HS Code 52053400 refers to multiple or cabled cotton yarn which contains 85% or more cotton by weight. This yarn is made of uncombed fibers and has a yarn size between 52 and 80 nm. It is important to note that this type of cotton yarn is not put up for retail sale.
When it comes to trade barriers and market opening, the bound / MFN (Most Favored Nation) duty rate for HS Code 52053400 is 9.9%. 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. This ensures fairness and equal treatment in international trade.
The quantity unit for HS Code 52053400 is kilograms (KG). This indicates that the measurement and trading of this cotton yarn is done in terms of weight.
There are also special tariff preference programs in place for HS Code 52053400. These programs provide certain countries with preferential treatment when importing this product into the United States. The following countries enjoy duty-free treatment: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. Morocco, on the other hand, has a special rate of 0.9% for importing this cotton yarn.
It is worth mentioning that the importing and exporting of HS Code 52053400 can occur between various US states. The specific states involved in the import and export of this cotton yarn may vary depending on trade agreements, market demand, and other factors.
HS Code 52053400 represents multiple or cabled cotton yarn with specific characteristics and trade regulations. It is essential for importers, exporters, and traders to understand these details in order to comply with customs requirements and take advantage of any applicable tariff preference programs.