Linoleum is a versatile material widely used in the construction and interior design industries. It is classified under the HS Code 59041000, which specifically refers to linoleum, whether or not cut to shape. In this article, we will delve into the various aspects of linoleum, including its product description, quantity unit, duty rates, and special tariff preference programs.
Linoleum is a type of flooring material made from natural materials such as linseed oil, resin, cork powder, wood flour, and pigments. It is known for its durability, eco-friendliness, and ease of maintenance. Linoleum is available in a wide range of colors, patterns, and thicknesses, making it suitable for various applications in residential, commercial, and industrial settings. Whether you need linoleum sheets or pre-cut linoleum shapes, HS Code 59041000 covers all forms of this versatile material.
The quantity of linoleum is measured in square meters (M2). This unit provides a standardized measurement for both buyers and sellers, ensuring clarity and accuracy in trade transactions. Whether you are importing or exporting linoleum, the quantity unit of square meters (M2) helps in determining the exact amount and cost of the material involved.
According to the World Trade Organization (WTO), the bound or most-favored nation (MFN) duty rate for linoleum under HS Code 59041000 is free. This means that countries are required to eliminate or lower trade barriers, such as import duties, for linoleum products from all their trading partners. By doing so, countries promote fair and equal treatment for the same goods or services across the board.
Despite the general duty-free status for linoleum, some countries have implemented special tariff preference programs that offer additional benefits or specific duty rates. Here are the details of the special tariff preference programs applicable to linoleum:
These special tariff preference programs provide trade advantages to specific countries, promoting economic cooperation and enhancing trade relationships.
While the data provided does not specify the exporting US states for linoleum under HS Code 59041000, it does mention New Mexico as an importing state. This information suggests that linoleum is commonly imported into New Mexico, indicating a demand for this versatile material in the state's construction and interior design sectors.
HS Code 59041000 represents linoleum, whether or not cut to shape. This comprehensive guide has provided valuable information about linoleum, including its product description, quantity unit, duty rates, and special tariff preference programs. Whether you are a buyer, seller, or simply interested in the subject, understanding the details of HS Code 59041000 can help facilitate international trade and promote the use of linoleum in various industries.