When it comes to international trade, the Harmonized System (HS) Code is an important tool used to classify goods and products. Each HS Code represents a specific product or group of products, and it is used by customs authorities around the world to determine the appropriate duties and regulations for imports and exports.
In this article, we will be focusing on HS Code 98220513, which refers to apparel goods of chapter 62 entered under note 21(c) to this subchapter. Let's explore this HS Code in more detail and understand its implications for international trade.
Product Description: The product description for HS Code 98220513 specifies that it includes apparel goods of chapter 62. Chapter 62 of the Harmonized System covers articles of apparel and clothing accessories. This can include items such as clothing, outerwear, underwear, and accessories like hats, gloves, and scarves.
Bound / MFN Duty Rate: The bound / MFN (Most Favored Nation) duty rate is an important aspect of international trade. It refers to the rate at which a country imposes import duties on a particular product. It is important to note 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 ensures fair and equal treatment for all countries involved in international trade.
Quantity Unit: Unfortunately, the data does not provide a specific quantity unit for HS Code 98220513. However, it is important to note that the quantity unit can vary depending on the specific product being imported or exported. Common quantity units include kilograms, meters, units, or pieces.
Special Tariff Preference Programs: HS Code 98220513 is eligible for a special tariff preference program known as Free (P). This means that the goods classified under this HS Code can be imported/exported with no duty charges. It is important to note that this specific program is related to the Dominican Republic-Central American Special Rate (DR-CAFTA). The DR-CAFTA program aims to promote trade and economic cooperation between the United States and the countries of Central America, including the Dominican Republic.
Importing US States: The data does not provide specific information about the importing US states for HS Code 98220513. However, it is important to note that the United States is a major player in the global apparel market, both as an importer and exporter. Some of the key importing states for apparel goods in general include California, New York, Texas, Florida, and New Jersey.
Exporting US States: The data also does not provide specific information about the exporting US states for HS Code 98220513. However, it is worth mentioning that the United States has a strong presence in the global apparel market and exports a significant amount of apparel goods to various countries. Some of the key exporting states for apparel goods include California, New York, Texas, Georgia, and North Carolina.
HS Code 98220513 represents apparel goods of chapter 62 entered under note 21(c) to this subchapter. Understanding this HS Code is essential for anyone involved in international trade, especially in the apparel industry. It helps determine the appropriate duties, regulations, and tariff preference programs for importing or exporting these goods. As the global economy continues to evolve, staying informed about HS Codes and their implications for international trade is crucial for businesses and policymakers alike.