When it comes to international trade, it is essential to have a standard classification system for products. The Harmonized System (HS) Code is a globally recognized system that categorizes goods based on their characteristics, composition, and intended use. This article focuses on HS Code 55152210, which refers to woven fabrics of acrylic or modacrylic staple fibers, mixed mainly or solely with wool or fine animal hair, nesoi.
The HS Code 55152210 specifically describes a type of woven fabric that is made from a blend of acrylic or modacrylic staple fibers and wool or fine animal hair. This combination of materials results in a fabric that offers unique properties and characteristics.
One important aspect to consider when importing or exporting goods is the duty rate. The bound or Most Favored Nation (MFN) duty rate for HS Code 55152210 is 12%. The MFN duty rate signifies 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.
The quantity unit for HS Code 55152210 is square meters (M2). This unit of measurement is used to determine the quantity of fabric being imported or exported.
Various countries have implemented special tariff preference programs for HS Code 55152210. These programs offer reduced or duty-free rates for importers and exporters. Some of the countries and their respective tariff rates for this HS Code are as follows:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing favorable conditions for certain goods.
When importing or exporting goods, it is also important to consider the specific states involved in the trade. While the data provided does not specify the importing and exporting US states for HS Code 55152210, it is crucial for traders to be aware of the regulations and requirements of the states involved to ensure a smooth and compliant trade process.
Overall, HS Code 55152210 encompasses a specific type of woven fabric made from a blend of acrylic or modacrylic staple fibers and wool or fine animal hair. Understanding the HS Code, duty rates, and special tariff preference programs for this product category is essential for traders engaging in international trade.