When it comes to international trade, it is important to have a universal system for classifying products. This is where the Harmonized System (HS) Code comes into play. The HS Code 85461000 specifically refers to electrical insulators made of glass. In this article, we will explore the details of this HS Code and its implications for trade.
Electrical insulators are crucial components in electrical systems. They are used to isolate conductive materials and prevent the flow of electric current. The HS Code 85461000 specifically focuses on insulators made of glass. Glass insulators are known for their excellent electrical resistance and durability.
The bound or Most Favored Nation (MFN) duty rate for HS Code 85461000 is 2.9%. The MFN duty rate is applied every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment. This duty rate helps maintain fair competition and promotes global trade.
The quantity unit for HS Code 85461000 is the number (NO). This means that the quantity of electrical insulators of glass is measured in individual units. The NO unit allows for precise measurement and tracking of the products in international trade transactions.
Several special tariff preference programs apply to HS Code 85461000. These programs provide certain countries with preferential treatment, including duty-free or reduced-duty rates. The countries eligible for these programs are:
These special tariff preference programs aim to promote economic development, regional integration, and trade cooperation between the eligible countries and the United States.
The HS Code 85461000 applies to both importing and exporting electrical insulators of glass in the United States. The specific states involved in the import and export of these products may vary depending on market demand and manufacturing capabilities. However, some of the notable states involved in the trade of electrical insulators in general include:
These states often have well-established electrical industries and serve as key hubs for import and export activities related to electrical insulators.
the HS Code 85461000 identifies and classifies electrical insulators made of glass. It plays a crucial role in regulating international trade by providing a standardized system for classification and determining duty rates. The special tariff preference programs associated with this HS Code offer various benefits to eligible countries, promoting trade cooperation and economic development. Understanding the HS Code and its implications is essential for businesses and individuals involved in the import and export of electrical insulators of glass.