HS Code 51129050: Woven Tapestry/Upholstery Fabrics of Combed Wool/Fine Animal Hair
Woven tapestry and upholstery fabrics made from combed wool or fine animal hair are classified under HS code 51129050. These fabrics contain less than 85% wool or hair and less than 30% silk, with a weight not exceeding 140 grams per square meter. This particular HS code provides a specific classification for these types of fabrics, allowing for easier identification and trade.
When importing or exporting products classified under HS code 51129050, it is important to consider various factors such as duty rates, special tariff preference programs, and the quantity unit. This article will provide a comprehensive overview of these aspects to help businesses and individuals navigate the international trade of woven tapestry and upholstery fabrics.
Duty Rate:
The bound or most-favored-nation (MFN) duty rate for products classified under HS code 51129050 is 7%. This means 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. The 7% duty rate applies to the importation of these fabrics, ensuring a fair and consistent approach to global trade.
Quantity Unit:
The quantity unit for products classified under HS code 51129050 is square meters (M2). This unit of measurement is commonly used in the textile industry to determine the amount of fabric being traded. By using square meters as the quantity unit, it becomes easier to calculate the total amount of fabric being imported or exported.
Special Tariff Preference Programs:
Several countries have implemented special tariff preference programs for products classified under HS code 51129050. These programs offer reduced or duty-free rates to promote trade and economic cooperation among participating countries. The following are some examples of special tariff preference programs and their corresponding rates:
- Free: Bahrain, Canada (NAFTA), Chile, Israel, Jordan, Mexico (NAFTA), Peru, Singapore
- 3%: Australia
- 0.7%: Morocco
- 5.6%: Oman
These special tariff preference programs allow businesses to benefit from lower duty rates, making it more cost-effective to import or export woven tapestry and upholstery fabrics. It is important to note that each program has specific requirements and eligibility criteria, which should be carefully reviewed before engaging in trade.
Importing and Exporting US States:
When dealing with products classified under HS code 51129050, it is also essential to consider the specific states involved in the importation or exportation process. The United States is a major player in the global textile market, both as an importer and exporter. The choice of importing or exporting states can impact various aspects such as transportation costs, market demand, and trade regulations.
To ensure a successful trade transaction, businesses should conduct thorough market research and analysis to identify the most suitable importing or exporting states. Factors to consider include market demand for woven tapestry and upholstery fabrics, proximity to manufacturing facilities, logistical infrastructure, and potential trade barriers or regulations.
HS code 51129050 provides a specific classification for woven tapestry and upholstery fabrics made from combed wool or fine animal hair. This code helps facilitate international trade by offering a standardized identification system. Understanding the duty rates, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS code is crucial for businesses and individuals engaged in the trade of these fabrics. By staying informed and complying with relevant regulations, stakeholders can navigate the global textile market more effectively.
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