When it comes to sewing, having the right thread is essential. One type of thread that is widely used is sewing thread made from synthetic staple fibers. This thread is not only versatile but also durable, making it a popular choice among sewers and manufacturers alike.
HS Code 55081000 specifically refers to sewing thread of synthetic staple fibers, whether or not put up for retail sale. This code is used to classify and identify this particular type of thread in international trade. Understanding the HS code is crucial for both importers and exporters to ensure smooth and accurate transactions.
The bound or most favored nation (MFN) duty rate for HS Code 55081000 is 11.4%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It means that if a country reduces or eliminates tariffs on sewing thread of synthetic staple fibers, it must do so for all its trading partners.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of the goods being imported or exported.
There are also special tariff preference programs in place for HS Code 55081000. These programs offer reduced or duty-free rates for specific countries. For example, sewing thread imports under this HS code are free of duty in Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic-Central American countries (under DR-CAFTA).
However, there is a special rate of 1.1% for sewing thread imports under HS Code 55081000 from Morocco. It is important for importers and exporters to be aware of these special tariff preference programs to take advantage of lower or duty-free rates when applicable.
When it comes to the United States, certain states are known for importing and exporting sewing thread of synthetic staple fibers. One of these states is Delaware, which plays a significant role in the trade of sewing thread under HS Code 55081000.
HS Code 55081000 refers to sewing thread made from synthetic staple fibers. This code helps classify and identify this type of thread in international trade. Importers and exporters should be aware of the duty rates, special tariff preference programs, and the role of specific states like Delaware in the trade of this product. Having this knowledge will facilitate smooth and successful transactions in the global sewing thread market.