If you are involved in the textile industry or interested in international trade, you may have come across the HS code 52053500. This code specifically refers to multiple or cabled cotton yarn, which is composed of at least 85% cotton by weight and made from uncombed fibers. It is important to note that this yarn must have a thickness of over 80 nm per single yarn and should not be put up for retail sale.
The HS code system, also known as the Harmonized System, is an international classification system used to classify goods for customs purposes. It is used by over 200 countries and serves as a common language for international trade. The HS code 52053500 provides a clear classification for multiple or cabled cotton yarn, allowing for easy identification and tracking of these products.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for HS code 52053500 is 12%. 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. This ensures fair and equal treatment in international trade.
The quantity unit for HS code 52053500 is kilograms (KG). This unit of measurement allows for accurate and standardized trade transactions, making it easier for importers and exporters to conduct business smoothly.
Furthermore, there are several special tariff preference programs that apply to HS code 52053500. These programs provide certain countries with preferential treatment or reduced duty rates when importing or exporting the product. For example, Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and the Dominican Republic-Central American countries all offer free or reduced duty rates for this specific cotton yarn. Morocco, on the other hand, applies a special rate of 1.2%.
It is worth mentioning that the HS code system is not only used to classify goods but also plays a crucial role in trade statistics and policy-making. Governments and organizations rely on accurate and detailed HS code data to monitor trade flows, analyze market trends, and develop effective trade policies. Therefore, the HS code 52053500 for multiple or cabled cotton yarn is not just a simple code but an essential tool for international trade management.
HS code 52053500 refers to multiple or cabled cotton yarn made from uncombed fibers, with at least 85% cotton by weight and a thickness of over 80 nm per single yarn. This code allows for efficient classification, tracking, and regulation of these products in international trade. It is important to be aware of the bound or MFN duty rate, as well as any special tariff preference programs that may apply to this HS code. By understanding and utilizing the HS code system, businesses can navigate the complexities of international trade more effectively.