Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 96061040 - Press-fasteners, snap-fasteners and press-studs and pts thereof

Press-fasteners, snap-fasteners, and press-studs are essential components used in various industries, including fashion, automotive, and manufacturing. They play a crucial role in securing fabrics, leather, and other materials together, providing convenience and functionality. HS Code 96061040 specifically covers these products, which are valued at not more than 20 cents per dozen pieces or parts.

When it comes to international trade, countries often have specific regulations and duties in place to protect their domestic industries and control imports. The bound or Most-Favored-Nation (MFN) duty rate for HS Code 96061040 is 3.5%. 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.

It is important to note that the quantity unit for this HS code is not collected, denoted by "no units collected (X)." This might be due to the variability in the size and quantity of press-fasteners, snap-fasteners, and press-studs sold in the market.

However, there are special tariff preference programs in place that offer duty-free treatment for imports of products falling under HS Code 96061040. Some of these programs include:

• Generalized System of Preferences (GSP): This program provides duty-free treatment for eligible products from various developing countries.
• Australia Special Rate: Automotive Products Trade Act (APTA) grants duty-free treatment for imports from Australia.
• Bahrain Special Rate: Imports from Bahrain enjoy duty-free treatment under this program.
• NAFTA for Canada: The North American Free Trade Agreement (NAFTA) offers duty-free treatment for Canadian imports.
• Chile Special Rate: Imports from Chile are eligible for duty-free treatment.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for eligible products from designated Caribbean countries.
• Israel Special Rate: Imports from Israel enjoy duty-free treatment.
• Andean Trade Preference Act (ATPA): Eligible products imported from designated Andean countries receive duty-free treatment.
• Jordan Special Rate: Imports from Jordan are eligible for duty-free treatment.
• Morocco Special Rate: Imports from Morocco enjoy duty-free treatment.
• NAFTA for Mexico: Similar to Canada, Mexico also benefits from duty-free treatment under NAFTA.
• Oman Special Rate: Imports from Oman receive duty-free treatment.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides duty-free treatment for eligible products from the Dominican Republic and Central American countries.
• Peru Special Rate: Imports from Peru enjoy duty-free treatment.
• Singapore Special Rate: Imports from Singapore are eligible for duty-free treatment.

These special tariff preference programs aim to promote trade and economic cooperation between countries, fostering stronger relationships and benefiting businesses involved in the import and export of press-fasteners, snap-fasteners, and press-studs.

When it comes to importing these products to the United States, no specific data is provided regarding the exporting countries or quantities. Similarly, the exporting US states are not mentioned in the available data. However, it is important to note that the United States is a significant player in the global import and export market for various products, including press-fasteners, snap-fasteners, and press-studs.

Overall, understanding HS Code 96061040 and its associated regulations, duties, and special tariff preference programs is crucial for businesses involved in the international trade of press-fasteners, snap-fasteners, and press-studs. By being aware of these details, importers and exporters can make informed decisions, enhance their competitiveness, and seize the opportunities presented by global markets.