Hand-loomed carpets and other textile floor coverings, not of pile construction, woven, made up, of cotton fall under the HS Code 57029905. This code is used to classify and identify this specific type of product for international trade purposes.
The HS Code 57029905 represents a unique classification system that is used globally to categorize and track goods for import and export. It is a standardized code that helps in the identification and classification of products, ensuring a smooth and efficient flow of international trade.
Carpets and textile floor coverings falling under this HS Code are specifically hand-loomed and not of pile construction. This means that they are woven using a traditional hand-operated loom rather than being made with a raised surface of loops or cut pile. Additionally, these floor coverings are made up of cotton, a natural and widely used textile material.
When it comes to importing or exporting these hand-loomed carpets and textile floor coverings, it is important to understand the associated duty rates and tariff preference programs.
The bound/MFN duty rate for HS Code 57029905 is 6.8%. Bound duty rates are the maximum rates that a country can apply to imports under the World Trade Organization (WTO) agreements. The Most Favored Nation (MFN) duty rate is the standard rate applied to imports from all trading partners, ensuring equal treatment for all countries.
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. The 6.8% duty rate applies to hand-loomed carpets and textile floor coverings falling under this HS Code, regardless of the country of origin.
The quantity unit used to measure hand-loomed carpets and textile floor coverings under HS Code 57029905 is square meters (M2). This unit refers to the area covered by the product and is commonly used in the textile industry for measuring and pricing purposes.
Certain countries have special tariff preference programs that provide favorable treatment for imports of hand-loomed carpets and textile floor coverings under HS Code 57029905. These programs can include duty-free treatment or reduced duty rates.
The following countries have special tariff preference programs for this HS Code:
In addition, Morocco has a special rate of 0.6% for hand-loomed carpets and textile floor coverings under this HS Code.
Hand-loomed carpets and textile floor coverings under HS Code 57029905 can be imported and exported between various US states. The specific states involved in the import and export process would depend on the trade agreements and business relationships between different regions within the United States.
Understanding the HS Code 57029905 and its associated details is crucial for importers, exporters, and trade authorities involved in the international trade of hand-loomed carpets and textile floor coverings. By accurately classifying and identifying products under the correct HS Code, smooth customs clearance and compliance with trade regulations can be ensured.