Tire cord fabric plays a crucial role in ensuring the performance and safety of tires. It is a textile material made from high tenacity polyester yarns, specifically designed to reinforce tires and provide them with strength and durability. The HS Code 59022000 is assigned to this particular type of tire cord fabric.
When it comes to international trade, the HS code is an essential classification tool. It allows countries to identify and categorize different products for various purposes, such as customs duties, trade statistics, and regulations. The HS code 59022000 specifically identifies tire cord fabric made from high tenacity yarn of polyesters.
The bound or Most Favored Nation (MFN) duty rate for tire cord fabric with HS code 59022000 is 5.8%. This means that whenever a country lowers a trade barrier or opens up its market, it must apply the same duty rate to all its trading partners for the import of this product.
The quantity unit for measuring tire cord fabric is kilograms (KG). This standardized unit enables accurate measurement and tracking of the volume of tire cord fabric traded worldwide.
There are also special tariff preference programs in place for the import of tire cord fabric with HS code 59022000. These programs offer reduced or zero-duty rates for certain countries. The following countries enjoy special tariff rates for importing tire cord fabric:
These preferential tariff rates aim to promote trade and enhance economic cooperation between the countries involved. They provide incentives for increased importation of tire cord fabric and foster stronger trade relationships.
Importing tire cord fabric with HS code 59022000 can occur from various countries, while the exporting of this product is primarily done by the United States. The United States, being a major producer of tire cord fabric, exports it to meet the global demand for this essential material in the tire manufacturing industry.
the HS code 59022000 refers to tire cord fabric made from high tenacity yarn of polyesters. This product is crucial for reinforcing tires and ensuring their strength and durability. The HS code classification system allows for accurate identification and categorization of different products in international trade. Various tariff preference programs exist to facilitate the importation of tire cord fabric, with reduced or zero-duty rates applied to certain countries. The United States is a significant exporter of tire cord fabric, supplying it to meet the global demand for this essential material.