Woven fabrics of synthetic staple fibers are an important category in international trade. Under HS Code 55133901, these fabrics are classified as "nesoi" (not elsewhere specified or indicated) and are mixed mainly or solely with cotton, weighing less than or equal to 170g/m2, and composed of different colored yarns.
The HS Code 55133901 is used to identify and classify these specific woven fabrics for customs and trade purposes. It allows for easier tracking and regulation of imports and exports, ensuring accurate categorization and appropriate tariff rates.
The product description under HS Code 55133901 specifies that these woven fabrics are made of synthetic staple fibers, which are short-length fibers produced from various synthetic materials. The fabrics must contain less than 85% by weight of such fibers, with the remaining portion being cotton. Additionally, the fabrics must weigh no more than 170g/m2 and consist of yarns of different colors. This description provides a clear understanding of the characteristics of the fabrics falling under this HS code.
The bound or most-favored-nation (MFN) duty rate for woven fabrics of synthetic staple fibers under HS Code 55133901 is 14.9%. The MFN duty rate is the maximum rate that a country can impose on imports of a specific product. It is applied uniformly to all trading partners and ensures non-discriminatory treatment.
When 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 principle promotes fair and equal trade practices, preventing any undue advantage or disadvantage for specific countries or products.
The quantity unit for woven fabrics of synthetic staple fibers under HS Code 55133901 is square meters (M2). This unit of measurement is commonly used in the textile industry to quantify the area of fabric being traded. It helps in determining the quantity of fabric needed or supplied, facilitating accurate trade transactions.
Several special tariff preference programs are available for woven fabrics of synthetic staple fibers under HS Code 55133901. These programs offer reduced or duty-free rates for specific trading partners. The following are the special tariff rates for various countries:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for certain products. They incentivize trade and create opportunities for exporters and importers to benefit from reduced tariff rates, ultimately fostering economic growth and international relations.
As HS Code 55133901 refers to international trade, it is essential to consider the importing and exporting US states involved in the trade of woven fabrics of synthetic staple fibers. Tracking the flow of goods between states provides valuable insights into trade patterns and regional preferences.
Unfortunately, the provided data does not include specific information on the importing and exporting US states for HS Code 55133901. However, it is crucial for businesses and traders to be aware of the states involved in the import and export of these fabrics to effectively plan their trade strategies and comply with any regional regulations or requirements.
HS Code 55133901 encompasses woven fabrics of synthetic staple fibers mixed mainly or solely with cotton, weighing less than or equal to 170g/m2, and composed of different colored yarns. This HS code facilitates international trade by providing a standardized classification system and allows for the application of appropriate tariff rates. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for businesses and traders engaged in the global textile industry.