The HS Code 52010014 refers to a specific category of cotton products. In this case, it is cotton that has not been carded or combed, with a staple length less than 28.575 mm (1-1/8 inches), and is not harsh or rough. This code is used to classify and regulate the trade of cotton products internationally.
Cotton is a widely used natural fiber that is cultivated for its softness, breathability, and versatility. It is used in various industries, including textiles, apparel, home furnishings, and industrial applications. The HS Code system helps to streamline the global trade of cotton by providing a standardized classification for customs and regulatory purposes.
The specific description of the product in the HS Code 52010014 includes details such as the staple length, which refers to the length of the individual fibers in the cotton. A staple length of less than 28.575 mm indicates that the cotton fibers are relatively short. This information is important for determining the quality and characteristics of the cotton.
It is worth noting that the quota described in chapter 52 add'l US note 5 applies to this particular HS Code. Quotas are trade restrictions that limit the quantity of a specific product that can be imported or exported within a certain period. This quota system helps to manage the supply and demand of cotton in the market and protect domestic producers.
The bound / MFN (Most Favored Nation) duty rate for the HS Code 52010014 is free. This means that there are no import duties imposed on this product when it is traded between countries. The principle of MFN states 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.
This duty-free treatment encourages international trade and promotes economic cooperation between countries. It allows for a more efficient flow of goods across borders and benefits both importers and exporters.
The quantity unit for the HS Code 52010014 is kilograms (KG). This unit of measurement is used to quantify the weight of the cotton being traded. It provides a standardized way to determine the quantity of cotton in a shipment and facilitates accurate trade transactions.
The HS Code 52010014 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of import duties for certain countries. The following countries have special rates or duty-free treatment for this specific HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries. By providing preferential treatment, they incentivize trade and facilitate market access for certain products. Importers and exporters should be aware of these programs to take advantage of the potential cost savings and market opportunities they offer.
The HS Code 52010014 is imported into the following US states:
These states have a demand for cotton products classified under this HS Code. It is important for exporters to consider the specific requirements and market conditions of these states when trading cotton.
The HS Code 52010014 is exported from the following US states:
These states are known for their cotton production and have the capacity to supply cotton products classified under this HS Code. Exporters from these states play a significant role in meeting the global demand for cotton.
Overall, the HS Code 52010014 plays a crucial role in regulating and facilitating the international trade of cotton products. It provides a standardized classification for customs and regulatory purposes, helps manage quotas, and determines import duties and tariff preferences. Importers, exporters, and other stakeholders in the cotton industry should be familiar with this HS Code and its implications for their trade activities.