The Harmonized System (HS) Code 99126244 refers to a specific product description of MA goods in subheading 6204.43.40 above note 42 TRQ. This HS code is used for international trade purposes to classify and identify goods in a standardized manner.
When looking at the HS code 99126244, it is important to understand the various aspects related to it, such as the bound/MFN duty rate, quantity unit, and special tariff preference programs.
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 is known as the most-favored-nation (MFN) treatment. The bound/MFN duty rate associated with HS code 99126244 indicates the rate at which customs duties are levied on the importation or exportation of these goods.
In the case of HS code 99126244, the quantity unit is not available (NA). This means that the specific unit of measurement for the goods in question is not specified or applicable.
For HS code 99126244, there is a special tariff preference program in place. The rate for this program is 3.2% and applies to goods imported from Morocco (MA). This special rate is designed to promote trade and economic cooperation between countries.
It is important to note that special tariff preference programs may vary depending on the country and the specific goods being imported or exported. These programs aim to provide certain benefits or advantages to eligible countries or regions.
HS code 99126244 is relevant to both importing and exporting US states. This means that goods classified under this HS code can be both imported into and exported from the United States. The specific states involved in these trade transactions may vary depending on the nature of the goods and the preferences of the traders involved.
HS code 99126244, which refers to MA goods in subheading 6204.43.40 above note 42 TRQ, plays a crucial role in international trade by classifying and identifying specific goods. Understanding the bound/MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code is essential for businesses and traders engaged in global commerce.