HS Code 52054700 refers to multiple or cabled cotton yarn with a minimum of 85% cotton by weight. This yarn is made from combed fibers and has a thickness ranging from more than 94nm to less than 120nm for single yarn. It is important to note that this type of cotton yarn is not packaged for retail sale.
When it comes to international trade, countries often impose duties on imported goods. For HS Code 52054700, the bound or most-favored-nation (MFN) duty rate is set at 12%. The MFN principle states that when a country reduces trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for this particular HS Code is measured in kilograms (KG). This allows for standardized measurement and easy comparison of quantities during international trade.
There are also special tariff preference programs in place for HS Code 52054700. Some countries provide duty-free treatment for the import of this cotton yarn. These countries include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic and Central American countries (under DR-CAFTA).
When it comes to importing HS Code 52054700 into the United States, there are no specific restrictions on which states can receive these imports. It can be imported by any state within the United States. Similarly, the exporting states are not limited to any specific regions or states.
HS Code 52054700 refers to multiple or cabled cotton yarn with specific characteristics and requirements. Understanding the HS code and its associated details is crucial for international trade as it helps ensure compliance with trade regulations and facilitates smooth import-export procedures.