The HS Code 89039200 refers to vessels, specifically motorboats, that are used for pleasure or sports. This code is used to classify and identify these types of products for trade and import/export purposes.
When it comes to trade barriers and market openings, the bound/MFN duty rate for this HS code is 1.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners, and the duty rate for this specific product is set at 1.5%.
The quantity unit for this HS code is measured in numbers (NO), indicating the quantity of motorboats being imported or exported.
There are several special tariff preference programs available for this HS code. These programs provide certain countries with preferential treatment, often in the form of duty-free treatment. Here is a list of countries that enjoy special tariff preferences for vessels under HS Code 89039200:
When it comes to importing motorboats under HS Code 89039200, the state of Florida is a significant player. Florida is known for its recreational boating industry and is a prime location for importing and selling motorboats for pleasure and sports purposes.
Exporting of motorboats from the United States is also seen in states like Florida, Rhode Island, and the Virgin Islands. These states have a presence in the export market for motorboats.
HS Code 89039200 is used to classify and identify motorboats used for pleasure or sports. It has a bound/MFN duty rate of 1.5% and is measured in numbers (NO). Several countries enjoy special tariff preferences for vessels under this HS code, including duty-free treatment and special rates. Florida plays a significant role in both importing and exporting motorboats under this HS code, along with other states like Rhode Island and the Virgin Islands.