The HS Code 52121160 refers to a specific product category in international trade. In this case, it represents other woven fabrics of cotton that are not elsewhere specified or included (nesoi). These fabrics have a weight not exceeding 200 grams per square meter (g/m2) and are unbleached.
When it comes to international trade, countries often implement trade barriers or restrictions to protect their domestic industries. However, as part of various agreements and trade policies, countries are required to lower these barriers or open up their markets for the same goods or services from all their trading partners. This is known as the Most Favored Nation (MFN) principle.
The bound or MFN duty rate for HS Code 52121160 is 7.8%. This means that when importing these fabrics, a country may impose a tariff of 7.8% on their value. It is important to note that this duty rate applies consistently to all countries, regardless of their trade relationship with the importing country.
The quantity unit for this HS Code is measured in square meters (M2). This unit of measurement helps track the amount of fabric being traded and aids in calculating customs duties and other trade-related costs accurately.
In addition to the standard duty rate, there are also special tariff preference programs available for HS Code 52121160. These programs provide preferential treatment or lower duty rates for certain trading partners. Some of the special tariff preference programs applicable to this HS Code are as follows:
These special tariff preference programs aim to promote trade between certain countries by providing favorable conditions for importing fabrics under HS Code 52121160. The specific rates mentioned for each program indicate the reduced or exempted duty rates applicable to the respective trading partners.
When importing HS Code 52121160 into the United States, it is essential to consider the specific regulations and requirements of the importing US states. Similarly, when exporting these fabrics from the United States, understanding the regulations and requirements of the destination countries is crucial for a successful trade transaction.
HS Code 52121160 plays a significant role in international trade as it helps classify and regulate the import and export of specific woven fabrics of cotton. Familiarity with the HS Code and its associated details is essential for businesses and individuals involved in the textile industry to ensure compliance with customs regulations and take advantage of any available trade preferences.