The HS Code 99126289 refers to a specific product category in international trade. In this article, we will explore the details of this HS code, its product description, duty rates, quantity unit, and special tariff preference programs. Let's delve into the world of HS Code 99126289 and gain a better understanding of its implications in global trade.
The product categorized under HS Code 99126289 falls under subheading 6206.40.20, as mentioned in note 53 TRQ. It is essential to understand that HS codes are used to classify products for customs and statistical purposes. In this case, the product in question belongs to a specific category related to apparel or textile goods.
Subheading 6206.40.20 further narrows down the product description and helps in identification. By knowing the HS code, customs authorities and traders can easily determine the nature of the goods being imported or exported.
When it comes to trade barriers and market access, countries often implement duty rates to regulate imports and protect domestic industries. The bound / MFN (Most Favored Nation) duty rate is the maximum duty rate that a country can impose on a particular product category.
For HS Code 99126289, the bound / MFN duty rate would vary depending on the country. However, it is noteworthy that whenever a country lowers a trade barrier or opens up a market, it must do so consistently for the same goods or services from all its trading partners.
Unfortunately, the available data does not provide information on the quantity unit associated with HS Code 99126289. The quantity unit is typically a standard measurement that helps in determining the volume or weight of the goods being traded. However, in this case, the data specifies that the quantity unit is not available (NA).
Special tariff preference programs aim to provide certain benefits or concessions to specific countries or regions. In the case of HS Code 99126289, there is a special tariff rate of 0.8% for imports from Morocco (MA).
This special rate signifies that goods falling under HS Code 99126289 imported from Morocco will be subject to a reduced duty rate of 0.8% instead of the regular bound / MFN duty rate. The special tariff preference program fosters trade relations between the importing country and Morocco, promoting economic cooperation and bilateral trade.
While the available data does not provide specific information about the importing and exporting US states concerning HS Code 99126289, it is crucial to understand that international trade involves various regions and entities.
The importing US states refer to the states within the United States where the goods under HS Code 99126289 are being imported. On the other hand, the exporting US states indicate the states within the United States from where the goods under HS Code 99126289 are being exported to other countries.
Understanding the import and export flow between different US states is significant for analyzing trade patterns, identifying economic hubs, and optimizing logistical operations.
HS Code 99126289 plays a crucial role in international trade, providing a standardized classification for a specific product category. With its product description, duty rates, special tariff preference programs, and implications for importing and exporting US states, this HS code helps streamline customs procedures, facilitate trade negotiations, and promote global economic cooperation.
As countries continue to engage in international trade, understanding HS codes and their significance becomes essential for businesses, policymakers, and individuals involved in the global marketplace. HS Code 99126289 is just one example of the vast array of codes that contribute to the smooth functioning of international trade.