HS Code 58021100: A Comprehensive Guide to Terry Toweling and Similar Woven Terry Fabrics
Terry toweling and similar woven terry fabrics are an essential part of our daily lives. From bath towels to kitchen towels, these fabrics offer comfort, absorbency, and versatility. In this article, we will explore the details of HS Code 58021100, which specifically refers to unbleached cotton terry toweling and similar woven terry fabrics. We will discuss the product description, duty rates, quantity units, special tariff preference programs, and importing/exporting US states.
Product Description:
HS Code 58021100 covers terry toweling and similar woven terry fabrics made of cotton. These fabrics are known for their looped pile construction, which provides exceptional absorbency and softness. It is important to note that this HS code does not include narrow fabrics, which fall under a different heading (5806).
Duty Rates:
The bound or Most Favored Nation (MFN) duty rate for goods classified under HS Code 58021100 is 9.8%. The MFN duty rate is applied uniformly to all trading partners when a country lowers a trade barrier or opens up a market. This ensures fair and equal treatment for all countries involved in international trade.
Quantity Unit:
The quantity unit for HS Code 58021100 is square meters (M2). This unit of measurement is used to determine the size and quantity of the terry toweling and woven terry fabrics being imported or exported.
Special Tariff Preference Programs:
Certain countries have special tariff preference programs in place for goods classified under HS Code 58021100. These programs allow for reduced or duty-free treatment, promoting trade and economic cooperation. Here are some examples:
- Bahrain (BH): Special Rate
- Canada (CA): NAFTA (North American Free Trade Agreement) for duty-free treatment
- Chile (CL): Special Rate
- Israel (IL): Special Rate with duty-free treatment
- Jordan (JO): Special Rate
- Mexico (MX): NAFTA for duty-free treatment
- Oman (OM): Special Rate
- Peru (P): Special Rate
- Singapore (SG): Special Rate
- Australia (AU): Special Rate of 8%
- Morocco (MA): Special Rate of 0.9%
Importing and Exporting US States:
When it comes to importing and exporting goods classified under HS Code 58021100, some US states play a significant role. One such state is Georgia. It is worth noting that Georgia appears twice on the list of exporting US states, indicating its active participation in the trade of terry toweling and woven terry fabrics.
HS Code 58021100 encompasses unbleached cotton terry toweling and similar woven terry fabrics. Understanding the product description, duty rates, quantity units, special tariff preference programs, and key players in importing and exporting is crucial for businesses and individuals involved in the textile industry. Whether you are a manufacturer, importer, or consumer, knowing the details of this HS code can help you make informed decisions and navigate the global trade landscape effectively.
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