Ice hockey and field hockey gloves, classified under HS code 61161005, are knitted or crocheted gloves that are impregnated, coated, or covered with plastics or rubber. These gloves are specifically designed for use in ice hockey and field hockey, providing players with protection, grip, and control during the game.
When it comes to international trade, the HS code plays a crucial role in identifying and categorizing different products. The HS code is a standardized system used by customs authorities worldwide to classify and track goods as they cross borders. It allows for efficient communication and ensures that trade regulations and tariffs are applied consistently.
The HS code 61161005 specifically refers to ice hockey and field hockey gloves that have been modified with plastics or rubber coatings. This modification enhances the performance and durability of the gloves, making them suitable for the demanding conditions of these sports.
One important aspect of the HS code is the bound or most-favored-nation (MFN) duty rate. The bound duty rate is the maximum rate that a country can apply to a specific product, while the MFN duty rate is the actual rate applied in most cases. In the case of HS code 61161005, the bound/MFN duty rate is free. This means that there are no tariffs or duties imposed on the import of these gloves, making them more accessible and affordable for consumers.
Additionally, there are special tariff preference programs in place for HS code 61161005. These programs provide further benefits to certain countries, reducing or eliminating the duty rates for imports. For example, countries such as Bahrain, Canada under NAFTA, Chile, Israel, Jordan, Mexico under NAFTA, Oman, Peru, and Singapore enjoy duty-free treatment for imports of ice hockey and field hockey gloves. Australia has a special rate of 3%, while Morocco has a special rate of 1%.
It is important to note that the HS code 61161005 applies to a specific product category, but the actual trade data may vary. In this case, the data provided indicates that the importing US state for this HS code is North Carolina. However, there is no information provided regarding the exporting US states. This suggests that the data may be incomplete or not available for analysis.
Overall, HS code 61161005 plays a crucial role in the international trade of ice hockey and field hockey gloves. It provides a standardized classification system, determines the duty rates, and allows for the implementation of special tariff preference programs. By understanding the HS code and its associated data, importers, exporters, and policymakers can make informed decisions and facilitate smoother trade transactions.