The HS Code 53039000 refers to jute and other textile bast fibers that have been processed but not spun, as well as tow and waste of these fibers. This code is used for the classification and identification of these specific fibers in international trade.
Jute is a natural fiber that is derived from the stem of the jute plant. It is one of the most affordable and versatile natural fibers and is commonly used in the manufacturing of various products such as sacks, ropes, twine, and carpets. Other textile bast fibers, excluding flax, true hemp, and ramie, are also included under this HS code.
When it comes to trade, countries often impose tariffs or duties on imported goods to protect domestic industries or generate revenue. However, the bound or MFN (Most Favored Nation) duty rate for HS Code 53039000 is set to be free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is kilograms (KG), which is the standard unit of measurement for the weight of goods traded internationally.
Furthermore, there are special tariff preference programs that may apply to the import or export of jute and other textile bast fibers. These programs are designed to promote trade and economic development between specific countries or regions by providing preferential treatment in terms of reduced or zero tariffs. It is important for traders and importers/exporters to familiarize themselves with these programs to take advantage of any potential benefits.
Importing US states and exporting US states play a significant role in the trade of jute and other textile bast fibers. The United States is one of the major importers and consumers of jute products, utilizing them in various industries such as agriculture, packaging, and home decor. Some of the major exporting US states for these fibers include West Bengal and Bihar in India, Bangladesh, China, and Thailand.
HS Code 53039000 represents jute and other textile bast fibers that have been processed but not spun, as well as tow and waste of these fibers. This code plays a crucial role in the classification and identification of these fibers in international trade. Understanding the bound duty rate, quantity unit, and special tariff preference programs associated with this HS code is essential for traders and importers/exporters in order to navigate the global market effectively.