When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying various products. In this article, we will explore the HS Code 52095130, which refers to printed plain weave certified hand-loomed fabrics of cotton. Let's delve deeper into the details of this HS Code and its implications in the global market.
The product covered under HS Code 52095130 is a specific type of fabric made from cotton. It is a plain weave fabric that undergoes the process of hand looming. These fabrics are certified, ensuring their quality and authenticity. The key characteristic of the product is that it contains 85% or more cotton by weight and weighs more than 200 grams per square meter (g/m2).
The bound or most-favored-nation (MFN) duty rate for HS Code 52095130 is set at 3%. The MFN principle ensures 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 promotes fair and non-discriminatory trade practices among nations.
The quantity unit for HS Code 52095130 is square meters (m2). This means that the measurement and trade of this fabric are based on the area it covers in square meters.
Several special tariff preference programs exist for products classified under HS Code 52095130. These programs provide preferential treatment in terms of duty rates or duty-free access to certain countries. The following are the special tariff preference programs applicable for this HS Code:
These special tariff preference programs provide various advantages to exporters and importers, such as reduced or zero-duty rates, promoting trade relationships between countries.
HS Code 52095130 involves the import and export of printed plain weave certified hand-loomed fabrics of cotton to and from different states within the United States. The specific states involved in the importation and exportation of this product may vary depending on market demand and trade relationships.
HS Code 52095130 encompasses printed plain weave certified hand-loomed fabrics of cotton. This code plays a crucial role in international trade by providing a standardized classification system for this specific product. Understanding the details of the HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs, is essential for exporters, importers, and policymakers involved in the global textile trade.