Copper stranded wire is a versatile and widely used product in various industries. It is commonly used for electrical purposes, such as wiring in buildings and power transmission. This article will provide an extensive overview of HS Code 74130010, including its product description, bound duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states.
HS Code 74130010 refers to copper stranded wire that is not electrically insulated, not fitted with fittings, and not made up into articles. This means that the wire is in its raw form and not yet processed or fabricated into specific products.
Copper stranded wire is composed of multiple strands of copper wire twisted together to form a single conductor. The stranding increases the flexibility and durability of the wire, making it suitable for various applications.
The bound duty rate for HS Code 74130010 is 3%. The bound duty rate represents the maximum tariff rate that a country can impose on imports of a particular product. However, it is important to note that countries may apply lower duty rates through trade agreements or special tariff preference programs.
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 principle, known as the most favored nation (MFN) principle, ensures non-discrimination in trade.
The quantity unit for HS Code 74130010 is kilograms (KG). This unit of measurement is commonly used to quantify the weight of copper stranded wire being imported or exported.
HS Code 74130010 is eligible for various special tariff preference programs, which provide preferential treatment in terms of duty rates. The following programs offer duty-free treatment for imports of copper stranded wire:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
HS Code 74130010 is imported and exported by various US states. Some of the major importing US states for copper stranded wire include:
These states have a significant demand for copper stranded wire due to their large construction and manufacturing industries.
On the other hand, the major exporting US states for copper stranded wire are:
These states are known for their copper production and manufacturing capabilities, making them key players in the export of copper stranded wire.
HS Code 74130010 represents copper stranded wire that is not electrically insulated, not fitted with fittings, and not made up into articles. It has a bound duty rate of 3%, with the possibility of lower duty rates through special tariff preference programs. The quantity unit is kilograms (KG), and the product is imported and exported by various US states. Understanding the details of this HS code is crucial for businesses involved in the import and export of copper stranded wire.