The HS Code 99149920 refers to textile and apparel goods in chapters 61 and 62, with a limit of up to 50 million square meters equivalent. This code is subject to U.S. note 7, which pertains to trade barriers and market accessibility.
When it comes to trade, countries often implement various measures to protect their domestic industries or regulate imports. These measures can include tariffs, quotas, and other trade barriers. However, every time a country lowers a trade barrier or opens up a market, it is obligated to do so for the same goods or services from all its trading partners. This principle is known as the bound or most-favored-nation (MFN) duty rate.
The quantity unit for HS Code 99149920 is not available (NA). This means that the code does not specify a specific quantity measurement for the goods being imported or exported. Instead, the quantity will vary depending on the specific transaction and the units used to measure textile and apparel goods.
Under special tariff preference programs, HS Code 99149920 enjoys a free tariff rate for imports from Bahrain (BH). This means that goods classified under this code can be imported from Bahrain into the United States without incurring any additional tariffs. This special rate aims to promote trade and strengthen economic ties between the two countries.
When it comes to importing goods under HS Code 99149920, various U.S. states participate in the trade. These states serve as the destination for these textile and apparel goods. On the other hand, exporting U.S. states are those that produce and send these goods to international markets. The specific states involved in the import and export processes can vary depending on market demand, production capabilities, and trade agreements.
HS Code 99149920 plays a crucial role in regulating the import and export of textile and apparel goods. This code signifies specific product categories within chapters 61 and 62, with a maximum limit of 50 million square meters equivalent. Understanding the implications of the bound or MFN duty rate, special tariff preference programs, and the involvement of different U.S. states is essential for businesses and individuals engaged in international trade.