Woven fabrics of paper yarn fall under the HS Code 53110060. This code is used to classify and categorize goods for international trade. It provides a standardized system for identifying and classifying products to facilitate international trade and customs procedures.
The product description for HS Code 53110060 is "Woven fabrics of paper yarn." This refers to fabrics that are made by weaving paper yarn together. These fabrics can be used for various purposes, including in the production of bags, accessories, and home decor items.
When it comes to trade barriers and market openings, the bound / MFN (Most Favored Nation) duty rate for the HS Code 53110060 is 2.7%. 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. This helps ensure fair and equal treatment in international trade.
The quantity unit for the HS Code 53110060 is kilograms (KG). This unit is used to measure the weight of the woven fabrics of paper yarn being imported or exported.
There are also special tariff preference programs in place for the HS Code 53110060. The following countries have duty-free treatment for this product: Australia (A), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Mexico (MX), Oman (OM), Peru (P), Singapore (SG). These countries offer preferential treatment for woven fabrics of paper yarn, allowing for easier and more affordable trade.
In addition to the duty-free treatment, there is a special rate of 0.3% for Morocco (MA) for the HS Code 53110060. This means that when importing woven fabrics of paper yarn from Morocco, a tariff rate of 0.3% will be applied.
Importing US states and exporting US states are also relevant when it comes to the HS Code 53110060. These states indicate the origin and destination of the trade. The specific states involved in the import and export of woven fabrics of paper yarn can vary depending on the specific trade agreements and business transactions.
HS Code 53110060 is used to classify and identify woven fabrics of paper yarn for international trade. It is important for traders and importers/exporters to be familiar with this code and its associated regulations to ensure smooth and compliant trade operations.