Upland cotton, within specified quantity limitations, falls under the HS Code 99035216. This HS code is applicable for a 180-day period and is associated with the Special Cotton Import Quota Announcement No. 16.
When it comes to international trade, countries often impose trade barriers or restrictions on certain goods or services. However, these barriers can be lowered or markets can be opened up for specific goods or services. The HS Code 99035216 denotes that the country has made such a decision for upland cotton within the specified quantity.
The specific quantity unit for this HS code is not available (NA). It indicates that the quantity limitations are not explicitly mentioned, and further information may be required to determine the exact quantity allowed for import.
Under the Special Tariff Preference Programs, upland cotton falling under the HS Code 99035216 enjoys a duty rate of 10% for imports to Canada. This duty-free treatment is applicable under the North American Free Trade Agreement (NAFTA) between the United States and Canada.
Importing US states can take advantage of this special tariff preference program to import upland cotton at a reduced duty rate of 10%. This program promotes trade between the United States and Canada, facilitating the flow of cotton products.
The HS Code 99035216 serves as a unique identifier for upland cotton falling under the Special Cotton Import Quota Announcement No. 16. It helps in streamlining trade processes, ensuring accurate classification of goods, and determining the applicable duty rates.
the HS Code 99035216 signifies the import of upland cotton within specified quantity limitations under the Special Cotton Import Quota Ann. No. 16. It allows for a reduced duty rate of 10% for imports to Canada under the NAFTA agreement. This HS code plays a crucial role in international trade, facilitating the movement of cotton products between the United States and Canada.