HS Code 99165205 refers to Oman goods in subheading 5201.00.18 and similar cotton products that are subject to note 12 limit. This code is used for classifying and categorizing specific goods for international trade and customs purposes.
When it comes to international trade, understanding the HS code is crucial as it provides important information about the product, such as its description, quantity unit, duty rates, and special tariff preference programs. Let's delve deeper into the details of HS Code 99165205.
The product described under HS Code 99165205 includes various goods related to cotton, specifically those falling under the subheading 5201.00.18. This subheading refers to a specific type or variant of cotton products. Detailed information about the specific products falling under this HS code can be found in the official Harmonized System (HS) classification.
It's important to note that these cotton products are subject to note 12 limit. Note 12 refers to a specific regulation or restriction imposed on the import or export of these goods. The exact details of this limitation can be obtained from the relevant legal documents or trade agreements.
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 duty rate, also known as the MFN duty rate, is the maximum tariff rate that a country can apply to a specific product.
In the case of HS Code 99165205, the bound / MFN duty rate would depend on the specific regulations and agreements in place between the countries involved in the trade. It is important for importers and exporters to be aware of these duty rates to accurately calculate the costs and plan their trade activities accordingly.
The quantity unit for the goods classified under HS Code 99165205 is not specified in the provided data. The quantity unit is an essential piece of information as it helps in determining the measurement or unit of the traded goods. It can be in the form of weight (kilograms, tons), volume (liters, cubic meters), or any other relevant unit of measurement.
HS Code 99165205 is eligible for a special tariff preference program known as Free (PE). This program is specifically applicable to trade between Oman and Peru. Under this program, the goods classified under this HS code can be imported/exported between these two countries with a preferential tariff rate.
Special tariff preference programs are established to promote trade and economic cooperation between specific countries. They often involve reduced or zero tariffs on certain goods traded between the participating countries. Importers and exporters should be aware of these programs to take advantage of favorable tariff rates and boost their trade activities.
Unfortunately, the provided data does not include information about the specific US states that import or export goods classified under HS Code 99165205. However, it is worth mentioning that the United States is one of the major players in international trade and has a vast network of importers and exporters across its states.
Understanding the import and export patterns of specific goods among different US states can provide valuable insights into trade flows and market opportunities. Detailed trade data from reliable sources can help businesses identify potential markets and establish trade relationships accordingly.
HS Code 99165205 refers to Oman goods in subheading 5201.00.18 and similar cotton products subject to note 12 limit. Importers and exporters dealing with these goods need to consider the specific details of this HS code, such as the product description, duty rates, quantity unit, and special tariff preference programs. Staying informed about the regulations and trade agreements related to HS Code 99165205 can help businesses navigate international trade successfully.