Woven fabrics play a significant role in the textile industry, and one such fabric that falls under the HS Code 55164400 is woven fabrics of artificial staple fibers, mixed mainly or solely with cotton, and printed. This code is used to classify and identify this specific type of fabric in international trade.
The HS Code 55164400 provides a detailed description of the product, stating that it consists of woven fabrics made from artificial staple fibers, which are fibers that are man-made and have a short length. These fabrics contain less than 85% of such fibers and are mixed mainly or solely with cotton. Additionally, they are printed, which adds aesthetic appeal to the fabric.
When it comes to trade barriers and market access, the bound or Most Favored Nation (MFN) duty rate for this particular HS code is 8.5%. The MFN duty rate implies 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. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit used for this HS Code is square meters (M2). This unit of measurement is commonly used to determine the area or size of the woven fabrics being traded.
Several special tariff preference programs apply to the import of products classified under HS Code 55164400. These programs offer reduced or duty-free rates for specific countries. The countries and their respective rates are as follows:
These special tariff preference programs promote trade and cooperation between the countries involved, providing economic benefits for both importers and exporters.
When it comes to importing, the HS Code 55164400 is relevant for all US states. This code is used to identify and classify the woven fabrics being imported into the United States. On the other hand, when it comes to exporting, the specific states within the US that engage in the export of fabrics under this HS code may vary.
the HS Code 55164400 classifies woven fabrics of artificial staple fibers, mixed mainly or solely with cotton, and printed. It provides a standardized classification for this type of fabric, enabling accurate identification and classification in international trade. The code also indicates the duty rates, quantity unit, and special tariff preference programs applicable to this product. Understanding and adhering to the HS Code 55164400 is crucial for importers, exporters, and regulatory authorities involved in the textile trade.