When it comes to carpets and other textile floor coverings made of wool or fine animal hair, the HS Code 57011040 is the one you need to know. This code specifically refers to hand-hooked carpets, which means that the tufts were inserted and knotted by hand or hand tool.
But what exactly does this HS Code entail? Let's dive into the details.
The HS Code 57011040 covers carpets and other textile floor coverings made of wool or fine animal hair. These products are specifically hand-hooked, which means that skilled craftsmen insert and knot the tufts by hand or with the help of hand tools.
This traditional method of carpet making results in exquisite designs and high-quality products. Hand-hooked carpets are known for their durability, softness, and intricate patterns. They are often considered a luxury item and can add a touch of elegance to any space.
Under the World Trade Organization (WTO) rules, countries are required to apply the most favored nation (MFN) treatment to all trading partners. 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.
For the HS Code 57011040, the bound / MFN duty rate is free. This means that importing countries do not have to pay any duties or tariffs when bringing in carpets and textile floor coverings made of wool or fine animal hair that fall under this HS Code.
The quantity unit for the HS Code 57011040 is square meters (M2). This unit is used to measure the size of the carpets and textile floor coverings. It provides a standardized way of quantifying the amount of product being imported or exported.
Certain countries have special tariff preference programs in place for specific products. In the case of the HS Code 57011040, the following special tariff preference programs apply:
These special tariff preference programs allow certain countries to import carpets and textile floor coverings made of wool or fine animal hair under preferential duty rates. For example, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, the Dominican Republic (under DR-CAFTA), Peru, and Singapore can enjoy duty-free treatment for these products. Australia has a special rate of 3%, while Morocco has a special rate of 0.4%.
The HS Code 57011040 applies to both importing and exporting activities in the United States. Carpets and textile floor coverings made of wool or fine animal hair that fall under this HS Code can be imported and exported from various US states.
When importing, the specific state of entry into the US will vary depending on the port of arrival. Similarly, when exporting, the state of origin will vary depending on the port of departure. Some of the major US states involved in the import and export of carpets and textile floor coverings include California, New York, Texas, and Illinois.
the HS Code 57011040 is an essential reference for anyone involved in the import or export of carpets and textile floor coverings made of wool or fine animal hair. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS Code is crucial for successful international trade in this industry.