HS Code 87115000: Motorcycles and Cycles with Recip. Internal-Combustion Piston Engine
Motorcycles and cycles are popular modes of transportation worldwide. They offer convenience, flexibility, and a thrilling experience for riders. HS Code 87115000 specifically refers to motorcycles and cycles fitted with reciprocating internal-combustion piston engines with a capacity over 800 cc.
The HS code is an internationally recognized system for classifying traded products. It helps in identifying products for customs purposes, trade statistics, and tariff determination. In this case, HS Code 87115000 is used to categorize and regulate the import and export of motorcycles and cycles with larger engines.
When it comes to trade barriers and market access, countries often negotiate and establish agreements to promote fair trade. The bound or Most Favored Nation (MFN) duty rate for HS Code 87115000 is 2.4%. This means that countries must apply this duty rate to imports of motorcycles and cycles with reciprocating internal-combustion piston engines over 800 cc from all their trading partners, unless they have a special tariff preference program in place.
Fortunately, there are several special tariff preference programs available for motorcycles and cycles under HS Code 87115000. These programs offer reduced or duty-free treatment for imports from specific countries. The following countries enjoy special tariff rates for this HS code:
- Australia (duty-free treatment)
- Austria (duty-free treatment)
- Bahrain (special rate)
- Canada (duty-free treatment under NAFTA)
- Chile (special rate)
- European Union countries (duty-free treatment)
- Israel (special rate and duty-free treatment)
- Japan (duty-free treatment)
- Jordan (special rate)
- Morocco (special rate)
- Mexico (duty-free treatment under NAFTA)
- Oman (special rate)
- Peru (special rate)
- Singapore (special rate)
These special tariff preference programs aim to promote trade and strengthen economic ties between countries. They provide incentives for importing motorcycles and cycles with reciprocating internal-combustion piston engines over 800 cc from the listed countries.
In terms of import and export data, the quantity unit for HS Code 87115000 is the number (NO). This unit represents the number of motorcycles or cycles being imported or exported.
Although the data provided does not specify the exporting US states, it does indicate that Utah is the importing state for motorcycles and cycles under HS Code 87115000. This suggests that there is a demand for these vehicles in Utah, possibly due to its favorable terrain or motorcycle culture.
HS Code 87115000 encompasses motorcycles and cycles fitted with reciprocating internal-combustion piston engines with a capacity over 800 cc. It is essential for importers, exporters, and policymakers to understand the regulations, duty rates, and special tariff preference programs associated with this HS code. By doing so, they can navigate the international trade landscape more effectively and promote the growth of the motorcycle and cycle industry.
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