The HS Code 59029000 refers to tire cord fabric made from high tenacity yarns of viscose rayon. This article will provide a comprehensive overview of the product, its description, and various aspects related to its import and export.
Tire cord fabric is a crucial component in the manufacturing of tires, providing strength and durability to the tire structure. It is made from high tenacity yarns of viscose rayon, which is a synthetic fiber known for its strength and resilience. The fabric is designed to withstand the rigorous demands of the automotive industry and ensure the longevity of tires.
When it comes to trade, countries often impose certain duties or trade barriers on imported goods. However, the MFN (Most Favored Nation) principle requires that whenever 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. Therefore, the bound duty rate for HS Code 59029000 is free, meaning there are no import duties imposed on this product.
The quantity unit for HS Code 59029000 is kilograms (KG). This unit is used to measure the weight of the tire cord fabric during import and export processes.
There are also special tariff preference programs applicable to HS Code 59029000. These programs provide certain countries with preferential treatment when importing the product. The following countries enjoy free or reduced duty rates for tire cord fabric:
The United States is the importing country for HS Code 59029000, while the exporting countries can vary. It is important for companies involved in the tire cord fabric trade to be aware of the specific regulations and requirements of both the importing and exporting countries.
HS Code 59029000 represents tire cord fabric made from high tenacity yarns of viscose rayon. This product is essential for the tire manufacturing industry and is subject to various import and export regulations. Understanding the HS code, its description, and the applicable duty rates and tariff preference programs is crucial for companies engaged in international trade of tire cord fabric.