Hand-woven tapestries are a beautiful and intricate form of art that has been admired for centuries. These tapestries, classified under HS code 58050010, include the type Gobelins, Flanders, Aubusson, Beauvais, and similar styles. They are specifically designed to be used as wall hangings, adding a touch of elegance and sophistication to any space.
One important aspect to consider when importing hand-woven tapestries is their value. According to the product description, these tapestries must be valued at over $215 per square meter (m2). This ensures that only high-quality and valuable tapestries are included under this specific HS code.
When it comes to trade barriers, countries have different policies in place. However, the bound/MFN (Most Favored Nation) duty rate for hand-woven tapestries classified under HS code 58050010 is free. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal trade practices.
The quantity unit for hand-woven tapestries is measured in square meters (M2). This unit of measurement helps in determining the size and quantity of tapestries being imported or exported.
There are also special tariff preference programs available for hand-woven tapestries classified under HS code 58050010. These programs provide certain countries with preferential treatment when it comes to import duties. The following countries enjoy duty-free treatment: Australia (AU), Bahrain (BH), Canada (CA) under NAFTA (North American Free Trade Agreement), Chile (CL), certain countries or products excluded from CBI (Caribbean Basin Initiative) eligibility, Israel (IL) for certain products excluded from ATPA (Andean Trade Promotion and Drug Eradication Act) eligibility, Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Dominican Republic-Central American countries under DR-CAFTA (Dominican Republic-Central American Free Trade Agreement), Peru (PE), and Singapore (SG). Morocco (MA) has a special rate of 1.3%.
When importing hand-woven tapestries into the United States, it is essential to consider the specific states involved in the trade. While the article does not provide specific information about exporting US states, it is important to note that different states may have their own regulations and requirements when it comes to importing goods.
hand-woven tapestries classified under HS code 58050010 are exquisite pieces of art used exclusively as wall hangings. Their value, duty rates, and special tariff preference programs ensure fair trade practices and promote cultural exchange between countries.