When it comes to international trade, the Harmonized System (HS) plays a vital role in classifying products and facilitating smooth transactions between countries. One such HS code, 99170437, pertains to Peru goods falling under subheading 2105.00.40. In this article, we will delve into the details of this HS code, its product description, import-export information, and more.
The product description under HS code 99170437 refers to goods originating from Peru and falling within subheading 2105.00.40. To provide more clarity, let's break down this description:
It's important to note that the HS code 99170437 indicates a specific product category for tracking and regulatory purposes. Such classification enables governments, businesses, and individuals to better understand and manage international trade.
When dealing with international trade, it is crucial to understand the bound or Most Favored Nation (MFN) duty rate. This rate refers to the tariff applied to imported goods and is determined by the World Trade Organization (WTO) member countries.
With regards to HS code 99170437, the bound / MFN duty rate would vary depending on the country of import. However, a fundamental principle of trade agreements is that when 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. This ensures fair and equal treatment for all countries participating in global trade.
The quantity unit for goods classified under HS code 99170437 is not explicitly mentioned in the available data. However, the quantity unit typically varies depending on the nature of the product. It can be measured in weight, volume, pieces, or any other appropriate metric.
Special tariff preference programs aim to promote trade and economic cooperation between countries. For HS code 99170437, the special tariff preference program applicable is "Free (PE)." Let's explore the details:
These preferential programs encourage trade relationships, fostering economic growth and mutually beneficial outcomes for participating countries.
HS code 99170437 involves the import and export of goods between the United States and other countries, including Peru. While the specific data for importing and exporting US states is not provided here, it is worth noting that international trade involves various states within the US.
For example, if a US state has a strong demand for goods classified under HS code 99170437, it may import them from Peru to meet its domestic requirements. Conversely, US states with a surplus of similar goods may export them to Peru or other countries in need.
HS code 99170437 represents Peru goods falling under subheading 2105.00.40. Understanding the product description, the bound / MFN duty rate, special tariff preference programs, and the dynamics of importing and exporting US states is crucial for businesses and individuals engaged in international trade. By adhering to the regulations and utilizing the HS code system, trade can be conducted efficiently, benefiting economies and fostering global cooperation.