HS Code 87113000 - Motorcycles and Cycles Fitted with Recip. Internal-Combustion Piston Engine
Motorcycles and cycles have become an integral part of our daily lives. They provide a convenient mode of transportation for individuals, as well as a means for businesses to transport goods efficiently. The HS code 87113000 specifically refers to motorcycles (including mopeds) and cycles fitted with reciprocating internal-combustion piston engines with a capacity exceeding 250 cc but not exceeding 500 cc. Let's delve into the details of this HS code and explore its significance in international trade.
The HS code is an internationally recognized classification system used to categorize products for customs and trade purposes. It allows countries to have a standardized system for identifying and classifying goods during import and export processes. The HS code 87113000 specifically identifies motorcycles and cycles fitted with reciprocating internal-combustion piston engines falling within the specified engine capacity range.
When it comes to trade, countries often impose duties and tariffs on imported goods to protect domestic industries or generate revenue. The bound or MFN (Most Favored Nation) duty rate for HS code 87113000 is free. This means that countries do not impose any duties on the import of motorcycles and cycles falling under this HS code. However, it is important to note that duty rates can vary depending on the country and its trade agreements.
Speaking of trade agreements, certain countries have special tariff preference programs in place that offer additional benefits to importers and exporters. For HS code 87113000, several countries provide special tariff rates or duty-free treatment. These countries include:
- Australia (Special Rate)
- Bahrain (Special Rate)
- Canada (NAFTA - duty-free treatment)
- Chile (Special Rate)
- European Union (Free)
- Israel (Special Rate - duty-free treatment)
- Japan (Free)
- Jordan (Special Rate)
- Morocco (Special Rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (Special Rate)
- Peru (Special Rate)
- Singapore (Special Rate)
These special tariff preference programs aim to promote trade between countries and facilitate economic cooperation. By offering duty-free treatment or reduced tariff rates, these programs encourage importers and exporters to engage in trade activities, fostering economic growth and development.
In terms of importing, the United States has a significant market for motorcycles and cycles fitted with reciprocating internal-combustion piston engines falling under HS code 87113000. Among the states in the US, Utah stands out as a major importer of these products. The state of Utah has consistently shown a high demand for motorcycles and cycles, making it an attractive market for manufacturers and exporters.
On the other hand, when it comes to exporting, two US states, namely Missouri and Pennsylvania, play a key role in shipping motorcycles and cycles fitted with reciprocating internal-combustion piston engines to international markets. These states have established themselves as major exporters in the industry, catering to the global demand for motorcycles and cycles.
HS code 87113000 encompasses motorcycles and cycles fitted with reciprocating internal-combustion piston engines with a capacity exceeding 250 cc but not exceeding 500 cc. This HS code plays a crucial role in international trade, facilitating the import and export of these vehicles. With various special tariff preference programs in place, countries aim to promote trade and economic cooperation. As the demand for motorcycles and cycles continues to rise, it is essential for businesses and individuals to understand the implications of this HS code in order to navigate the complexities of international trade successfully.
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