Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 84834090: Gears and gearing, other than toothed wheels, chain sprockets and other transmission elements entered separately

Gears and gearing are an essential component in various mechanical systems, enabling the transfer of power and motion between different parts. In international trade, these products are classified under HS Code 84834090. This code specifically refers to gears and gearing, excluding toothed wheels, chain sprockets, and other transmission elements entered separately.

When it comes to tariff rates, the bound / MFN duty rate for HS Code 84834090 is 2.5%. The MFN (Most Favored Nation) principle means that every time 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. This ensures fair trade practices and equal treatment for all nations involved.

Currently, no specific quantity unit is collected for HS Code 84834090, as denoted by "no units collected (X)." This implies that the measurement of these gears and gearing products is not directly quantifiable or relevant for determining import or export duties.

Various special tariff preference programs are available for HS Code 84834090. These programs provide reduced or duty-free treatment for importers and exporters engaging in trade activities involving these products. Some of the special tariff preference programs applicable to this HS code are:

• Free: Generalized System of Preferences (GSP) - This program offers duty-free treatment for eligible countries.
• Australia Special Rate - A specific tariff rate agreed upon between Australia and the importing country.
• Automotive Products Trade Act (APTA) - A program offering duty-free treatment for automotive products.
• Bahrain Special Rate - A specific tariff rate agreed upon between Bahrain and the importing country.
• Agreement on Trade in Civil Aircraft - This program provides duty-free treatment for civil aircraft-related trade.
• NAFTA for Canada and Mexico - The North American Free Trade Agreement (NAFTA) offers duty-free treatment for Canada and Mexico.
• Chile Special Rate - A specific tariff rate agreed upon between Chile and the importing country.
• Caribbean Basin Initiative (CBI) - This program provides duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate - A specific tariff rate agreed upon between Israel and the importing country.
• Andean Trade Preference Act (ATPA) - A program offering duty-free treatment for eligible countries in the Andean region.
• Jordan Special Rate - A specific tariff rate agreed upon between Jordan and the importing country.
• Morocco Special Rate - A specific tariff rate agreed upon between Morocco and the importing country.
• Oman Special Rate - A specific tariff rate agreed upon between Oman and the importing country.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - A program offering duty-free treatment for eligible countries in the Dominican Republic-Central American region.
• Peru Special Rate - A specific tariff rate agreed upon between Peru and the importing country.
• Singapore Special Rate - A specific tariff rate agreed upon between Singapore and the importing country.

Importers in the United States, particularly in the states of Colorado, Florida, Kansas, New Hampshire, and Oklahoma, engage in the importation of gears and gearing products classified under HS Code 84834090. These states have a demand for these mechanical components, likely due to their industrial activities and manufacturing sectors.

On the other hand, exporters in the United States, mainly from the states of New Hampshire, North Carolina, and the Virgin Islands, contribute to the international trade of gears and gearing products. These states may have thriving manufacturing industries that produce these products for export to various countries around the world.

HS Code 84834090 plays a crucial role in facilitating the trade of gears and gearing products globally. Its classification allows for accurate identification and tracking of these goods, ensuring proper determination of tariff rates and eligibility for special tariff preference programs. As the demand for mechanical systems continues to grow, the importance of HS Code 84834090 in international trade remains significant.