The HS Code 87089968 refers to parts and accessories of motor vehicles that are not classified under HS codes 8701, as well as 8702-8705, which include power train parts. This code is used to classify these specific products for international trade purposes.
When it comes to trade barriers and market access, countries must apply the same rules and regulations to all their trading partners. This means that any country that lowers a trade barrier or opens up a market must do so for the same goods or services from all its trading partners, including those under HS Code 87089968.
The bound/MFN (Most Favored Nation) duty rate for products under HS Code 87089968 is 2.5%. This means that countries applying this code to their imports or exports may be subject to a duty rate of 2.5% of the product's value.
The quantity unit for products under HS Code 87089968 is measured in numbers (NO). This unit represents the count or quantity of the parts and accessories being imported or exported.
There are several special tariff preference programs that apply to products under HS Code 87089968. These programs provide specific trade benefits or duty-free treatment for certain countries. Some of these programs include:
When importing products under HS Code 87089968 into the United States, the following states are known to be major importers:
On the other hand, the following states are known to be major exporters of products under HS Code 87089968:
The HS Code 87089968 plays an important role in classifying and regulating the trade of parts and accessories for motor vehicles. Understanding the specific regulations, duty rates, and special tariff preference programs associated with this code is essential for businesses involved in the import and export of these products.