Bleached plain weave fabrics of cotton, also known as HS Code 52102140, are textile products that are primarily made of cotton fibers. These fabrics have a cotton content of less than 85% by weight and are mixed mainly or solely with man-made fibers. The weight of the fabric does not exceed 200 grams per square meter, and the fabric is classified under number 42 or lower.
When it comes to international trade, the HS Code plays a crucial role in ensuring the accurate classification and identification of products. The HS Code 52102140 is used to specifically identify and categorize bleached plain weave fabrics of cotton, making it easier for customs authorities and traders to handle and track these products.
One important aspect to consider when importing or exporting goods classified under HS Code 52102140 is the applicable duty rate. The bound or most-favored-nation (MFN) duty rate for these fabrics is set at 8.1%. 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 principle ensures fairness and equal treatment in international trade.
The unit of quantity for bleached plain weave fabrics of cotton is measured in square meters (M2). This measurement allows for accurate calculation and tracking of the quantity of fabric being traded.
There are also special tariff preference programs that apply to HS Code 52102140. These programs offer reduced or zero-duty rates for certain countries. The following countries have special tariff rates for these fabrics:
In addition, Australia has a special tariff rate of 3% for these fabrics, while Morocco has a rate of 0.8%.
Importing and exporting HS Code 52102140 requires compliance with the regulations and procedures of both the importing and exporting countries. It is important to understand the specific requirements and documentation needed for smooth and efficient trade in these fabrics.
When it comes to the United States, different states have varying levels of import and export activities. Some states may have higher volumes of imports or exports of bleached plain weave fabrics of cotton, while others may have lower levels of trade in these products.
Overall, HS Code 52102140 plays a crucial role in the international trade of bleached plain weave fabrics of cotton. From accurate classification and identification to the determination of duty rates and special tariff preferences, the HS Code ensures transparency and fairness in the global trade of these textile products.