The HS Code 52010012 refers to a specific type of cotton that is not carded or combed and has a staple length of less than 28.575 mm (1-1/8 inches). This cotton is also described as not being harsh or rough, as mentioned in general note 15.
Cotton is a widely used natural fiber that is derived from the cotton plant. It is known for its softness, breathability, and absorbency, making it a popular choice for textile production. The HS code system is used to classify goods for customs and trade purposes. It helps to ensure uniformity and consistency in the international trade of goods.
The HS Code 52010012 is specifically assigned to this type of cotton, distinguishing it from other varieties of cotton or textile products. This code is used by customs officials, importers, and exporters to identify and categorize the product accurately. It also helps in determining the appropriate duties and tariffs that may apply.
When it comes to trade barriers and market access, countries often implement different policies and regulations. However, the World Trade Organization (WTO) encourages countries to provide the same treatment to goods and services from all their trading partners. This is known as the Most Favored Nation (MFN) principle. The bound/MFN duty rate for HS Code 52010012 is free, meaning that there are no duties or tariffs imposed on this product.
Additionally, there are special tariff preference programs available for HS Code 52010012. These programs provide certain countries with preferential treatment, such as duty-free or reduced duty rates. The countries eligible for these special tariff preferences for HS Code 52010012 include:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide incentives for importers and exporters to engage in trade by reducing or eliminating the cost of customs duties.
When importing HS Code 52010012 into the United States, the following states are commonly involved:
These states have active trade relationships and engage in the importation of cotton under HS Code 52010012. It is important for importers and exporters to be aware of the specific requirements and regulations of each state when conducting trade in this commodity.
HS Code 52010012 represents a particular type of cotton that is not carded or combed, has a staple length of less than 28.575 mm (1-1/8 inches), and is not harsh or rough. It is essential for businesses involved in the trade of cotton to understand and comply with the regulations and tariff preferences associated with this HS code.