When it comes to international trade, the Harmonized System (HS) plays a crucial role in facilitating the smooth movement of goods across borders. Each product is assigned a unique HS code, which helps classify and identify it for customs and statistical purposes. In this article, we will delve into the details of HS Code 99126139 and explore its product description, duty rates, quantity unit, and special tariff preference programs.
HS Code 99126139 refers to MA goods in subheading 6109.90.80 above note 24 TRQ. Let's break down this description to understand it better.
Understanding the product description helps importers, exporters, and customs authorities accurately identify and classify the goods for trade purposes.
The bound duty rate refers to the maximum rate of duty that a country can impose on a specific product. It is agreed upon in international trade negotiations and is meant to provide predictability and stability to traders. On the other hand, the MFN (Most Favored Nation) duty rate is the rate applied to all trading partners equally, without any discrimination.
For HS Code 99126139, the bound / MFN duty rate is not explicitly mentioned in the available data. However, it is important to note that 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 of non-discrimination ensures fair and equitable trade practices.
The available data does not provide information about the quantity unit for HS Code 99126139. The quantity unit is typically mentioned to indicate the specific measurement or unit of quantity used for the goods, such as kilograms, liters, or pieces. It helps in determining the volume or quantity of goods being imported or exported.
In international trade, various countries establish special tariff preference programs to promote economic cooperation and trade relations. These programs offer reduced duty rates or exemptions to specific goods imported from eligible countries.
For HS Code 99126139, the data states a special tariff preference program of 3.2% for MA goods. This means that these goods imported from Morocco enjoy a reduced duty rate of 3.2% as part of the special rate applicable to Morocco. This preference program aims to encourage trade between Morocco and the importing countries by providing them with a competitive advantage.
Unfortunately, the available data does not provide specific information about the importing US states or exporting US states for HS Code 99126139. However, it is important to note that international trade is a complex network of importers and exporters, and the movement of goods can involve various states and regions within a country.
HS Code 99126139 represents MA goods in subheading 6109.90.80 above note 24 TRQ. While the available data provides some insights into the product description, special tariff preference programs, and the principle of non-discrimination in trade, there is still a need for more information regarding the bound / MFN duty rate, quantity unit, and specific importing and exporting US states. Understanding and complying with HS codes is essential for smooth and efficient international trade operations.