The HS Code 90160020 refers to electrical balances with a sensitivity of 5 cg (centigrams) or better, along with their parts and accessories. These balances are used for accurate and precise measurement of weight in various industries and scientific laboratories.
When it comes to international trade, countries often impose import duties on goods to protect domestic industries and generate revenue. The bound/MFN (Most Favored Nation) duty rate for HS Code 90160020 is 3.9%. However, countries may lower their trade barriers or open up their markets through special tariff preference programs.
Several countries participate in special tariff preference programs that provide duty-free treatment for imports of electrical balances under HS Code 90160020. These countries include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by eliminating or reducing import duties on specific goods.
Import data for HS Code 90160020 shows that the following US states have imported these electrical balances:
On the other hand, the following US states have been exporting electrical balances under this HS Code:
These states play a significant role in the import and export of electrical balances, contributing to the international trade of precision weighing equipment.
Overall, HS Code 90160020 encompasses electrical balances with a sensitivity of 5 cg or better, along with their parts and accessories. Import duties can be levied on these products, but several countries offer duty-free treatment through special tariff preference programs. The import and export of these balances are facilitated by various US states, promoting global trade and scientific advancements.