When it comes to international trade, it is crucial to have a standardized system that classifies and identifies goods. This is where the Harmonized System (HS) code comes into play. The HS code 55134100 specifically refers to printed plain weave fabrics of polyester staple fibers, mixed mainly or solely with cotton, weighing no more than 170g/m2.
Printed plain weave fabrics are commonly used in the textile industry for various purposes such as clothing, upholstery, and home furnishings. These fabrics are made by interlacing warp and weft threads in a simple over-under pattern, resulting in a plain and uniform appearance.
The composition of the fabric is an essential factor in determining its properties and uses. In the case of HS code 55134100, the fabric is made up of polyester staple fibers, which account for less than 85% of its weight. The remaining percentage consists of cotton fibers. This blend of fibers combines the durability and wrinkle resistance of polyester with the softness and breathability of cotton, making it suitable for a wide range of applications.
Understanding the duty rates associated with a particular HS code is crucial for importers and exporters. The bound or Most Favored Nation (MFN) duty rate for HS code 55134100 is 14.9%. The MFN principle ensures that any trade barrier reduction or market opening by a country applies to all its trading partners equally. This means that the same duty rate is applied to the same goods or services from all countries.
The unit of measurement for HS code 55134100 is square meters (M2). This means that the quantity of fabric being imported or exported is measured in terms of its total area in square meters.
There are also special tariff preference programs in place for HS code 55134100. These programs provide certain countries with preferential duty rates or duty-free treatment. For example, Bahrain, Canada under NAFTA, Chile, Israel, Jordan, Mexico under NAFTA, Oman, Panama, Peru, and Singapore enjoy duty-free treatment for this specific HS code. Australia benefits from a 3% special rate, while Morocco enjoys a 1.5% special rate.
When importing goods under HS code 55134100 to the United States, it is important to consider the specific regulations and requirements of the importing states. Similarly, when exporting goods under this HS code from the United States, knowledge of the regulations and requirements of the destination country is essential to ensure a smooth and compliant trade process.
HS code 55134100 refers to printed plain weave fabrics of polyester staple fibers and cotton. This versatile fabric is widely used in the textile industry for various applications. Understanding the duty rates, measurement units, and special tariff preference programs associated with this HS code is crucial for international traders. By adhering to the regulations and requirements of importing and exporting countries, businesses can ensure seamless trade operations.