Footwear has always been an essential part of our daily lives. From protecting our feet to making a fashion statement, shoes play a crucial role in our lives. In this article, we will explore the HS Code 64029916, which refers to footwear with outer soles and uppers made of rubber or plastics, not protective, and valued over $3 but not exceeding $6.50 per pair.
The HS Code 64029916 specifically applies to footwear that meets the following criteria:
This HS Code covers a wide range of footwear styles and designs, including sneakers, sandals, and casual shoes. The inclusion of metal toe-caps adds a touch of durability and style to these footwear products.
The bound / MFN (Most Favored Nation) duty rate for HS Code 64029916 is 90 cents per pair, plus an additional 37.5% of the value. This duty rate is applicable for all countries unless specified otherwise through special tariff preference programs or trade agreements.
Several countries have established special tariff preference programs for footwear falling under HS Code 64029916. These programs offer preferential duty rates or duty-free treatment to promote trade and economic cooperation. Here are some examples:
These special tariff preference programs aim to foster international trade relations and encourage the exchange of goods between countries.
When it comes to importing footwear classified under HS Code 64029916, the following US states stand out:
These states have shown a higher demand for footwear with rubber or plastic soles and uppers, demonstrating the popularity and market potential of these products.
While the data provided does not specify the exporting US states for HS Code 64029916, it is essential to recognize that the United States is a significant exporter of footwear worldwide. States like California, New York, and Texas are known for their robust footwear manufacturing and exporting industries.
HS Code 64029916 encompasses a diverse range of footwear products with rubber or plastic soles and uppers. The inclusion of metal toe-caps adds a touch of style and durability to these shoes. Special tariff preference programs and trade agreements, such as NAFTA, promote international trade by offering duty-free treatment or preferential duty rates. Importing US states like Minnesota, Virginia, Arkansas, and Kansas demonstrate the demand for these footwear products. As the global footwear industry continues to evolve, HS Code 64029916 remains an important classification for footwear importers and exporters.