The HS Code 71161010 refers to natural pearl articles. This code is used to classify and identify specific products for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and importing and exporting US states.
Natural pearl articles are the primary focus of the HS Code 71161010. This code is used to classify products made from natural pearls, such as jewelry, necklaces, bracelets, earrings, and other accessories. Natural pearls are formed within oysters or mollusks, and their unique beauty and rarity make them highly valued in the jewelry industry.
The bound or most-favored-nation (MFN) duty rate for HS Code 71161010 is 3.3%. This means that when 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. Thus, the duty rate of 3.3% applies to natural pearl articles imported under this HS code.
HS Code 71161010 is eligible for various special tariff preference programs, providing certain countries with preferential treatment or duty-free access. The following countries participate in these programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products, including natural pearl articles.
When it comes to importing natural pearl articles classified under HS Code 71161010, the following US states are involved:
These states are involved in the importation of natural pearl articles, suggesting a demand for these products in these regions.
On the other hand, the following US states are involved in the exportation of natural pearl articles classified under HS Code 71161010:
These states are involved in the exportation of natural pearl articles, indicating their production or distribution capabilities in the industry.
HS Code 71161010 represents natural pearl articles, including jewelry and accessories made from natural pearls. It is important to understand this HS code and its associated details when engaging in international trade involving these products. The bound duty rate, special tariff preference programs, and the involvement of specific US states in importing and exporting further shape the dynamics of this trade category.