Textile fabrics play a significant role in various industries, especially in the manufacturing of clothing, upholstery, and home furnishings. One specific type of textile fabric is categorized under HS Code 59032010, which refers to cotton fabrics that have been impregnated, coated, covered, or laminated with polyurethane.
The HS Code 59032010 is used globally to classify and regulate the import and export of these specific textile fabrics. This code ensures that the correct duties, tariffs, and regulations are applied when trading these goods between countries.
These textile fabrics are made of cotton material and undergo a process where they are impregnated, coated, covered, or laminated with a layer of polyurethane. Polyurethane is a versatile material known for its durability, water resistance, and flexibility. By combining it with cotton fabric, manufacturers can create textiles that offer enhanced properties and performance.
The bound or most-favored-nation (MFN) duty rate for HS Code 59032010 is 2.7%. The MFN duty rate is the rate applied to all trading partners when a country lowers a trade barrier or opens up a market. It ensures fair and equal treatment for the same goods or services from all countries.
The quantity unit for HS Code 59032010 is square meters (M2). This unit of measurement is used to determine the area of the textile fabrics being imported or exported. It allows for accurate calculations and pricing based on the size of the fabric.
Several countries have special tariff preference programs for imports classified under HS Code 59032010. These programs offer either duty-free treatment or reduced duty rates for qualifying imports. Here are some examples:
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide incentives for importers and exporters to engage in business and increase the flow of goods across borders.
It's important for importers and exporters to be aware of these special tariff preference programs and take advantage of them to optimize their trade operations.
While the data provided does not specify the exporting US states, it does mention that the importing state in the United States is New Mexico. This information is crucial for businesses involved in the importation of textile fabrics under HS Code 59032010, as it helps them identify potential market opportunities and plan their distribution strategies accordingly.
The HS Code 59032010 represents textile fabrics of cotton that have been impregnated, coated, covered, or laminated with polyurethane. This code ensures that the correct duties, tariffs, and regulations are applied when trading these goods internationally. Importers and exporters should be aware of the special tariff preference programs available and the importing states in order to optimize their trade operations and take advantage of market opportunities.