The HS Code 55091200 refers to a specific type of yarn made from nylon/polyamide staple fibers. This yarn is not intended for sewing thread and contains at least 85% of nylon/polyamide staple fibers. It is multiple or cabled, meaning it is twisted or spun in a way that enhances its strength and durability. Additionally, this yarn is not packaged for retail sale.
The HS Code system is an internationally recognized classification system used to classify and define traded products. It helps streamline international trade by assigning a unique code to each product, facilitating customs procedures, and providing statistical information on global trade flows.
When it comes to trade barriers and market access, the HS Code 55091200 is subject to a bound or Most Favored Nation (MFN) duty rate of 10.6%. The MFN principle means that whenever 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 and non-discriminatory treatment in international trade.
The quantity unit for the HS Code 55091200 is kilograms (KG). This unit is used to measure the weight of the yarn being imported or exported.
There are also special tariff preference programs available for the HS Code 55091200. Some countries offer duty-free treatment for this product, including Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore. These countries provide preferential rates to promote trade and strengthen economic ties.
In the case of the United States, the importing and exporting of the HS Code 55091200 are not restricted to specific states. This means that businesses and individuals in any state can engage in the import or export of this yarn.
the HS Code 55091200 represents a specific type of yarn made from nylon/polyamide staple fibers. It is multiple or cabled for enhanced strength and durability and is not put up for retail sale. The code is subject to a bound or MFN duty rate of 10.6%. Additionally, there are special tariff preference programs that offer duty-free treatment for this product in various countries. Understanding the HS Code system and its associated regulations is crucial for successful international trade.