The HS Code 87089941 refers to parts and accessories of tractors that are not road tractors or used for agricultural purposes, specifically parts for power trains not elsewhere specified. This code is used for the classification and identification of these products in international trade.
When it comes to trade, the HS Code plays a crucial role in determining import and export regulations, as well as the applicable duty rates. In the case of HS Code 87089941, the bound or most favored nation (MFN) duty rate is free. This means that countries must lower trade barriers or open up their markets for the same goods or services from all trading partners without imposing any additional duties.
The quantity unit for HS Code 87089941 is in numbers (NO), indicating that the measurement is based on the number of units or pieces of the parts and accessories being imported or exported.
Furthermore, there are special tariff preference programs available for products classified under HS Code 87089941. These programs provide preferential treatment in terms of duty rates for eligible countries. The following countries have special tariff preference programs for this HS Code: Australia (A), Austria (AU), Belgium (B), Bahrain (BH), Canada (CA), Chile (CL), Spain (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Portugal (P), Peru (PE), Singapore (SG).
For example, the Generalized System of Preferences (GSP) provides duty-free treatment for products under this HS Code. Other programs such as the Automotive Products Trade Act (APTA), NAFTA for Canada, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), Dominican Republic-Central American Special Rate (DR-CAFTA), and more also offer duty-free treatment or special rates for certain countries.
When it comes to the United States, certain states are major importers and exporters of products classified under HS Code 87089941. These states include Utah, Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, and West Virginia. These states play a significant role in the import and export of parts and accessories for tractors.
On the other hand, the major exporting states for products classified under HS Code 87089941 are Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Ohio, Rhode Island, South Carolina, Tennessee, Virginia, and Wisconsin. These states are responsible for shipping these products to other countries.
HS Code 87089941 represents parts and accessories of tractors that are not road tractors or used for agricultural purposes, specifically parts for power trains not elsewhere specified. This code is used in international trade to classify and identify these products. It is important to understand the duty rates, special tariff preference programs, and the significant role of certain states in the import and export of these products.