The HS Code 54041980 refers to synthetic monofilament (excluding polypropylene) with a decitex of 67 or more and a cross-sectional dimension greater than 1 mm. This code is used to classify and identify this specific type of product for international trade purposes. HS codes are standardized codes used globally to categorize and classify different goods for import and export.
The product description indicates that this monofilament is made from synthetic materials other than polypropylene. The decitex measurement refers to the linear density of the filaments, indicating their thickness. A cross-sectional dimension greater than 1 mm suggests that the monofilament is relatively thick. The "nesoi" abbreviation stands for "not elsewhere specified or included," indicating that this code covers synthetic monofilament that does not fall under any other specific category.
When it comes to trade barriers and market access, the bound (maximum) and MFN (most favored nation) duty rate for this product is 6.9%. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. The duty rate of 6.9% applies to this synthetic monofilament, ensuring consistent treatment across all countries.
The quantity unit specified for this HS code is kilograms (KG). This means that the product is typically measured and traded in terms of its weight rather than individual units or length.
There are several special tariff preference programs applicable to this HS code. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries included in these programs are Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central America (under DR-CAFTA), Peru, and Singapore. Each country has its own specific special rate or duty-free treatment, allowing for easier and more cost-effective trade between the US and these countries.
When it comes to importing this product into the US, various states engage in trade with exporting states. While the specific exporting states are not mentioned in the provided data, one example is Vermont. Vermont is known for its manufacturing industry, and it may export synthetic monofilament (excluding polypropylene) to other states or countries.
HS Code 54041980 refers to synthetic monofilament (excluding polypropylene) of a certain thickness and linear density. It is classified under this code for international trade purposes. The code is associated with a 6.9% bound duty rate, ensuring equal treatment for all trading partners. The quantity unit is kilograms, and there are special tariff preference programs in place for certain countries. When importing this product into the US, various states may engage in trade with exporting states, such as Vermont.