Safety pins are a common household item that we often take for granted. They serve a variety of purposes, from fastening clothing to securing documents. However, have you ever wondered how safety pins are classified for international trade? The answer lies in the Harmonized System (HS) code, specifically HS code 73192000.
HS code 73192000 refers to iron or steel safety pins. This code is used to classify these products for customs and trade purposes. It is an essential tool for importers, exporters, and customs officials to ensure accurate and efficient trade operations.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) duty rate plays a significant role. For HS code 73192000, the MFN duty rate is 4.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS code 73192000 is gross (GRS). This unit of measurement is commonly used to determine the total weight or quantity of a product, including packaging and other materials.
There are also special tariff preference programs associated with HS code 73192000. These programs provide certain countries with preferential treatment, including duty-free access to the market. The countries that benefit from these programs for iron or steel safety pins include:
These preferential programs aim to promote economic development and strengthen trade relationships between countries. By providing duty-free treatment or special rates, they encourage importers and exporters to engage in trade activities and benefit from reduced costs.
Now, let's take a look at the importing and exporting US states for HS code 73192000. According to the available data, the state of Michigan appears multiple times as both an importing and exporting state for iron or steel safety pins. This suggests that there is a significant demand for these products in Michigan, making it an active player in the trade of safety pins.
HS code 73192000 is used to classify iron or steel safety pins for international trade purposes. It plays a crucial role in determining trade barriers, duty rates, and preferential treatment for certain countries. Understanding this code is essential for importers, exporters, and customs officials to ensure smooth and efficient trade operations.