HS Code 55159910: Woven fabrics of synthetic staple fibers mixed with wool or fine animal hair
Woven fabrics are an essential part of the textile industry, and they play a significant role in various applications. One such category of woven fabrics is HS Code 55159910, which refers to fabrics made of synthetic staple fibers mixed mainly or solely with wool or fine animal hair, not including polyester, acrylic, or modacrylic staple fibers.
The HS code system is an internationally recognized standard for classifying products in international trade. It helps in identifying and categorizing goods based on their characteristics, composition, and purpose. HS Code 55159910 specifically focuses on woven fabrics that incorporate synthetic staple fibers mixed with wool or fine animal hair.
When importing or exporting products, it is crucial to be aware of the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for HS Code 55159910 is 12%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate for the same goods or services from all its trading partners.
The quantity unit for HS Code 55159910 is measured in square meters (M2). This unit helps in determining the area of the fabric required for a particular application or order.
In addition to the duty rate, it is essential to understand any special tariff preference programs that may apply to HS Code 55159910. Several countries offer preferential treatment or reduced duty rates for this specific HS code. Some of these programs include:
- Bahrain (BH)
- Canada (CA) under the North American Free Trade Agreement (NAFTA)
- Chile (CL)
- Israel (IL)
- Jordan (JO)
- Mexico (MX) under NAFTA
- Oman (OM)
- Panama (P) under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA)
- Peru (PE)
- Singapore (SG)
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing incentives for importing goods under specific conditions or from certain trading partners. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness.
When it comes to importing HS Code 55159910 into the United States, the exporting country plays a crucial role. Some of the exporting US states for this HS code may include major textile-producing regions such as North Carolina, South Carolina, California, and Texas.
HS Code 55159910 represents a specific category of woven fabrics that blend synthetic staple fibers with wool or fine animal hair. Understanding the duty rates, special tariff preference programs, and the quantity unit for this HS code is essential for importers, exporters, and traders in the textile industry. By staying informed about the regulations and incentives associated with HS Code 55159910, businesses can make informed decisions and optimize their international trade activities.
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