations that can operate without an external power source. This code ensures that these products can be easily identified and tracked, and it also determines the applicable customs duties and tariffs for importers and exporters. Additionally, special tariff preference programs offer certain countries duty-free treatment, promoting trade and economic cooperation. The United States serves as both a major importer and exporter of these products, with various states playing a significant role in the trade of radio-phonograph combinations.