Synthetic staple fibers are an essential component of the textile and apparel industry. They are used in the production of various fabrics and textiles, providing durability, strength, and versatility. HS Code 55031990 specifically refers to synthetic staple fibers made of nylon or other polyamides (except aramids), which are not carded, combed, or otherwise processed for spinning.
When it comes to international trade, HS codes play a crucial role in classifying products for customs purposes. The HS code 55031990 is used to identify and categorize synthetic staple fibers falling under the mentioned description. This code is universally recognized and allows for easier and more efficient trade between countries.
The bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 55031990 is 4.3%. 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 promotes fair and equal treatment in international trade.
The quantity unit for products under HS Code 55031990 is kilograms (KG). This unit of measurement is used to determine the weight of the synthetic staple fibers being imported or exported.
There are also several special tariff preference programs available for products classified under HS Code 55031990. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these programs include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic, Central America (under DR-CAFTA), Peru, and Singapore.
It is worth noting that the information provided in this article is based on the latest available data. However, trade regulations and tariff preferences can change over time. Therefore, it is always advisable to consult the official sources, such as customs authorities or trade organizations, for the most up-to-date and accurate information regarding HS codes and related trade matters.
HS Code 55031990 represents synthetic staple fibers made of nylon or other polyamides, which are not carded, combed, or otherwise processed for spinning. This code is used to classify and facilitate the international trade of these fibers. Understanding HS codes and their associated regulations is essential for businesses involved in the import and export of goods, ensuring compliance and smooth trade operations.