In international trade, the Harmonized System (HS) Code is used to classify and categorize products for customs purposes. Each HS code corresponds to a specific product, allowing for easier identification and regulation of goods during import and export. One such code is HS Code 87087025, which pertains to parts and accessories of tractors that are not road tractors or intended for agricultural use, specifically road wheels.
The HS Code 87087025 is applicable to various components essential for the functioning and maintenance of tractors. These parts and accessories include road wheels, which are crucial for the mobility and transportation capabilities of tractors that are not designed for use on public roads or in agricultural activities.
When importing products classified under HS Code 87087025, it is important to consider the applicable duty rates. The bound / most favored nation (MFN) duty rate for this HS code is free. This means that there are no additional tariffs or taxes imposed on the import of these products. The free MFN duty rate promotes trade facilitation and encourages countries to lower trade barriers and open up their markets.
Special tariff preference programs may also apply to products falling under HS Code 87087025. These programs provide certain advantages or reduced duty rates to eligible importers and exporters. However, the specific programs and their corresponding benefits may vary depending on the country of import or export.
In the United States, for example, the following states have been identified as major importers of products classified under HS Code 87087025:
These states play a significant role in the importation of parts and accessories for tractors, particularly road wheels. The presence of strong agricultural and industrial sectors in these states likely contributes to the demand for such products.
On the other hand, the exporting states for products falling under HS Code 87087025 may vary depending on the specific trade flows and manufacturing capabilities of different countries. Therefore, it is essential to refer to trade data and statistics to identify the major exporting states for this HS code.
Overall, HS Code 87087025 plays a vital role in the international trade of parts and accessories for tractors. Understanding the classification, duty rates, and special tariff preference programs associated with this HS code is essential for importers, exporters, and regulatory authorities involved in the trade of these products.