Bamboo is a versatile and sustainable material that has been used for centuries in various applications. One such application is the production of mats, matting, and screens. The HS Code 46012140 specifically refers to woven or partly assembled materials of bamboo that are used for these purposes.
When it comes to international trade, understanding the HS Code is essential as it provides a standardized classification system for goods. The HS Code 46012140 helps customs authorities and traders identify and categorize products accurately, enabling smoother trade operations.
The product description for HS Code 46012140 states that it includes woven or partly assembled materials of bamboo for mats, matting, and screens. This indicates that the code encompasses a wide range of bamboo-based products that are used for these specific purposes.
It is important to note that the bound / MFN duty rate for HS Code 46012140 is 3.3%. This means that whenever 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 duty rate helps maintain fair and equal treatment for imported products of this category.
Although no units were collected for quantity, denoted by (X), the HS Code 46012140 is applicable regardless of the quantity of woven or partly assembled bamboo materials being imported or exported.
There are also special tariff preference programs associated with HS Code 46012140. These programs offer preferential treatment for importing countries, either by reducing or eliminating the duty rates. The following countries have special tariff preferences for this HS Code: Australia, Bahrain, Canada (under NAFTA), Chile, the Caribbean Basin Initiative (CBI) countries, Israel, the Andean Trade Preference Act (ATPA) countries, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American countries (under DR-CAFTA), Peru, and Singapore.
These special tariff preference programs provide opportunities for eligible countries to import woven or partly assembled materials of bamboo for mats, matting, and screens at reduced or duty-free rates. This can encourage trade relationships and promote the use of sustainable materials like bamboo.
In terms of importing and exporting, the HS Code 46012140 is relevant to all US states. It signifies that woven or partly assembled bamboo materials for mats, matting, and screens can be traded between any US state without any specific restrictions or limitations.
HS Code 46012140 plays a crucial role in classifying and facilitating the trade of woven or partly assembled materials of bamboo for mats, matting, and screens. It ensures fair treatment and provides opportunities for preferential tariff programs, encouraging sustainable trade practices and the use of eco-friendly materials.