HS Code 51121995: Woven fabrics of combed wool/fine animal hair
Woven fabrics of combed wool/fine animal hair, classified under HS Code 51121995, are textiles made from combed wool or fine animal hair. These fabrics are highly versatile and are used in various industries for manufacturing a wide range of products.
The HS Code 51121995 specifically refers to woven fabrics that contain over 85% wool or fine animal hair and have a weight of over 200 grams per square meter (g/m2). This code helps in accurately identifying and categorizing these fabrics for international trade purposes.
When it comes to import and export regulations, the MFN (Most Favored Nation) duty rate for this HS Code is 25%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. It ensures fair and equal treatment for all countries involved in international trade.
The quantity unit used for measuring these fabrics is square meters (M2). This unit helps in determining the total area of fabric being imported or exported, providing an easy and standardized measurement for trade transactions.
In terms of special tariff preference programs, several countries have specific rates for importing woven fabrics of combed wool/fine animal hair under HS Code 51121995. These rates are as follows:
1. Free trade agreements: Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX), Panama (P), Peru (PE), and Singapore (SG) offer duty-free treatment for these fabrics. This means that importers from these countries can bring in these fabrics without paying any additional duties.
2. Australia (AU) offers a special rate of 3% for importing these fabrics. This reduced rate provides a competitive advantage for Australian importers, making these fabrics more affordable and accessible in the Australian market.
3. Morocco (MA) offers a special rate of 2.6% for importing these fabrics. This rate ensures that Moroccan importers can bring in these fabrics at a lower cost, promoting trade and supporting the local textile industry.
4. Oman (OM) applies a special rate of 20% for importing these fabrics. While this rate is higher compared to the other countries mentioned, it still allows for the importation of these fabrics into Oman, albeit with additional duties.
The HS Code 51121995 is relevant for both importing and exporting US states. US importers can bring in these fabrics from various countries, while US exporters can sell these fabrics to international buyers. The code ensures that the fabrics are correctly classified and regulated for smooth trade operations.
the HS Code 51121995 refers to woven fabrics of combed wool/fine animal hair, which are widely used in various industries. This code helps in accurately identifying and categorizing these fabrics for international trade. The code also ensures fair treatment through the MFN duty rate and provides information about special tariff preference programs for different countries. Importing and exporting US states can benefit from the trade of these fabrics, contributing to global commerce and economic growth.
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