HS Code 55096200 refers to a specific product category in international trade. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the states involved in importing and exporting this product.
The product covered by HS Code 55096200 is yarn made of acrylic or modacrylic staple fibers mixed mainly or solely with cotton. This yarn is not intended for retail sale and is primarily used for various textile applications. It may include yarns used in the production of clothing, home textiles, upholstery, and other fabric-based products.
The bound or Most Favored Nation (MFN) duty rate for HS Code 55096200 is 12%. The MFN principle ensures that any trade barrier reduction or market opening by a country applies equally to all its trading partners for the same goods or services. This means that when a country lowers its trade barriers or opens up its market, it must do so for all countries it trades with.
The quantity unit for HS Code 55096200 is kilograms (KG). This means that the measurement and calculation of the product's quantity for import or export purposes are based on weight in kilograms.
There are several special tariff preference programs associated with HS Code 55096200. These programs provide specific tariff rates or duty-free treatment for countries involved in trade with the United States. The programs applicable to this HS code include:
These special rates or duty-free treatments aim to promote trade and economic cooperation between the United States and the mentioned countries. Importers or exporters engaging in trade under these programs can benefit from reduced duty rates or duty-free access.
In the case of HS Code 55096200, the following US states are involved in importing and exporting this product:
These states have been identified as key players in the import and export of yarn (other than sewing thread) of acrylic or modacrylic staple fibers mixed mainly or solely with cotton. They contribute to the trade flow and distribution of this product within the United States.
HS Code 55096200 represents a specific category of yarn in international trade. It encompasses yarn made of acrylic or modacrylic staple fibers mixed mainly or solely with cotton. The duty rate for this HS code is 12%, and the quantity unit is kilograms. Additionally, there are special tariff preference programs available for certain countries, providing reduced duty rates or duty-free treatment. Importing and exporting of this product involve US states such as Delaware and North Carolina.