The HS Code 55095200 refers to yarn made from polyester staple fibers that are mixed mainly or solely with wool or fine animal hair. This yarn is not put up for retail sale and is commonly used in various textile and garment manufacturing processes.
When importing or exporting this product, it is important to be aware of the specific regulations and duties associated with it. The bound or Most Favored Nation (MFN) duty rate for HS Code 55095200 is 12%. This means that every time 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.
The quantity unit for this product is measured in kilograms (KG). This ensures consistency and accuracy in trade transactions involving HS Code 55095200.
There are also special tariff preference programs in place for this product. In several countries, such as Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and the Dominican Republic-Central American region, the import of yarn under HS Code 55095200 is granted duty-free treatment. This encourages trade and strengthens economic cooperation between these countries.
Additionally, Morocco offers a special rate of 1.2% for the import of yarn under this HS code. This preferential tariff allows for more affordable trade between Morocco and its trading partners.
When it comes to importing this product into the United States, there are no specific restrictions on which states can receive shipments of yarn under HS Code 55095200. However, it is worth noting that Delaware has been identified as one of the exporting states for this product.
HS Code 55095200 represents yarn made from polyester staple fibers mixed with wool or fine animal hair. It is essential for businesses involved in the textile and garment industry to be familiar with the relevant regulations, duties, and special tariff preference programs associated with this HS code. By understanding and adhering to these guidelines, businesses can facilitate smoother and more cost-effective international trade transactions.