The HS Code 54026200 refers to polyester yarn that is multiple (folded) or cabled. This particular HS code excludes sewing thread and is not put up for retail sale. Polyester yarn is a versatile material used in various industries, including textile, fashion, and manufacturing. The HS code helps classify and identify this specific type of polyester yarn for international trade and customs purposes.
When importing or exporting products with HS Code 54026200, it is important to be aware of the trade regulations and tariff rates associated with it. The bound / MFN (Most Favored Nation) duty rate for this HS code is 7.5%. 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 duty rate ensures fair and equal treatment among trading nations.
The quantity unit for HS Code 54026200 is kilograms (KG). This unit of measurement helps standardize the weight of the polyester yarn during import or export transactions. It ensures consistency and accuracy in trade calculations and logistics.
Special tariff preference programs are available for products classified under HS Code 54026200. These programs offer preferential or duty-free treatment for specific countries. For this HS code, the following countries enjoy free or special rate preferences: Australia (AU), Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), Israel (IL), Jordan (JO), Morocco (MA), Mexico (MX) under NAFTA, Oman (OM), Dominican Republic-Central American countries (DR-CAFTA), Peru (P), and Singapore (SG). These programs aim to promote trade and economic cooperation between the countries involved.
In the United States, different states engage in importing and exporting products with HS Code 54026200. The specific states involved may vary depending on various factors such as manufacturing locations, distribution networks, and market demand. Some common exporting states for this HS code may include major manufacturing hubs like California, Texas, New York, and Georgia, while importing states could be those with high textile and garment production, such as North Carolina and South Carolina.
Overall, HS Code 54026200 plays a crucial role in facilitating international trade of polyester yarn. It helps classify and identify the product, determines the applicable duty rates, and provides information about special tariff preference programs. Importers, exporters, and traders dealing with polyester yarn should be familiar with this HS code and its associated regulations to ensure smooth and compliant trade operations.