When it comes to international trade, there are various codes and classifications used to categorize different products. One such code is the HS Code, which stands for Harmonized System Code. The HS Code 52121560 refers to a specific type of product: Other Woven Fabrics of Cotton, Nesoi, Weighing Not More Than 200 g/m2, Printed. Let's delve deeper into what this code entails and explore its implications.
The product described under HS Code 52121560 is a type of woven fabric made from cotton. It falls under the category of "Other Woven Fabrics" and is not elsewhere specified or included (nesoi). This particular fabric has a weight not exceeding 200 grams per square meter (g/m2) and is printed.
Printed fabrics are often used in various industries, including fashion, home decor, and crafts. The printing process involves applying designs, patterns, or colors onto the fabric, enhancing its visual appeal. These fabrics can be used to create garments, curtains, upholstery, and many other textile products.
For any international trade transaction involving the HS Code 52121560, a bound or Most Favored Nation (MFN) duty rate of 7.8% applies. The MFN principle states 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 duty rate is important for importers and exporters to consider, as it affects the overall cost of the product. Importers will need to factor in this duty rate when calculating the total cost of importing these woven fabrics, while exporters should be aware of the duty rate their products will be subject to in different markets.
The quantity unit used for measuring the HS Code 52121560 is square meters (m2). This unit of measurement is commonly used for fabrics and textiles to determine the area covered by a specific quantity of material.
By using square meters as the quantity unit, it becomes easier for buyers and sellers to determine the amount of fabric they require or are offering. This facilitates smoother trade transactions and ensures accurate measurement of the product.
Under certain circumstances, the HS Code 52121560 may qualify for special tariff preference programs. These programs provide specific benefits or exemptions from regular duty rates for eligible countries. Here are some examples:
Australia (AU) has a special rate of 3%, while Morocco (MA) has a special rate of 0.7% for the HS Code 52121560.
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing preferential treatment to certain products. Importers and exporters should familiarize themselves with these programs to take advantage of any potential cost savings or market access opportunities.
The HS Code 52121560 is relevant not only for international trade but also for trade within the United States. When importing these woven fabrics into the US, they can originate from various exporting US states. Similarly, when exporting these fabrics from the US, they can be destined for different US states.
The import and export of goods within the US are subject to domestic regulations and may involve additional requirements, such as customs procedures, documentation, and transportation considerations. It is important for traders to be aware of these requirements and comply with them to ensure smooth trade operations.
The HS Code 52121560 represents a specific type of woven fabric made from cotton, weighing not more than 200 g/m2, and printed. This code is used to classify and regulate the international trade of these fabrics. Importers and exporters should consider the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS Code to effectively navigate the global marketplace and optimize their trade transactions.