When it comes to international trade, it is essential to have a standardized system for classifying products. The Harmonized System (HS) provides a universal classification for goods, allowing countries to understand and regulate trade more efficiently. One such HS code is 52115200, which refers to printed 3- or 4-thread twill fabrics of cotton, including cross twill, with a cotton content of less than 85% by weight, mixed mainly or solely with man-made fibers, and weighing over 200g/m2.
HS Code 52115200 plays a crucial role in ensuring accurate classification and proper import/export procedures for these specific types of cotton fabrics. It enables customs officials, traders, and other stakeholders to identify and differentiate between various products, facilitating smoother international trade transactions.
These printed twill fabrics are commonly used in the textile industry for various applications, including clothing, upholstery, and home furnishings. The twill weave provides a durable and flexible fabric with a diagonal pattern, making it highly desirable for its strength and versatility.
One important aspect of HS Code 52115200 is the bound/Most Favored Nation (MFN) duty rate. 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. For this particular HS code, the bound/MFN duty rate is 8.1%, indicating the tariff imposed on these fabrics during international trade.
The quantity unit for HS Code 52115200 is square meters (M2), which is the standard measurement unit for determining the quantity of these printed twill fabrics being imported or exported.
Furthermore, there are special tariff preference programs associated with HS Code 52115200. These programs offer reduced or duty-free rates for certain countries, promoting trade and economic cooperation. The following countries enjoy special tariff rates for this HS code:
These tariff preference programs aim to promote trade and strengthen economic ties between countries by providing incentives for importing or exporting goods under HS Code 52115200.
In terms of importing, various US states engage in trade involving printed 3- or 4-thread twill fabrics of cotton under HS Code 52115200. Similarly, different US states also act as exporting hubs for these fabrics, facilitating their distribution to various international markets.
HS Code 52115200 is a vital classification for printed 3- or 4-thread twill fabrics of cotton, ensuring accurate identification, proper import/export procedures, and tariff determination. It plays an integral role in facilitating international trade and promoting economic cooperation between countries. Understanding the specific details and associated tariff preference programs can help businesses and traders make informed decisions when dealing with these fabrics.