Woven fabrics of synthetic staple fibers are an essential component of the textile industry. These fabrics are versatile and can be used in various applications, ranging from clothing to upholstery. HS Code 55159905 specifically refers to woven fabrics of synthetic staple fibers that contain 36% or more wool or fine animal hair, not including polyester, acrylic, or modacrylic staple fibers.
The HS Code is an internationally recognized system for classifying and identifying traded products. It plays a crucial role in facilitating global trade by providing a standardized code for each product, enabling easy identification and classification by customs authorities and traders.
The product description for HS Code 55159905 highlights the composition and characteristics of the woven fabrics. These fabrics are made from synthetic staple fibers combined with a significant percentage of wool or fine animal hair. The inclusion of wool or fine animal hair enhances the fabric's properties, such as warmth, softness, and durability.
When it comes to trade, it is essential to consider the bound or Most Favored Nation (MFN) duty rate associated with the HS Code. The bound duty rate for HS Code 55159905 is 25%. 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. The bound duty rate ensures fair and non-discriminatory treatment for all trading partners.
The quantity unit for HS Code 55159905 is square meters (M2). This unit is used to measure the area of the woven fabrics. It provides a standardized measurement that allows for accurate and consistent trade transactions.
There are also special tariff preference programs associated with HS Code 55159905. These programs offer preferential treatment in terms of duty rates for certain countries. For example, the following countries enjoy duty-free treatment: 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).
Additionally, Australia (AU) enjoys a special rate of 3% for importing HS Code 55159905. Morocco (MA) has a specific duty rate of 0.4?/kg plus 2.6%. These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing trade barriers and facilitating market access.
Importing and exporting HS Code 55159905 involves various US states. The specific states involved in importing these woven fabrics may vary depending on market demand and trade relationships. Similarly, the exporting US states may differ depending on the location of textile manufacturers and their export capabilities.
HS Code 55159905 represents woven fabrics of synthetic staple fibers containing 36% or more wool or fine animal hair, excluding polyester, acrylic, or modacrylic staple fibers. This HS Code plays a crucial role in facilitating international trade by providing a standardized code for identification and classification. The associated duty rates and special tariff preference programs further enhance trade opportunities and promote economic cooperation between countries.