Furniture plays a crucial role in our daily lives, providing us with comfort, functionality, and aesthetic appeal. One specific category of furniture that falls under the HS Code 94034040 is furniture made of bent-wood, specifically designed for kitchen use. This article will delve into the details of this HS code, its product description, duty rates, special tariff preference programs, and importing/exporting information.
HS Code 94034040 refers to furniture (other than seats) made of bent-wood that is not elsewhere specified or included. This furniture is specifically designed for use in the kitchen, making it an essential component of any culinary space. Bent-wood furniture is known for its durability, flexibility, and aesthetic appeal, making it a popular choice for kitchen interiors.
Under the HS Code 94034040, the bound or MFN (Most Favored Nation) duty rate is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This encourages fair trade practices and equal treatment among trading nations.
HS Code 94034040 enjoys various special tariff preference programs, providing benefits to specific countries. These programs include:
These special tariff preference programs aim to promote trade between countries and provide economic benefits to both importers and exporters.
When it comes to importing furniture under HS Code 94034040 into the United States, certain states have shown a higher demand for this product. The states that have recorded imports of furniture (o/than seats) of bent-wood nesoi, used in the kitchen, include:
These states recognize the value and utility of kitchen furniture made of bent-wood, leading to a higher demand for such products.
In terms of exporting furniture (o/than seats) of bent-wood nesoi, used in the kitchen, from the United States, specific states have emerged as major exporters. The details of these exporting US states are not provided in the available data.
HS Code 94034040 covers furniture made of bent-wood, designed for use in the kitchen. This code enjoys special tariff preference programs and a bound duty rate of free, promoting fair trade practices and equal treatment among trading nations. Importing US states such as Maryland, Hawaii, North Carolina, Virgin Islands, Virginia, and Washington have shown a significant demand for this furniture. Understanding the nuances of HS codes helps in facilitating international trade and promoting economic growth.