When it comes to international trade, it is essential to have a standardized system for classifying goods. The Harmonized System (HS) Code is an internationally recognized system that allows countries to classify products in a uniform manner. In this article, we will delve into the details of HS Code 62029345, which refers to women's or girls' anoraks, windbreakers, and similar articles made of manmade fibers, not knitted or crocheted, and water resistant.
Product Description:
Bound / MFN Duty Rate:
Quantity Unit:
Special Tariff Preference Programs:
Importing US States:
Exporting US States:
HS Code 62029345 applies specifically to women's or girls' anoraks, windbreakers, and similar articles made of manmade fibers. These products are not knitted or crocheted and are designed to be water resistant. The HS Code allows for easy classification and identification of these products in international trade.
When importing or exporting products under this HS Code, it is important to be aware of the duty rate. In the case of HS Code 62029345, the bound / MFN duty rate is 7.1%. This means that every time 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.
The quantity unit for this HS Code is dozens (DOZ), which indicates that the products are typically traded in multiples of 12.
There are also special tariff preference programs available for products under HS Code 62029345. These programs allow for reduced or duty-free treatment when trading with specific countries. For example, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Panama, Peru, and Singapore offer duty-free treatment. Australia offers a special rate of 6.3%, while Morocco offers a special rate of 0.7%.
It is important to note that the exact details and eligibility criteria for these special tariff preference programs may vary. Importers and exporters should consult with the relevant authorities and refer to the specific trade agreements or regulations that apply to their trade activities.
Lastly, it is worth mentioning that certain US states may have a higher demand for products under HS Code 62029345. These states commonly import these women's or girls' anoraks, windbreakers, and similar articles made of manmade fibers. On the other hand, there may also be US states that are known for exporting such products.
HS Code 62029345 is a specific classification for women's or girls' anoraks, windbreakers, and similar articles made of manmade fibers. Understanding this HS Code is crucial for importers, exporters, and government authorities involved in international trade. By following the guidelines and utilizing the special tariff preference programs, businesses can benefit from reduced duty rates and expand their market reach.