The HS Code 99035223 refers to the import and export of Upland cotton within the Special Cotton Import Quota Ann. No. 23. This article will provide an extensive overview of the HS code and its implications for trade.
Upland cotton, also known as American cotton, is a widely cultivated cotton variety known for its versatility and high-quality fibers. It is one of the most commonly traded cotton varieties globally. The HS Code 99035223 specifically pertains to the import and export of Upland cotton within the Special Cotton Import Quota Ann. No. 23.
The Bound / MFN (Most Favored Nation) duty rate is the rate applied to goods when a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment. The specific duty rate for Upland cotton within the Special Cotton Import Quota Ann. No. 23 is not provided in the available data.
The quantity unit for Upland cotton within the Special Cotton Import Quota Ann. No. 23 is not available (NA). This means that the specific quantity limitations for import and export are not provided in the data. It is crucial for traders and importers to consult the relevant regulations and announcements to determine the exact quantity limitations for this HS code.
The Special Tariff Preference Programs for HS Code 99035223 include a 10% tariff preference for Canada (CA) under the North American Free Trade Agreement (NAFTA). This means that Upland cotton imported from the United States to Canada is eligible for duty-free treatment, with a reduced tariff rate of 10%. This preferential treatment promotes trade between the two countries and facilitates the flow of Upland cotton.
The data provided does not specify the importing and exporting US states for HS Code 99035223. However, it is important to note that the United States is one of the largest exporters of Upland cotton. Major cotton-producing states in the US include Texas, Georgia, Mississippi, and Arkansas. These states play a significant role in supplying Upland cotton to international markets, including countries eligible for the Special Cotton Import Quota Ann. No. 23.
the HS Code 99035223 relates to the import and export of Upland cotton within the Special Cotton Import Quota Ann. No. 23. It is essential for traders, importers, and exporters to familiarize themselves with the specific regulations, duty rates, and tariff preference programs associated with this HS code. By understanding and complying with these requirements, businesses can effectively engage in the trade of Upland cotton and take advantage of the benefits provided under relevant trade agreements.