The HS Code 84678950 refers to a specific category of tools used for working in the hand. These tools are hydraulic or have a self-contained non-electric motor. They are designed for various applications and are not specifically suitable for metal working.
When it comes to trade, the MFN (Most Favored Nation) duty rate for this HS code is free. 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 promotes fair and equal trade practices among nations.
The quantity unit for this HS code is measured in numbers (NO). This indicates that the unit of measurement for these tools is individual units or pieces.
There are also special tariff preference programs available for this HS code. The following countries offer free trade preferences for this category of tools:
These special tariff preference programs allow for reduced or duty-free trade between the countries mentioned. It promotes economic cooperation and trade relationships among these nations.
In terms of import, the following US states are known to import products classified under HS Code 84678950:
On the other hand, the following US states are known to export products classified under HS Code 84678950:
The HS Code 84678950 covers a wide range of tools for various hand-operated applications. Its duty-free status and inclusion in special tariff preference programs make it an attractive category for international trade. Understanding the details and implications of this HS code can help businesses and traders navigate the global market more effectively.