When it comes to international trade, various measures and regulations are put in place to ensure fair competition and equal treatment among trading partners. One such measure is the Harmonized System (HS) Code, a standardized system used globally to classify and identify traded products.
In this article, we will focus on HS Code 99126136, specifically the goods falling under subheading 6109.90.10, which are subject to Note 24 Tariff Rate Quota (TRQ) in the country of Morocco.
But before we delve deeper into the details of this HS Code, let's understand the concept of bound and Most Favored Nation (MFN) duty rates. 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 principle ensures fair and equal treatment among nations participating in international trade.
The quantity unit for the goods classified under HS Code 99126136 is not available (NA). This means that the specific unit of measurement for these goods is not mentioned or specified.
Now, let's discuss the special tariff preference programs associated with this HS Code. The goods falling under subheading 6109.90.10 are eligible for a special rate of 6.4% under the Morocco Special Rate (MA). This program grants preferential treatment to certain goods imported from or exported to Morocco.
It is important to note that the information provided here is specific to the importing and exporting states within the United States. The data regarding the specific states involved in the import and export of goods under HS Code 99126136 is not mentioned.
HS Code 99126136 represents goods falling under subheading 6109.90.10, subject to Note 24 Tariff Rate Quota (TRQ) in Morocco. The special tariff preference program, Morocco Special Rate (MA), grants these goods a preferential duty rate of 6.4%. It is crucial for traders and importers/exporters to be aware of the specific HS Codes applicable to their goods to ensure compliance with international trade regulations.