When it comes to international trade, it is crucial to have a standardized system for classifying goods. The Harmonized System (HS) code plays a vital role in this process. The HS code 55152205 is assigned to woven fabrics of acrylic or modacrylic staple fibers, containing 36% or more by weight of wool or fine animal hair, nesoi. Let's explore this HS code in detail.
The HS code 55152205 represents woven fabrics made from acrylic or modacrylic staple fibers. These fabrics contain a minimum of 36% wool or fine animal hair by weight. The term "nesoi" stands for "not elsewhere specified or included," indicating that this HS code covers fabrics that do not fall under any other specific category.
Acrylic and modacrylic fibers are synthetic fibers known for their wool-like characteristics, including warmth, softness, and good insulation properties. The inclusion of wool or fine animal hair in these fabrics enhances their natural properties and adds to their overall quality.
The bound / MFN (Most Favored Nation) duty rate for products falling under the HS code 55152205 is 20.1%. This means that every time 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 ensures fair and equal treatment for all participating nations.
The quantity unit for products classified under HS code 55152205 is square meters (M2). This unit helps in accurately measuring and calculating the area of the woven fabrics being imported or exported.
Several special tariff preference programs exist for products falling under HS code 55152205. These programs provide certain countries with preferential treatment in terms of duty rates. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs encourage trade between specific countries and promote economic cooperation and growth.
As for the importing and exporting of products falling under HS code 55152205, the specific US states involved may vary depending on the trade partners. The data provided does not mention any specific states, but it is important to note that the United States engages in trade with various states across the globe, contributing to the import and export of these woven fabrics.
the HS code 55152205 represents woven fabrics made of acrylic or modacrylic staple fibers, containing 36% or more by weight of wool or fine animal hair. This HS code is essential for accurately classifying and regulating the international trade of these fabrics. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code is crucial for importers, exporters, and trade authorities.