The Harmonized System (HS) Code 99126107 pertains to a specific category of goods known as "MA goods" within the subheading 6104.63.20. These goods are subject to specific regulations and trade restrictions, particularly in relation to the TRQ (Tariff Rate Quota) system.
TRQ is a trade policy tool that allows a certain quantity of goods to be imported at a lower or zero duty rate within a specific timeframe. In the case of HS Code 99126107, the TRQ system applies to MA goods in subheading 6104.63.20.
When it comes to the duty rates for these goods, the "bound" or "MFN" (Most Favored Nation) duty rate is of significance. The bound duty rate refers to the maximum tariff rate that a country can impose on imports under its commitments to the World Trade Organization (WTO). The MFN duty rate is the rate applied to all trading partners equally. This means that whenever 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.
Unfortunately, the specific quantity unit for HS Code 99126107 is not available (NA). This means that the exact measurement or unit of measurement for these goods is not specified or disclosed in the available data.
However, it is important to note that HS Code 99126107 is eligible for a special tariff preference program, specifically the Morocco Special Rate. Under this program, the applicable duty rate for imports of these goods is 5.6%. This special rate is designed to promote trade and economic cooperation between the importing country and Morocco.
It is also crucial to understand that HS Code 99126107 is relevant to both importing and exporting US states. This means that goods falling under this HS code can be imported into or exported from various states within the United States.
HS Code 99126107 encompasses MA goods in subheading 6104.63.20 above note 18 TRQ. These goods are subject to specific regulations and trade restrictions, including the application of TRQ and special tariff preference programs. Importing US states and exporting US states are both involved in trade activities related to this HS code. Understanding the intricacies of HS Code 99126107 is essential for businesses and individuals involved in international trade.