When it comes to international trade, various codes and classifications are used to differentiate products and ensure smooth transactions. One such code is the Harmonized System (HS) code, which is a standardized numerical system used to classify traded products. In this article, we will explore the HS code 55129100, which refers to woven fabrics containing 85% or more by weight of synthetic fibers nesoi, whether unbleached or bleached.
Woven fabrics are a versatile and widely used material in various industries, including fashion, home textiles, and industrial applications. The HS code 55129100 specifically focuses on woven fabrics that are predominantly made of synthetic fibers, excluding those that fall under other specific HS codes.
The product description for HS code 55129100 is straightforward. It refers to woven fabrics that contain 85% or more by weight of synthetic fibers nesoi. Synthetic fibers are man-made fibers that are produced through chemical processes. Some common examples of synthetic fibers include polyester, nylon, and acrylic.
The fabrics can either be unbleached or bleached, indicating whether they have undergone a whitening process. Unbleached fabrics maintain their natural color, while bleached fabrics are treated to achieve a white or lighter shade.
The bound / MFN (Most Favored Nation) duty rate for HS code 55129100 is 14.9%. The MFN principle ensures that when a country lowers a trade barrier or opens up a market for specific goods or services, it must do so for all its trading partners. Therefore, any country importing or exporting woven fabrics falling under this HS code will be subject to a duty rate of 14.9%.
This duty rate applies to both unbleached and bleached woven fabrics containing 85% or more synthetic fibers nesoi.
The quantity unit for HS code 55129100 is square meters (M2). This unit refers to the area measurement of the woven fabric. It is commonly used in the textile industry to determine the quantity of fabric required for production or trade purposes.
Several countries have established special tariff preference programs for specific products to promote trade and economic cooperation. In the case of HS code 55129100, there are various special tariff rates applicable based on the trading partners.
These special tariff preference programs aim to facilitate trade between countries by providing preferential treatment for specific products. Importers and exporters should be aware of these programs to take advantage of reduced duty rates and enhance their competitiveness in international markets.
HS code 55129100 applies to woven fabrics traded internationally, including imports and exports involving the United States. The specific states involved in importing or exporting these fabrics may vary depending on the trade partners and market demands.
Some common importing US states for woven fabrics falling under this HS code include California, New York, Texas, Florida, and Illinois. These states have significant textile industries and consumer markets that drive demand for various types of fabrics.
Similarly, the exporting US states for these woven fabrics can also vary based on production capacities and trade relationships. States like North Carolina, South Carolina, Georgia, and California are known for their textile manufacturing industries and may serve as major exporters of these fabrics.
HS code 55129100 represents woven fabrics containing 85% or more by weight of synthetic fibers nesoi, whether unbleached or bleached. It is essential for importers, exporters, and industry professionals to understand this code's implications, including duty rates, quantity units, and special tariff preference programs. By familiarizing themselves with the details of this HS code, businesses can effectively navigate the international trade landscape and optimize their operations.