When it comes to international trade, it is important to have a standardized system for categorizing products. This is where Harmonized System (HS) codes come into play. HS Code 87119000 specifically refers to motorcycles (including mopeds) and cycles that are fitted with an auxiliary motor, as well as side-cars. In this article, we will explore this HS code in detail and discuss its implications for trade.
The product description provided by HS Code 87119000 is quite comprehensive. It covers motorcycles and cycles that have an auxiliary motor, which means they are powered by both human effort and an additional motor. Additionally, the code includes side-cars, which are attached to motorcycles and provide additional seating or storage space.
The bound duty rate for HS Code 87119000 is free. This means that there are no tariffs or taxes imposed on imports or exports of motorcycles, cycles with auxiliary motors, and side-cars. This is great news for traders and consumers alike, as it promotes free and fair trade.
It is important to note that the bound duty rate applies every time a country lowers a trade barrier or opens up a market. In other words, if a country decides to reduce or eliminate tariffs for a specific product, it must do so for all its trading partners. This principle ensures equal treatment and prevents discrimination in international trade.
The quantity unit specified for HS Code 87119000 is number (NO). This means that the units of measurement for this product are counted as individual items. For example, if a shipment contains 10 motorcycles or cycles with auxiliary motors, the quantity would be recorded as 10.
HS Code 87119000 is eligible for various special tariff preference programs, which provide additional benefits and exemptions for certain countries. These programs include:
This extensive list of special tariff preference programs reflects the global nature of trade and the efforts made to promote economic cooperation among countries. Each program has its own specific criteria and benefits, which contribute to the overall reduction of trade barriers.
While the HS code does not provide specific information about the importing and exporting US states, it is worth noting that motorcycles, cycles with auxiliary motors, and side-cars are popular forms of transportation in the United States.
However, if we consider the data provided, it seems that Utah is the primary importing state for products classified under HS Code 87119000. This could be due to various factors, such as favorable market conditions, transportation infrastructure, or local demand.
As for the exporting US states, the data is not available in the provided information. However, it is safe to assume that motorcycles and cycles with auxiliary motors are exported to various states within the United States, depending on demand and market conditions.
HS Code 87119000 plays a crucial role in international trade by categorizing motorcycles, cycles with auxiliary motors, and side-cars. The code provides a detailed product description and specifies the duty rate, quantity unit, and eligibility for special tariff preference programs. Understanding and utilizing HS codes is essential for traders, importers, exporters, and policymakers to ensure smooth and efficient international trade.