Hand-woven tapestries and needle-worked tapestries, other than those made of cotton, wool, or fine animal hair, are categorized under HS Code 58050040. This code is used to classify and identify these specific types of tapestries in international trade.
When it comes to trade barriers and market accessibility, the MFN (Most Favored Nation) principle plays a crucial role. According to this principle, whenever a country lowers a trade barrier or opens up its market for a particular product or service, it must apply the same treatment to all its trading partners for the same goods or services. This means that any trade barrier reduction or market opening benefits all countries equally.
The quantity unit for these hand-woven and needle-worked tapestries is measured in square meters (M2). This measurement helps in determining the size and dimensions of the tapestries being imported or exported.
Special tariff preference programs are available for imports of hand-woven tapestries and needle-worked tapestries classified under HS Code 58050040. These programs provide various benefits and reduced duty rates for specific countries. Below are the details of the special tariff preference programs for this HS Code:
Additionally, the HS Code 58050040 attracts a special tariff rate of 1.3% for imports from Morocco.
When importing hand-woven tapestries and needle-worked tapestries classified under HS Code 58050040 to the United States, it is important to consider the specific regulations and requirements of the importing and exporting states. These regulations may vary from state to state and can have an impact on the import process.
Overall, HS Code 58050040 represents a specific category of hand-woven tapestries and needle-worked tapestries that are distinct from those made of cotton, wool, or fine animal hair. It is essential for traders and importers to understand the intricacies of this HS Code and the various tariff preference programs available to ensure smooth international trade operations.