Textile fabrics play a crucial role in various industries, ranging from fashion and home furnishings to automotive and medical. These fabrics undergo continuous innovation and development to meet the ever-evolving needs of consumers. One such innovation is the impregnation, coating, covering, or lamination of textile fabrics with plastics. This process enhances the fabric's properties and expands its range of applications.
The HS Code 59039018 specifically refers to textile fabrics that fall under note 9 of section XI, which covers man-made fabrics. These fabrics are treated with plastics through various techniques to impart specific characteristics and functionalities.
When it comes to international trade, countries often impose trade barriers or tariffs to protect their domestic industries. However, through the Most Favored Nation (MFN) principle, countries are obliged to lower trade barriers or open up their markets for the same goods or services from all trading partners. For textiles fabrics impregnated, coated, covered, or laminated with plastics (HS Code 59039018), the bound or MFN duty rate is 8%.
The quantity unit for measuring these textile fabrics is square meters (M2). This unit helps in determining the surface area of the fabric, which is essential for calculating costs and quantities during import or export transactions.
Several special tariff preference programs exist for HS Code 59039018, offering preferential treatment for specific countries. The following countries enjoy duty-free rates for these textile fabrics: Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG). Australia (AU) enjoys a reduced duty rate of 3%, while Morocco (MA) benefits from a tariff rate of 0.8%.
Now, let's take a closer look at the impact of HS Code 59039018 on the import and export activities of the United States. While the data provided does not specify the exporting states, it does indicate that New Mexico is the importing state for these textile fabrics. This information is vital for businesses and traders involved in the importation or distribution of textile fabrics impregnated, coated, covered, or laminated with plastics, as they can identify potential market opportunities or target specific regions.
HS Code 59039018 encompasses textile fabrics that have been treated with plastics to enhance their properties and functionalities. These fabrics play a vital role in various industries and are subject to a bound or MFN duty rate of 8%. Importers and exporters should be aware of the special tariff preference programs available for this HS code, as well as the specific importing and exporting states involved in trade activities. By understanding these details, businesses can navigate the international trade landscape more effectively and seize opportunities for growth and expansion.