When it comes to international trade, it is essential to have a standardized classification system for products. The Harmonized System (HS) Code serves this purpose by providing a unique code for each product. In this article, we will delve into the details of HS Code 52102960, which relates to bleached woven fabrics of cotton mixed with man-made fibers.
The product described under HS Code 52102960 refers to bleached woven fabrics of cotton, not elsewhere specified or included (nesoi). These fabrics contain less than 85% cotton by weight and are primarily or solely mixed with man-made fibers. Additionally, they have a weight not exceeding 200 grams per square meter and fall within the numerical range of 43 to 68.
Woven fabrics are commonly used in various industries, including fashion, upholstery, and home textiles. The bleached treatment applied to these fabrics helps achieve a clean and uniform appearance, making them suitable for a wide range of applications.
Bound / Most-Favored-Nation (MFN) duty rate for HS Code 52102960 is 11.4%. The MFN principle ensures that trade barriers and market access are applied uniformly to all trading partners. Therefore, whenever a country lowers trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners.
This duty rate is applicable when importing bleached woven fabrics of cotton, as described under HS Code 52102960. It is important for importers and exporters to be aware of these duty rates to calculate the costs associated with international trade.
The quantity unit for HS Code 52102960 is square meters (M2). This unit of measurement is commonly used to quantify the area of fabrics. Importers and exporters dealing with these fabrics must consider the quantity in square meters to accurately determine the total amount being traded.
Several countries have established special tariff preference programs for certain products, including HS Code 52102960. These programs offer preferential tariff rates or duty-free treatment to promote trade and economic cooperation. Here are some special tariff preference programs applicable to this HS Code:
In addition to the countries mentioned above, Australia (AU) offers a special tariff rate of 3% for HS Code 52102960. Morocco (MA) also provides a special tariff rate of 1.1% for this product.
These special tariff preference programs aim to facilitate trade and strengthen economic ties between countries. Importers and exporters should be aware of these programs to take advantage of the reduced tariff rates or duty-free treatment, depending on the destination country.
HS Code 52102960 is relevant for both importing and exporting activities in the United States. Various states engage in the import and export of bleached woven fabrics of cotton mixed with man-made fibers. Some of the notable importing states include California, Texas, New York, and Florida.
On the other hand, states like North Carolina, South Carolina, Georgia, and Alabama are known for their significant exports of these fabrics. The textile industry plays a crucial role in the economy of these states, contributing to job creation and overall economic growth.
HS Code 52102960 relates to bleached woven fabrics of cotton mixed with man-made fibers. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code is crucial for importers, exporters, and businesses involved in international trade. By staying informed and leveraging special tariff programs, trade can be facilitated, leading to mutual benefits for participating nations.