The HS Code 55142200 refers to a specific type of fabric that falls under the category of woven twill fabric. This fabric is made from poly staple fibers and may also include a certain percentage of cotton fibers. It is a dyed fabric and has a weight of over 170 grams per square meter.
When it comes to trade barriers and market openings, the bound or most-favored-nation (MFN) duty rate for this particular HS Code is 14.9%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this HS Code is measured in square meters (M2). This measurement is used to determine the quantity of fabric being imported or exported.
There are also special tariff preference programs associated with this HS Code. Some countries offer duty-free treatment for this product, while others have reduced tariff rates. The countries that provide duty-free treatment for this HS Code include Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG). Australia (AU) offers a special rate of 3% for this product, while Morocco (MA) provides a special rate of 1.5%.
It is important to note that the importing and exporting of this fabric can occur between various states within the United States. The specific states involved in the import and export of this product may vary depending on the business transactions and agreements between parties.
the HS Code 55142200 represents a woven twill fabric made from poly staple fibers, including a certain percentage of cotton fibers. It is dyed and has a weight of over 170 grams per square meter. This fabric is subject to a bound or MFN duty rate of 14.9% and various special tariff preference programs are available for different countries. Importing and exporting of this fabric can occur between different states within the United States.