HS Code 45041040: Agglomerated Cork Wallcoverings
Agglomerated cork wallcoverings, backed with paper or otherwise reinforced, fall under HS Code 45041040. This code is used to classify and identify this specific type of product for international trade purposes. In this article, we will explore the details of this HS code and discuss its implications.
The product description for HS Code 45041040 is "Agglomerated cork wallcoverings, backed with paper or otherwise reinforced." This means that the cork wallcoverings are made by compressing small cork granules together and then backing them with paper or providing additional reinforcement. This process results in a durable and versatile material that is used for various applications, particularly in interior design and decoration.
When it comes to trade barriers and tariffs, the bound or Most Favored Nation (MFN) duty rate for HS Code 45041040 is free. This means that countries must provide duty-free treatment for this product whenever they lower a trade barrier or open up their market. This ensures equal treatment for all trading partners and promotes fair and open international trade.
The quantity unit for HS Code 45041040 is kilograms (KG). This unit is used to measure the weight of the agglomerated cork wallcoverings during import and export processes. It allows for accurate calculation and documentation of the product's quantity for customs and regulatory purposes.
In addition to the MFN duty rate, there are also special tariff preference programs available for HS Code 45041040. These programs provide additional benefits and exemptions for specific countries. The following countries enjoy special tariff rates for this product: Australia, Bahrain, Canada, Chile, European Union (EU), Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore.
The Generalized System of Preferences (GSP) provides duty-free treatment for agglomerated cork wallcoverings from eligible countries. Australia, Bahrain, Canada, Chile, Israel, Jordan, Morocco, Mexico, Oman, Peru, and Singapore have special rates under this program.
The NAFTA agreement between the United States, Canada, and Mexico also offers duty-free treatment for this product. It encourages trade and economic cooperation among these countries.
Other special rates and preferences include the Caribbean Basin Initiative (CBI) for eligible countries in the Caribbean region, the Andean Trade Preference Act (ATPA) for countries in the Andean region, and the Dominican Republic-Central American Special Rate (DR-CAFTA) for countries in the Dominican Republic and Central America.
When importing agglomerated cork wallcoverings under HS Code 45041040, it is essential to be aware of the exporting US states. The specific states exporting this product may vary depending on market demand and production capabilities. It is crucial to consider the origin and quality of the cork wallcoverings when making purchasing decisions.
HS Code 45041040 represents agglomerated cork wallcoverings backed with paper or otherwise reinforced. This code is used for the classification and identification of this product in international trade. Understanding the details and implications of this HS code is essential for importers, exporters, and trade regulators. The availability of special tariff preference programs further enhances trade opportunities for this product.
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