The commodities examined are classified by Harmonized Tariff Schedule (HTS) code 97, covering works of art, collectors’ pieces and antiques. HTS 97 specifically comprises paintings, drawings, engravings, prints, lithographs, sculptures, statuary, and stamps. It also includes collectors' pieces and collections of zoological, botanical, mineralogical, anatomical, historical, archaeological, and paleontological materials. Numismatics fall under the definition as well. So too do antiques over 100 years old.
One can easily see the striking value differences over the last five years.In 2010, 2012 and 2013 the gaps in U.K.-U.S. customs values measure at least 50% or more for each of those years.
Also noteworthy is the pattern whereby the reported values of U.K. HTS 97 exports are consistently higher than the reported values of U.S. HTS 97 imports.
The actual value gaps--the differences between the reported U.K. HTS 97 export values and the reported U.S. HTS 97 import values--from 2009 through 2013, and their percentage differences, are outlined in the table below.
Notes about the data:
The U.S. and the U.K. each define what is covered under HTS 97 in documents found here and here, respectively. They both title HTS 97 as “Works of Art, Collectors’ Pieces and Antiques,” and both nations supply substantially the same definitions and exclusions.
Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archeological, paleontological, ethnographic or numismatic interest.
Antiques of an age exceeding one hundred years.
Both nations carry this same exclusion:
Update 5/14/14: A screenshot showing the actual HM Revenue & Customs export data produced in the agency's original format. The data table clearly displays code 97, the “Export” tables, and identifies the values documenting exports to the "United States."
Update 5/14/14: A screenshot showing the actual USITC import data produced in the agency's original format. The second row shows the import values from the U.K. for HTS 97 goods.
By Rick St. Hilaire Text copyrighted 2010-2014 by Ricardo A. St. Hilaire, Attorney & Counselor at Law, PLLC. Blog url: culturalheritagelawyer.blogspot.com. Any unauthorized reproduction or retransmission of this post is prohibited. CONTACT INFORMATION: www.culturalheritagelawyer.com