Polypropylene monofilament is a versatile and widely used material in various industries. It falls under the HS code 54041290, specifically referring to monofilaments of 67 decitex or more, excluding racket strings, with no cross-sectional dimension greater than 1 mm, and a length exceeding 254 mm. This article aims to provide an extensive overview of this HS code and its implications for trade and import-export activities.
Under HS code 54041290, polypropylene monofilament is classified based on its specific characteristics. It must have a decitex of 67 or more, which refers to the linear density of the fiber. Additionally, it should not be used for racket strings and must have a cross-sectional dimension less than or equal to 1 mm. Furthermore, the length of the monofilament should exceed 254 mm.
Polypropylene monofilament finds applications in various industries, including textile manufacturing, industrial packaging, agriculture, and more. Its versatility, durability, and strength make it a preferred choice for many different products and processes.
The bound or most-favored-nation (MFN) duty rate for HS code 54041290 is 6.9%. The MFN duty rate is the rate applied to imports from countries that do not have any special trade agreements or preferences. It is important to note that this duty rate is subject to change as countries negotiate and modify their trade policies.
Trade barriers and market openness play a significant role in determining duty rates. When a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equitable treatment for all countries involved in international trade.
The quantity unit for polypropylene monofilament under HS code 54041290 is kilograms (KG). This unit of measurement is commonly used in trade to quantify the weight of imported or exported goods. It allows for accurate and standardized calculations of quantities for customs purposes, pricing, and logistics.
Polypropylene monofilament under HS code 54041290 is eligible for various special tariff preference programs. These programs provide preferential treatment in terms of duty rates for imports and exports. The following countries have special tariff rates for polypropylene monofilament:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries. By providing duty-free treatment or reduced duty rates, they encourage businesses to engage in import-export activities and facilitate international trade.
Polypropylene monofilament under HS code 54041290 can be imported into and exported from various US states. The specific states involved in import and export activities may vary depending on market demand, manufacturing capabilities, and logistical considerations.
Some of the key importing US states for polypropylene monofilament include:
These states have a high demand for polypropylene monofilament due to their diverse industrial sectors and manufacturing activities.
On the other hand, the exporting US states for polypropylene monofilament include:
These states have established manufacturing facilities and export capabilities for polypropylene monofilament, enabling them to cater to both domestic and international markets.
HS code 54041290 encompasses polypropylene monofilament with specific characteristics. Its classification, duty rates, quantity unit, and eligibility for special tariff preference programs are important factors to consider for businesses engaged in international trade. Understanding the implications of this HS code can help importers, exporters, and policymakers make informed decisions and facilitate smooth trade transactions.