The HS Code 52051220 refers to a specific type of cotton yarn that is made from uncombed fibers and contains at least 85% cotton by weight. This yarn is classified under the category of single cotton yarn and is further defined by its fineness, which falls between 14 nm and 43 nm. Additionally, the yarn is either bleached or mercerized to enhance its appearance and properties.
When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing different products. It is a standardized system that is used globally to facilitate the classification and tracking of goods. The HS Code 52051220 helps customs authorities, traders, and statisticians to accurately identify and classify single cotton yarn with specific characteristics.
The Bound / MFN duty rate for products classified under HS Code 52051220 is 6.5%. 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 duty rate is applicable to the value of the imported cotton yarn and is subject to change based on trade agreements and negotiations between countries.
The quantity unit for measuring the import and export of HS Code 52051220 is kilograms (KG). This unit allows for standardized measurement and tracking of the product's weight during international trade transactions.
There are also special tariff preference programs in place for countries importing HS Code 52051220. Some countries, such as Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, and Singapore, offer duty-free treatment for this product. This means that importers from these countries can import the single cotton yarn without paying any additional tariffs. However, Morocco offers a special rate of 0.6% for this product.
When it comes to the United States, the states that import and export HS Code 52051220 include Arizona, Arkansas, Georgia, Mississippi, Oklahoma, Tennessee, Texas, and North Carolina. These states play a significant role in the import and export of the product, contributing to the overall trade volume of single cotton yarn in the country.
HS Code 52051220 represents a specific type of cotton yarn that is made from uncombed fibers and contains a high percentage of cotton by weight. It is classified as a single cotton yarn and is either bleached or mercerized. The HS Code helps in identifying and categorizing this product in international trade, and the duty rate, quantity unit, and special tariff preference programs further impact its import and export. Understanding the HS Code and its associated data is essential for importers, exporters, and authorities involved in international trade.