The HS Code 98220620 refers to textile or apparel goods originating from Peru. This code is used to classify and track the import and export of these specific products. In the United States, these goods are described in U.S. Note 29 to subchapter, providing additional details and specifications.
When it comes to international trade, countries often impose tariffs or duties on imported goods. The Bound / MFN (Most Favored Nation) duty rate is the rate applied to these goods. It is important to note 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. This principle ensures fair and equal treatment for all countries involved.
The quantity unit for goods classified under HS Code 98220620 is not specified in the available data. However, it typically depends on the specific product being imported or exported. Common quantity units for textile or apparel goods include kilograms, meters, pieces, or sets.
Special tariff preference programs, such as the one mentioned for Peru (PE), offer certain benefits to specific countries or regions. In this case, goods classified under HS Code 98220620 from Peru can enjoy a tariff-free status when imported into the United States. This special rate aims to promote trade and strengthen economic ties between both countries.
When it comes to importing textile or apparel goods of Peru into the United States, various states play a significant role. Some states may have higher demand for these products due to their local industries or consumer preferences. Similarly, different states in the U.S. may also be major exporters of textile or apparel goods to Peru. The specific importing and exporting states may vary depending on market conditions, trade agreements, and other factors.
the HS Code 98220620 is used to classify and track textile or apparel goods originating from Peru. Understanding this code and its associated details is crucial for importers, exporters, and authorities involved in international trade. By complying with the Bound / MFN duty rate and taking advantage of special tariff preference programs, such as the one for Peru, businesses can effectively navigate the import and export of these goods, fostering economic growth and international cooperation.