When it comes to international trade, the Harmonized System (HS) code plays a crucial role in categorizing products for customs purposes. In this article, we will delve into the details of HS Code 52102940, which pertains to bleached woven fabrics of cotton.
The product description of HS Code 52102940 states that it refers to bleached woven fabrics of cotton, not elsewhere specified or included (nesoi), with a cotton content of less than 85% by weight. These fabrics are mixed mainly or solely with man-made fibers and have a weight not exceeding 200 grams per square meter. Additionally, the fabrics fall under number 42 or lower, as per the HS classification system.
The bound or Most Favored Nation (MFN) duty rate applicable to products falling under HS Code 52102940 is 8.1%. The MFN principle ensures that 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 helps promote fair and equal treatment in international trade.
The quantity unit for measuring fabrics falling under HS Code 52102940 is square meters (M2). This unit is commonly used to determine the size or area of fabrics and other similar products.
Several special tariff preference programs are available for products falling under HS Code 52102940. These programs offer reduced or zero-duty rates to specific countries. Some of the notable programs and their associated rates include:
These special tariff preference programs aim to foster trade relationships and provide economic benefits to the involved countries. By offering reduced or zero-duty rates, they incentivize trade and stimulate economic growth.
When it comes to importing products falling under HS Code 52102940, various US states engage in trade. Similarly, exporting US states are involved in shipping these products to international markets. The specifics of the importing and exporting US states may vary based on market demand, production capabilities, and trade agreements.
HS Code 52102940 pertains to bleached woven fabrics of cotton, mixed mainly or solely with man-made fibers. The code provides a standardized classification for customs purposes and helps facilitate international trade. The associated duty rates and special tariff preference programs further influence the import and export of these fabrics, promoting fair and mutually beneficial trade relationships between countries.