Carpets and other textile floor coverings of pile construction, woven, not tufted or flocked, made up, of other textile materials nesoi, fall under HS Code 57024920. This code is used to classify and categorize these specific types of floor coverings for international trade purposes.
When importing or exporting carpets and textile floor coverings under this HS code, it is important to be aware of the associated duty rates and special tariff preference programs that may apply. The bound / MFN duty rate for this product is 4%, which 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.
The quantity unit for this HS code is square meters (M2), which is the standard unit of measurement for carpets and floor coverings. It is important to accurately declare the quantity of goods being imported or exported using this unit.
There are several special tariff preference programs available for carpets and textile floor coverings under HS Code 57024920. The following countries offer duty-free treatment: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Peru, Singapore. These countries have special rates or exclusions based on specific agreements or eligibility criteria.
For example, Australia offers a special rate under the Automotive Products Trade Act (APTA), which grants duty-free treatment for carpets and textile floor coverings imported from the United States. Similarly, Bahrain also offers duty-free treatment for these products. Canada grants duty-free treatment under the North American Free Trade Agreement (NAFTA), and the same applies to Mexico. Chile, Israel, Jordan, Peru, and Singapore also have special rates or exclusions based on specific agreements.
In addition to the duty rates and special tariff preference programs, it is also important to consider the importing and exporting US states for carpets and textile floor coverings under this HS code. The specific states involved in the trade transaction can impact the logistics, transportation, and distribution of these goods.
HS Code 57024920 is used to classify and categorize carpets and other textile floor coverings of pile construction, woven, not tufted or flocked, made up, of other textile materials nesoi. Understanding the duty rates, special tariff preference programs, and other relevant information associated with this HS code is crucial for successful international trade in this product category.