HS Code 54077100: Woven fabrics, containing 85 percent or more by weight of synthetic filaments, unbleached or bleached
Woven fabrics are an essential part of many industries, including fashion, upholstery, and industrial applications. HS Code 54077100 specifically refers to woven fabrics that contain 85 percent or more by weight of synthetic filaments, which can be either unbleached or bleached.
When it comes to international trade, understanding the HS code is crucial. The HS code is a standardized system used globally to classify and identify products for customs purposes. It helps ensure that trade barriers are lowered and markets are opened up for the same goods or services from all trading partners.
The bound or most-favored-nation (MFN) duty rate for products under HS Code 54077100 is 14.9%. 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 rate is applied to the value of the woven fabrics imported or exported.
The quantity unit for HS Code 54077100 is square meters (M2). This unit helps provide a standardized measurement for the fabrics being traded, making it easier for both importers and exporters to calculate quantities accurately.
In terms of special tariff preference programs, there are several countries that offer preferential treatment for the import or export of woven fabrics under HS Code 54077100. Some of these countries include:
1. Bahrain (BH)
2. Canada (CA) - NAFTA for Canada (duty-free treatment)
3. Chile (CL) - Chile Special Rate
4. Israel (IL) - Israel Special Rate (duty-free treatment)
5. Jordan (JO) - Jordan Special Rate
6. Mexico (MX) - NAFTA for Mexico
7. Oman (OM) - Oman Special Rate
8. Panama (P) - Dominican Republic-Central American Special Rate (DR-CAFTA)
9. Peru (PE) - Peru Special Rate
10. Singapore (SG) - Singapore Special Rate
11. Australia (AU) - Australia Special Rate
12. Morocco (MA) - Morocco Special Rate (1.5%)
These special tariff preference programs allow importers or exporters to benefit from reduced or duty-free rates, making trade more accessible and cost-effective.
In the United States, different states have varying levels of imports and exports for woven fabrics under HS Code 54077100. Some of the major importing states include California, New York, Texas, and Florida. These states have a high demand for woven fabrics due to their thriving fashion and textile industries. On the other hand, major exporting states include North Carolina, South Carolina, Georgia, and Texas. These states are known for their textile production and supply fabrics to various industries within the country and internationally.
HS Code 54077100 pertains to woven fabrics containing 85 percent or more by weight of synthetic filaments, whether unbleached or bleached. Understanding the HS code is crucial for international trade, as it helps classify and identify products for customs purposes. The special tariff preference programs and varying import and export patterns further highlight the importance and relevance of this HS code in global trade.
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