When it comes to international trade, the Harmonized System (HS) Code is used to classify and identify goods. HS Code 51052900 specifically refers to wool tops and other combed wool, except in fragments. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting states for this particular HS Code.
HS Code 51052900 covers wool tops and combed wool, excluding fragments. Wool tops are the result of the combing process, where shorter fibers are removed, leaving behind longer and more uniform fibers. Combed wool is highly valued for its softness, fineness, and ability to be spun into high-quality yarn.
The bound or most-favored-nation (MFN) duty rate for HS Code 51052900 is 3.9 cents per kilogram (KG) plus 3.1% of the value. This means that when 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.
The quantity unit for HS Code 51052900 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of the goods being imported or exported.
There are several special tariff preference programs that apply to HS Code 51052900. These programs provide preferential treatment to certain countries, either by granting duty-free status or by applying reduced duty rates.
These special tariff preference programs aim to promote trade and economic cooperation between countries, providing advantages for both importers and exporters of wool tops and combed wool.
HS Code 51052900 is relevant for both importing and exporting wool tops and combed wool in the United States. While the specific states engaged in trade for this HS Code are not mentioned in the provided data, it is important to note that various states across the country participate in the import and export of these products.
HS Code 51052900 covers wool tops and combed wool, excluding fragments. It is essential for international trade purposes and allows goods to be classified and identified consistently across different countries. The duty rates, quantity unit, special tariff preference programs, and involvement of various US states in the import and export of this HS Code contribute to the growth and development of the global wool industry.