The HS Code 52122560 refers to a specific type of woven fabric made of cotton that is not elsewhere specified, weighing more than 200 grams per square meter, and printed. This code is used to classify and identify this particular type of fabric for international trade and customs purposes.
When it comes to international trade, countries often impose tariffs and trade barriers to protect their domestic industries. However, in order to promote fair and equal trade, countries are required to lower these trade 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 products classified under HS Code 52122560 is free. This means that countries are not allowed to impose any tariffs or duties on the importation of these fabrics. The goal is to ensure equal and non-discriminatory treatment for all trading partners.
The quantity unit for HS Code 52122560 is square meters (M2). This unit of measurement is commonly used to calculate the quantity of fabric being imported or exported.
In addition to the MFN duty rate, there are also special tariff preference programs in place for this HS Code. These programs provide certain countries with preferential treatment or reduced duty rates for importing fabrics classified under HS Code 52122560.
The following countries enjoy duty-free treatment under special tariff preference programs for this HS Code: Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Australia (AU) has a special rate of 3% for importing fabrics classified under HS Code 52122560.
Morocco (MA) has a special rate of 0.7% for importing fabrics classified under HS Code 52122560.
It is important to note that these special tariff preference programs can change over time, so it is always advisable to consult the latest regulations and agreements when importing or exporting fabrics classified under HS Code 52122560.
When it comes to importing fabrics classified under HS Code 52122560, there are no specific restrictions on the states in the United States where these fabrics can be imported. Similarly, there are no specific restrictions on the states in the United States where these fabrics can be exported.
HS Code 52122560 represents a specific type of woven fabric made of cotton, weighing more than 200 grams per square meter, and printed. It is important for traders and importers/exporters to be aware of the duty rates, special tariff preference programs, and any relevant restrictions associated with this HS Code in order to facilitate smooth international trade and compliance with customs regulations.