Woven fabrics of metal thread and metallized yarn are a unique and versatile type of textile used in various industries. Classified under HS Code 58090000, these fabrics find applications in apparel, furnishing, and other similar uses.
HS Code 58090000 specifically covers woven fabrics of metal thread and metallized yarn that fall under heading 5605. These fabrics can be used for making garments, as well as for furnishing purposes such as curtains, upholstery, and decorative items.
The quantity unit for these fabrics is measured in square meters (M2). This unit helps in accurately determining the quantity of fabric required for various purposes. Whether it's for manufacturing clothing or calculating the amount needed for furnishing a specific area, square meters provide a standardized measurement.
When it comes to the import and export of these fabrics, trade barriers and duty rates play a significant role. The bound or MFN (Most Favored Nation) duty rate for HS Code 58090000 is 14.9%. 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.
However, certain special tariff preference programs offer exemptions or reduced duty rates for importing these fabrics. The following countries have free trade agreements or special rates for HS Code 58090000: Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore. These countries provide either duty-free treatment or a reduced duty rate of 1.5%. Additionally, Morocco has a special rate of 1.5% for importing these fabrics.
It is important for importers and exporters to be aware of the special tariff preference programs available to them, as they can significantly impact the cost of trade. Taking advantage of these programs can lead to cost savings and increased competitiveness in the global marketplace.
When it comes to the importing and exporting of these fabrics, it is also essential to consider the specific states involved. Different states within the United States may have varying regulations and requirements for the import and export of goods. Similarly, the exporting states outside the US may have their own rules and regulations. It is crucial for businesses to familiarize themselves with the specific requirements of the importing and exporting states to ensure smooth trade operations.
HS Code 58090000 encompasses woven fabrics of metal thread and metallized yarn used in various industries. Understanding the duty rates, special tariff preference programs, and the specific regulations of importing and exporting states is crucial for businesses engaged in the trade of these fabrics. By staying informed and taking advantage of the available benefits, businesses can navigate the global marketplace more effectively.