The HS Code 52062500 refers to a specific type of cotton yarn that is used in various textile industries. This article will provide an extensive overview of the HS code, its product description, the bound/MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this code.
The product described under HS Code 52062500 is a single cotton yarn made of combed fibers. It should contain less than 85 percent cotton by weight and have a fineness of over 80 nm. Additionally, this yarn should not be put up for retail sale, indicating that it is primarily used for industrial purposes.
Cotton yarn is an essential component in the textile industry, used for manufacturing various products such as clothing, home textiles, and industrial fabrics. Combed fibers, as opposed to carded fibers, undergo an extra step in the production process, resulting in a smoother and more uniform yarn.
The bound/MFN duty rate for HS Code 52062500 is 9.2%. This rate applies every time a country lowers a trade barrier or opens up a market. The principle behind this duty rate is that a country must treat the same goods or services from all its trading partners in a non-discriminatory manner.
By implementing this duty rate, countries aim to promote fair and equitable trade practices while preventing any undue advantage for specific trading partners. It ensures that all countries receive equal treatment when it comes to trade barriers and market access.
The quantity unit for HS Code 52062500 is kilograms (KG). This unit is commonly used in international trade to measure the weight of goods being imported or exported. The use of a standardized quantity unit allows for accurate and consistent measurement across different countries and trading partners.
Several special tariff preference programs are associated with HS Code 52062500. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries and regions have special tariff rates for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the listed countries and the exporting country. By providing duty-free treatment or reduced rates, these programs encourage trade and foster stronger relationships between trading partners.
HS Code 52062500 is imported and exported by various US states. The specific states involved in importing and exporting this product may vary depending on market demand, manufacturing capabilities, and trade agreements. However, some of the prominent US states associated with importing and exporting HS Code 52062500 include:
These states have a strong presence in the textile industry and are known for their manufacturing capabilities. They play a significant role in the import and export of cotton yarn, including the specific type covered by HS Code 52062500.
HS Code 52062500 represents a single cotton yarn made of combed fibers, primarily used in the textile industry. This article provided an extensive overview of the HS code, including its product description, bound/MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this code. Understanding the details and implications of this HS code is crucial for businesses involved in the global trade of cotton yarn and related products.