When it comes to international trade, it is essential to have a standardized system in place to classify and identify different products. This is where the Harmonized System (HS) code comes into play. The HS code is a globally recognized system that categorizes products and allows for uniformity in trade documentation and customs procedures.
One such HS code is 53092130, which pertains to woven fabrics of flax. Flax is a natural fiber that is commonly used in the textile industry. Fabrics made from flax are known for their strength, durability, and breathability. The HS code 53092130 specifically refers to woven fabrics of flax that contain less than 85% flax by weight, are unbleached or bleached, and contain less than 17% wool by weight. These fabrics also contain cotton and manmade fibers.
When importing products classified under HS code 53092130 into the United States, it is important to be aware of the applicable duty rates. The bound or Most Favored Nation (MFN) duty rate for these fabrics is 6.9%. The MFN duty rate is a baseline rate that applies to all countries unless there are specific trade agreements or special tariff preference programs in place.
Speaking of special tariff preference programs, there are several countries that offer preferential treatment for imports of woven fabrics of flax under HS code 53092130. These countries include Australia, Bahrain, Canada (under the North American Free Trade Agreement or NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Peru, Singapore, Morocco (with a special rate of 0.7%), and Oman (with a special rate of 4.1%). These preferential rates can significantly reduce or eliminate the duty costs associated with importing these fabrics.
It is important to note that not all US states may be equally involved in the importation or exportation of products under HS code 53092130. Some states may have a higher demand for these fabrics due to their local textile industries or fashion markets, while others may not have as much involvement. Understanding the importing and exporting states can help businesses identify potential markets and trade opportunities.
HS code 53092130 refers to woven fabrics of flax that contain a specific composition of flax, wool, cotton, and manmade fibers. The applicable duty rate for these fabrics is 6.9%, but special tariff preference programs can provide lower or duty-free rates for imports into certain countries. By understanding the HS code and its associated details, businesses can navigate the international trade landscape more effectively and take advantage of preferential treatment programs.