Woven fabrics of cotton are commonly used in various industries and applications due to their versatility, durability, and comfort. The HS Code 52084940 specifically refers to woven fabrics of cotton that contain 85% or more cotton by weight. These fabrics have a weight not exceeding 200 g/m2 and are composed of yarns of different colors. Let's explore more about this HS code and its implications in international trade.
The product description of HS Code 52084940 provides detailed information about the specific characteristics of the woven fabrics of cotton. These fabrics are classified under HS Code 5208, which encompasses woven fabrics of cotton, other than those specified in other HS codes.
The fabrics covered by this HS code have a cotton content of 85% or more by weight. This high cotton content ensures that the fabrics possess the desirable properties associated with cotton, such as breathability, softness, and absorbency. The fabrics also have a weight not exceeding 200 g/m2, making them suitable for a wide range of applications.
Furthermore, the fabrics are composed of yarns of different colors. This characteristic allows for the creation of visually appealing and aesthetically pleasing fabrics, making them popular in the fashion and textile industry.
The bound / MFN duty rate for HS Code 52084940 is 8.1%. The MFN (Most Favored Nation) duty rate represents the rate applied to imports from a particular country, which is generally the same for all trading partners. It ensures that trade barriers or market access are not selectively imposed on specific goods or services.
Whenever 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 principle of non-discrimination promotes fair and equitable trade practices among nations.
The quantity unit for HS Code 52084940 is square meters (M2). This unit of measurement is commonly used to quantify the area or size of woven fabrics. It allows for accurate and standardized measurement of the fabrics, facilitating international trade and commerce.
Several countries and trading blocs have established special tariff preference programs for the importation of woven fabrics of cotton classified under HS Code 52084940. These programs offer reduced or duty-free rates to promote trade and regional economic integration. Here are some notable special tariff preference programs:
In addition to these special tariff preference programs, Australia (AU) offers a reduced rate of 3% for imports of woven fabrics of cotton under HS Code 52084940. Morocco (MA) also provides a discounted rate of 0.8% for such imports.
HS Code 52084940, being a classification for woven fabrics of cotton, is imported and exported by various US states. The specific states involved in the importation and exportation of these fabrics may vary based on market demand and production capabilities.
Some of the prominent US states involved in the importation of woven fabrics of cotton under HS Code 52084940 include California, Texas, New York, Georgia, and North Carolina. These states often serve as major hubs for textile manufacturing and distribution in the United States.
Regarding the exporting US states, regions such as South Carolina, Alabama, Florida, and Mississippi are known for their cotton production and textile manufacturing industries. These states contribute significantly to the global trade of woven fabrics of cotton.
HS Code 52084940 encompasses woven fabrics of cotton with specific characteristics of cotton content, weight, and yarn composition. Understanding this HS code is crucial for importers, exporters, and traders involved in the international trade of these fabrics. The special tariff preference programs and the MFN duty rate further influence the trade dynamics, promoting fair and equitable trade practices among nations.