HS Code 55082000: Sewing Thread of Artificial Staple Fibers
Sewing thread plays a crucial role in the textile and garment industry, ensuring that fabrics are held together securely. One specific type of sewing thread is made from artificial staple fibers, which are synthetic fibers created to imitate natural fibers like cotton or silk. HS Code 55082000 refers to sewing thread of artificial staple fibers, whether or not put up for retail sale. This code helps in identifying and classifying this particular product for international trade purposes.
When it comes to international trade, countries often impose tariffs or duties on imported goods. The bound or most-favored nation (MFN) duty rate for HS Code 55082000 is 11%. The MFN duty rate ensures that whenever a country lowers a trade barrier or opens up a market, it must apply the same treatment to the same goods or services from all its trading partners. This promotes fair and equal trade practices among nations.
The quantity unit for HS Code 55082000 is kilograms (KG). This unit of measurement allows for standardized calculations and documentation of the quantity of sewing thread being imported or exported.
In addition to the general duty rate, there are special tariff preference programs that certain countries enjoy for HS Code 55082000. These programs provide preferential treatment in terms of duty rates or even duty-free access to specific countries. For this particular HS Code, some countries that offer special tariff preference programs include Australia, Bahrain, Canada under the NAFTA agreement, Chile, Israel, Jordan, Mexico under the NAFTA agreement, Oman, Peru, Singapore, and Morocco. These programs aim to foster strong trade relationships and promote economic cooperation between countries.
When importing HS Code 55082000 into the United States, various states can serve as the destination. However, it is worth noting that this specific data does not provide information on the specific states that import or export this product. Therefore, it is essential for traders and businesses to refer to updated trade statistics and market research to identify the key importing or exporting states for sewing thread of artificial staple fibers.
HS Code 55082000 represents sewing thread made from artificial staple fibers, whether or not put up for retail sale. This code allows for the proper identification and classification of these products for international trade purposes. Understanding the bound duty rate, quantity unit, and special tariff preference programs associated with this HS Code is crucial for businesses involved in the textile and garment industry. By staying informed about trade regulations and market trends, businesses can make informed decisions and maximize the benefits of international trade.
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