HS Code 51121160: Woven Fabrics of Combed Wool/Fine Animal Hair
Woven fabrics of combed wool or fine animal hair are classified under HS Code 51121160. These fabrics are composed of over 85% wool or hair and have a weight not exceeding 200 g/m2. This HS code is used to classify and regulate the import and export of these specific fabrics.
The bound or Most Favored Nation (MFN) duty rate for HS Code 51121160 is 25%. The MFN duty rate refers to the rate applied to imports or exports when a country lowers a trade barrier or opens up a market. It is important to note that when a country implements a lower duty rate for a specific product, it must do so for all its trading partners. This ensures fair and equal treatment in international trade.
The quantity unit for HS Code 51121160 is square meters (M2). This unit is used to measure the area of the woven fabrics and facilitate accurate trade transactions.
There are also special tariff preference programs available for imports of HS Code 51121160. These programs provide reduced or duty-free rates for specific countries. The following countries and territories offer special tariff preferences for this HS code:
- Bahrain (Free)
- Canada (NAFTA - Duty-free treatment)
- Chile (Special Rate)
- Israel (Special Rate - Duty-free treatment)
- Jordan (Special Rate)
- Mexico (NAFTA - Duty-free treatment)
- Dominican Republic-Central America (DR-CAFTA - Special Rate)
- Peru (Special Rate)
- Singapore (Special Rate)
It is important for importers and exporters to be aware of these special tariff preference programs to take advantage of reduced duty rates and foster trade relationships with these countries.
When importing HS Code 51121160 into the United States, the exporting countries can vary. The specific exporting countries may depend on various factors such as production capabilities, trade agreements, and market demand. Conversely, when exporting HS Code 51121160 from the United States, the importing countries may also vary for similar reasons.
HS Code 51121160 classifies woven fabrics of combed wool or fine animal hair, with over 85% wool or hair content and a weight not exceeding 200 g/m2. It is important for businesses involved in the import and export of these fabrics to be familiar with the applicable duty rates, special tariff preference programs, and the quantity unit. Understanding and complying with these regulations will facilitate smooth trade transactions and foster international trade relationships.
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