When it comes to international trade, a standardized system is essential for classifying and identifying different products. The Harmonized System (HS) Code provides a universal language for classifying goods, enabling countries to facilitate trade and enforce regulations effectively. In this article, we will delve into HS Code 99126259 and explore its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 99126259 corresponds to a specific category of goods falling under subheading 6204.61.90. This subheading is a further classification within the broader category of 6204, which encompasses women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches, and shorts.
Note 46 TRQ refers to a Tariff Rate Quota, which is a trade policy tool used by countries to manage imports of certain goods. It sets a predetermined quantity of goods that can be imported at a lower duty rate, while any imports beyond this quota will be subject to a higher duty rate.
The bound or Most Favored Nation (MFN) duty rate is an essential factor to consider when engaging in international trade. It represents the maximum duty rate that a country can impose on a particular product. It is important to note that every time 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 bound or MFN duty rate for HS Code 99126259 is not available in the provided data. However, it is crucial for importers and exporters to be aware of the applicable duty rates to accurately calculate costs and plan their trade activities.
In the data provided, the quantity unit for HS Code 99126259 is not specified. The quantity unit is a crucial detail as it indicates how the goods are measured or counted for import/export purposes. Common quantity units include kilograms, liters, pieces, or meters. Without this information, it is challenging to determine the specific measurement or count associated with the goods under this HS code.
For importers/exporters engaging in trade involving HS Code 99126259, there is a special tariff preference program available. In this case, the special rate is 2.7% and is specifically applicable to Morocco (MA).
Special tariff preference programs are often implemented to foster economic cooperation and trade between countries. They aim to provide certain countries or regions with preferential treatment, such as reduced duty rates or exemptions, to encourage trade relations and stimulate economic growth.
HS Code 99126259 is relevant to both importing and exporting US states. Importing states refer to those within the United States that receive goods under this HS code from international trade partners. Exporting states, on the other hand, are US states that ship or export goods falling under this HS code to foreign markets.
Unfortunately, the specific importing and exporting US states related to HS Code 99126259 are not provided in the given data. However, it is worth noting that the US is a significant player in global trade, with various states specializing in different industries and commodities.
HS Code 99126259 pertains to MA goods in subheading 6204.61.90 above Note 46 TRQ. While the provided data lacked certain specific details, such as the bound/MFN duty rate, quantity unit, and importing/exporting US states, it is crucial for traders to consider these factors when engaging in international trade. Understanding the HS code system and its associated information is essential for ensuring compliance, calculating costs, and making informed trade decisions.