Gloves, mittens, and mitts are essential accessories that provide warmth and protection to our hands in various weather conditions. The HS Code 61169388 specifically refers to gloves made of synthetic fibers, which do not contain more than 23% by weight of wool or similar materials, and do not have fourchettes (the strip of material between the fingers).
When it comes to international trade, the Harmonized System (HS) Code is used to classify and identify different products. The HS Code 61169388 helps customs authorities and traders worldwide to understand the nature of the gloves being imported or exported. It ensures uniformity in trade documentation and facilitates the smooth flow of goods across borders.
The bound or Most Favored Nation (MFN) duty rate for gloves falling under HS Code 61169388 is 18.6%. This means that whenever a country lowers its trade barriers or opens up its market, it must do so for the same type of gloves from all its trading partners. The MFN principle promotes fair and non-discriminatory trade practices.
The quantity unit for gloves classified under HS Code 61169388 is a dozen pairs (DPR). This standard unit of measurement simplifies trade transactions and enables accurate calculation of quantities during import or export processes.
In addition to the general duty rate, some countries offer special tariff preference programs for gloves under HS Code 61169388. These programs aim to promote trade and economic cooperation between countries by providing preferential treatment in terms of duty rates. For example, gloves imported into the United States from Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and certain other countries enjoy duty-free treatment. However, gloves imported from the Eastern Caribbean Basin Initiative (CBI) countries are subject to a duty rate of 16.3%. Similarly, gloves imported from Morocco are subject to a duty rate of 1.8%.
It is important to note that the HS Code 61169388 applies to both the importing and exporting sides of trade. This means that the code is used by both the country importing the gloves and the country exporting them to ensure accurate classification and documentation.
Overall, the HS Code 61169388 plays a crucial role in international trade by providing a standardized classification for gloves made of synthetic fibers. It helps ensure transparency, fairness, and efficiency in trade transactions, allowing businesses and consumers to benefit from the exchange of quality products across borders.