HS Code 99150481 refers to specific goods that fall under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) member countries. The goods covered by this code are categorized under different subheadings, including 0406.10.08, 0406.10.88, 0406.20.91, 0406.30.91, or 0406.90.97. These subheadings are subject to the limits mentioned in note 10(b) of the agreement.
DR-CAFTA is a free trade agreement between the United States and several countries in Central America and the Dominican Republic. It aims to promote economic integration and trade among the member countries by eliminating tariffs and other trade barriers.
Under the DR-CAFTA agreement, 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 means that the bound or most-favored-nation (MFN) duty rate applies to the goods covered by HS Code 99150481. The bound duty rate ensures that all member countries receive equal treatment when it comes to trade.
Unfortunately, the quantity unit for the goods under HS Code 99150481 is not available (NA). This means that the specific unit of measurement for these goods is not mentioned or may vary depending on the nature of the product.
For goods falling under HS Code 99150481, a special tariff preference program is applicable. The specific rate for these goods is $1.509 per kilogram (P+). This rate is known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). It provides additional preferential treatment for goods traded between the member countries of DR-CAFTA.
HS Code 99150481 applies to the import and export of goods between the United States and the member countries of DR-CAFTA. The specific states involved in the import and export process may vary depending on the origin and destination of the goods.
The DR-CAFTA agreement has opened up new opportunities for trade and economic growth between the United States and the Central American countries, including the Dominican Republic. It has facilitated the movement of goods across borders, reduced trade barriers, and increased market access for businesses in these regions.
It is important for importers, exporters, and businesses engaged in trade to understand the regulations and requirements associated with HS Code 99150481. Compliance with the DR-CAFTA agreement and its provisions ensures fair and equitable trade practices among member countries, promoting economic development and cooperation in the region.
HS Code 99150481 pertains to specific goods covered under the DR-CAFTA agreement. Understanding the details of this code, including the bound duty rate, special tariff preference programs, and the countries involved in import and export, is crucial for businesses looking to engage in trade activities within this trade bloc.