HS Code 58110040: Quilted Textile Products
Quilted textile products are a popular choice for consumers looking for comfort, warmth, and style. These products, classified under HS Code 58110040, refer to quilted textile items that are in the form of a piece, excluding embroidery. They are made up of one or more layers assembled with padding, using various textile materials not elsewhere specified.
The HS Code system is an internationally recognized classification system used to categorize products for customs and trade purposes. It helps streamline international trade by providing a uniform language for identifying and classifying goods. In the case of HS Code 58110040, it specifically identifies quilted textile products.
The bound or most-favored-nation (MFN) duty rate for quilted textile products under this HS Code is free. This means that whenever 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. This promotes fair and equal treatment among trading nations.
The quantity unit for quilted textile products is square meters (M2). This unit of measurement is used to determine the size and quantity of the product being imported or exported.
In addition to the general duty rate, there are special tariff preference programs in place for quilted textile products under HS Code 58110040. These programs offer preferential duty rates or duty-free treatment for specific countries. For example, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the Dominican Republic-Central American countries (under DR-CAFTA) are among the countries that enjoy duty-free treatment or reduced duties when importing quilted textile products.
It is important for importers and exporters to be aware of these special tariff preference programs as they can significantly impact the cost of doing business and provide a competitive advantage in the market.
When it comes to importing quilted textile products, the United States is a major destination. Various states within the US serve as import hubs for these products. Likewise, there are several US states that are major exporters of quilted textile products. Understanding the importing and exporting dynamics of specific US states can help facilitate trade and foster economic growth within these regions.
HS Code 58110040 pertains to quilted textile products in the form of a piece, excluding embroidery. It encompasses products made up of one or more layers assembled with padding, using different textile materials. The bound or MFN duty rate for these products is free, ensuring fair treatment among trading partners. Importers and exporters should also be aware of the special tariff preference programs in place for these products, which offer duty-free treatment or reduced duties for specific countries. Understanding the dynamics of importing and exporting quilted textile products in the US can further enhance trade opportunities and economic development.
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