When it comes to the manufacturing or repairing of footwear, machinery plays a crucial role in ensuring efficiency and precision. HS Code 84532000 specifically identifies the category of machinery used in this industry. In this article, we will explore the details of this HS code, including its description, duty rates, special tariff preference programs, and the importing and exporting US states.
HS Code 84532000 refers to machinery designed for making or repairing footwear. This includes a wide range of equipment such as shoe making machines, sewing machines, cutting machines, and various other tools used in the production and repair processes. These machines are specifically designed to meet the unique requirements of the footwear industry, ensuring high-quality output and efficient operations.
The bound or most-favored-nation (MFN) duty rate for HS Code 84532000 is free. This means that every time a country lowers a trade barrier or opens up a market, it is obligated to do so for the same goods or services from all its trading partners. This duty-free treatment encourages international trade and promotes fair competition among countries.
The quantity unit for HS Code 84532000 is the number (NO). This indicates that the quantity of machinery for making or repairing footwear is measured in individual units.
HS Code 84532000 enjoys special tariff preference programs in several countries. These programs provide additional benefits and incentives for the import and export of machinery for making or repairing footwear. The following countries offer special rates for this HS code:
These special tariff preference programs aim to foster economic cooperation, promote international trade, and provide advantages for countries involved in the import and export of machinery for making or repairing footwear. It is important for businesses in the footwear industry to take advantage of these programs to maximize their competitiveness in the global market.
HS Code 84532000 is relevant for both importing and exporting activities in the United States. Companies engaged in the importation of machinery for making or repairing footwear can benefit from the duty-free treatment provided under the special tariff preference programs mentioned earlier. Similarly, US-based manufacturers and suppliers of such machinery can explore export opportunities to countries that offer special rates for this HS code.
When it comes to importing, some of the notable US states involved in the trade of machinery for making or repairing footwear include:
These states have a significant presence in the footwear industry and serve as major import hubs for machinery related to this HS code. On the other hand, US states engaged in exporting machinery for making or repairing footwear include:
These states are known for their manufacturing capabilities and play a crucial role in supplying machinery to international markets.
HS Code 84532000 identifies the machinery used in the production and repair of footwear. This HS code enjoys special tariff preference programs and offers duty-free treatment in various countries. Businesses in the footwear industry should leverage these programs to enhance their competitiveness. Moreover, the importing and exporting activities related to this HS code are significant in certain US states, making them key players in this industry.