When it comes to international trade, it is essential to have a standardized system in place to classify and identify different products. The Harmonized System (HS) Code is an internationally recognized code that is used to classify goods. In this article, we will explore the HS Code 52122110, which refers to other woven fabrics of cotton containing 36% or more by weight of wool or fine hair, weighing more than 200 g/m2, unbleached.
This HS Code provides a clear description of the product, allowing customs authorities and traders to easily identify and classify the goods. It is important for importers and exporters to be familiar with the correct HS Code for their products to ensure smooth customs clearance and compliance with trade regulations.
The product description states that the fabrics included in this HS Code are made of cotton and contain 36% or more by weight of wool or fine hair. These fabrics are unbleached and weigh more than 200 g/m2. The weight per square meter is the unit of measurement used for this product, providing a standardized way to quantify the fabric's density or thickness.
Import duties and tariffs play a significant role in international trade. The bound or Most-Favored-Nation (MFN) duty rate for HS Code 52122110 is 16.5%. The MFN principle ensures that when a country lowers a trade barrier or opens up a market, it must apply the same treatment to all its trading partners for the same goods or services. This principle promotes fairness and equal treatment among trading nations.
However, certain special tariff preference programs may apply to HS Code 52122110. These programs allow for reduced or zero-duty rates for specific countries or regions. In this case, the following countries or regions enjoy special tariff rates for this product:
These special tariff preference programs aim to promote trade and economic cooperation between countries. By offering reduced or zero-duty rates, these programs incentivize trade and help foster closer relationships between trading partners.
For importers and exporters in the United States, the HS Code 52122110 applies to this product. When importing, it is crucial to ensure compliance with customs regulations and accurately declare the HS Code on import documentation. Failure to do so may result in delays in customs clearance or even penalties.
Similarly, when exporting from the United States, it is important to be aware of the HS Code for the product being exported. This information allows foreign customs authorities to correctly classify and assess applicable duties or tariffs on the product.
HS Code 52122110 refers to other woven fabrics of cotton containing 36% or more by weight of wool or fine hair, weighing more than 200 g/m2, unbleached. It is crucial for importers and exporters to be familiar with the correct HS Code for their products to ensure compliance with trade regulations. Additionally, being aware of any special tariff preference programs applicable to the HS Code can provide opportunities for reduced or zero-duty rates, promoting trade and economic cooperation between countries.