When it comes to international trade, every product is classified under a specific HS (Harmonized System) code. The HS Code 51111960 represents woven fabrics with 85 percent or more by weight of carded wool/fine animal hair nesoi, with a weight over 300 g/m2. Let's delve deeper into the details of this HS code and understand its implications in international trade.
The HS Code 51111960 specifically refers to woven fabrics made predominantly from carded wool or fine animal hair. These fabrics are classified under this HS code if they contain 85 percent or more by weight of carded wool/fine animal hair, and if the weight of the fabric is over 300 g/m2. It is important to note that this HS code excludes fabrics containing synthetic fibers or other materials in significant proportions.
Woven fabrics in this category are known for their quality, warmth, and durability. They are commonly used in the production of high-end clothing, upholstery, and other textile products where the properties of wool or fine animal hair are desired.
The bound/MFN (Most Favored Nation) duty rate for products falling under the HS Code 51111960 is set at 25%. The MFN principle ensures that 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 duty rate is applied uniformly to all countries unless a specific preferential tariff program or trade agreement applies.
The quantity unit for measuring the woven fabrics classified under the HS Code 51111960 is square meters (m2). This unit is used to determine the area of the fabric, which is crucial in calculating the quantity and cost of the product being traded.
While the bound/MFN duty rate for the HS Code 51111960 is set at 25%, there are several special tariff preference programs that offer reduced or duty-free rates for certain countries. These programs aim to promote trade and economic cooperation between countries. Here are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs provide certain countries with advantages in terms of reduced import duties or duty-free treatment, making trade more favorable and encouraging stronger economic ties.
The HS Code 51111960 applies to woven fabrics with carded wool/fine animal hair imported into and exported from the United States. The specific states involved in importing and exporting these fabrics may vary depending on various factors such as manufacturing centers, distribution networks, and trade agreements. However, some of the prominent states that are often involved in the import and export of these fabrics include:
These states have a significant presence in the textile industry, and their involvement in importing and exporting woven fabrics with carded wool/fine animal hair contributes to the overall trade volume and economic growth.
the HS Code 51111960 represents woven fabrics with 85 percent or more by weight of carded wool/fine animal hair nesoi, with a weight over 300 g/m2. It is important for businesses involved in international trade to understand the implications of this HS code, including the bound/MFN duty rate, special tariff preference programs, and the states involved in importing and exporting these fabrics. By staying informed about these details, businesses can make informed decisions and optimize their trade activities.