Agglomerated cork and articles of cork, NESOI (Not Elsewhere Specified or Included) are classified under HS Code 45049000. This code is used to identify and categorize these specific types of cork products for import and export purposes.
Cork is a versatile and sustainable material that is derived from the bark of the cork oak tree. It has unique properties such as being lightweight, buoyant, and resistant to moisture, fire, and wear. These characteristics make cork suitable for a wide range of applications, including flooring, insulation, construction, packaging, and even fashion accessories.
The HS Code 45049000 encompasses various agglomerated cork products and articles made from cork that are not covered by other specific HS codes. This category includes items such as cork stoppers, cork sheets, cork rolls, cork coasters, cork tiles, and other cork-based products that are not classified under other HS codes.
The bound or Most Favored Nation (MFN) duty rate for HS Code 45049000 is free. This means that there are no tariffs or duties imposed on the import or export of agglomerated cork and articles of cork, NESOI. Countries must apply the same duty-free treatment to these goods from all their trading partners when trade barriers are lowered or markets are opened up.
This duty-free treatment promotes international trade and encourages the use of cork products in various industries. It eliminates trade barriers and makes cork more accessible and affordable for businesses and consumers worldwide.
Several special tariff preference programs provide additional benefits for the import and export of agglomerated cork and articles of cork, NESOI. These programs offer duty-free treatment or reduced duty rates for eligible countries. Some of the notable programs include:
These special tariff preference programs aim to enhance trade relations, promote economic cooperation, and provide incentives for the import and export of agglomerated cork and articles of cork, NESOI. They make these cork products more competitive in the global market and encourage international business partnerships.
Agglomerated cork and articles of cork, NESOI classified under HS Code 45049000 are imported and exported by various US states. The exact quantity unit of these cork products collected is not specified (X). However, the demand for cork is significant in many industries, including construction, wine production, and manufacturing.
Some of the major importing US states for agglomerated cork and articles of cork, NESOI include:
These states have a high demand for cork products due to their diverse industries and large consumer markets. They import these cork products to meet the needs of various sectors and businesses.
On the other hand, the major exporting US states for agglomerated cork and articles of cork, NESOI include:
These states are known for their cork production facilities and export these cork products to both domestic and international markets. They contribute to the global supply of agglomerated cork and articles of cork, NESOI.
HS Code 45049000 represents agglomerated cork and articles of cork, NESOI. These versatile and sustainable cork products have various applications across industries. The duty rate for this HS code is free, and several special tariff preference programs provide additional benefits for eligible countries. Agglomerated cork and articles of cork, NESOI are imported and exported by different US states, contributing to international trade and the global cork market.