Woven fabrics of artificial staple fibers nesoi, unbleached or bleached, nesoi, fall under HS Code 55169100. This code is used to classify and identify these specific types of fabrics for international trade purposes. In this article, we will explore the details of this HS Code and its implications for trade.
The product description of HS Code 55169100 specifies that it includes woven fabrics made of artificial staple fibers that are neither specified elsewhere nor bleached or unbleached. The fabrics covered by this code can be used for various purposes, such as clothing, home textiles, and industrial applications.
When importing or exporting products classified under HS Code 55169100, it is important to understand the associated duty rates. The bound or MFN (Most Favored Nation) duty rate for this HS Code is 12%. This means 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. Therefore, the duty rate for woven fabrics of artificial staple fibers remains consistent at 12%.
The quantity unit for this HS Code is square meters (M2). This ensures a standardized measurement for the fabrics being imported or exported under HS Code 55169100, making it easier for businesses to calculate quantities and costs.
Several special tariff preference programs are available for products classified under HS Code 55169100. These programs offer reduced or zero duty rates for specific countries. The countries and their corresponding tariff rates for this HS Code are as follows:
These special tariff preference programs provide opportunities for businesses to benefit from reduced or zero duty rates, depending on the country they are importing from or exporting to.
When it comes to importing and exporting under HS Code 55169100, it is also important to consider the specific states within the United States that are involved in these transactions. The exporting and importing US states play a crucial role in determining the logistics, transportation, and distribution of the woven fabrics of artificial staple fibers.
HS Code 55169100 represents woven fabrics of artificial staple fibers that are unbleached or bleached and not specified elsewhere. Understanding the associated duty rates, quantity unit, and special tariff preference programs can help businesses make informed decisions when importing or exporting these fabrics. By leveraging the benefits of reduced or zero duty rates, businesses can enhance their competitiveness in the global market.