HS Code 54075100: Woven fabrics, containing 85 percent or more by weight of textured polyester filaments, unbleached or bleached
Woven fabrics are an essential component of the textile industry, and one specific type that falls under the HS Code 54075100 is fabrics containing 85 percent or more by weight of textured polyester filaments. These fabrics can be either unbleached or bleached, offering a range of options for various applications.
The HS Code 54075100 is used to classify these specific types of woven fabrics, making it easier for importers, exporters, and customs officials to identify and categorize the products accurately. This code ensures that the appropriate duty rates and tariff preferences are applied when trading these fabrics internationally.
The bound or most-favored-nation (MFN) duty rate for products falling under the HS Code 54075100 is 14.9%. This means that every time 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 ensures fair treatment and equal opportunities for all countries involved in international trade.
The quantity unit for fabrics classified under the HS Code 54075100 is square meters (M2). This unit of measurement is commonly used in the textile industry to determine the size and quantity of woven fabrics being traded.
There are also special tariff preference programs available for products falling under the HS Code 54075100. Some countries offer duty-free treatment for these fabrics, while others apply reduced duty rates. The countries that provide duty-free treatment for these fabrics include Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
Australia (AU) applies a special rate of 3% for fabrics falling under this HS Code, while Morocco (MA) offers a special rate of 1.5%. These special tariff preferences aim to promote trade and encourage the importation of these fabrics from specific countries.
When it comes to importing these fabrics into the United States, various states participate in the trade. The specific states involved in the importation of fabrics falling under the HS Code 54075100 may vary depending on factors such as manufacturing capabilities, proximity to trade routes, and market demand.
Similarly, when exporting these fabrics from the United States, different states may be involved in the trade. The choice of exporting states depends on factors such as production capacity, access to raw materials, and market demand in other countries.
the HS Code 54075100 classifies woven fabrics containing 85 percent or more by weight of textured polyester filaments, whether unbleached or bleached. This code ensures accurate categorization and appropriate duty rates for these fabrics when trading internationally. With special tariff preference programs in place, countries can encourage trade and facilitate the importation of these fabrics. The quantity unit for these fabrics is square meters (M2), and various US states participate in both importing and exporting them.
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