Floor coverings are an essential part of any interior design, providing both functionality and aesthetic appeal. One specific category of floor coverings is those consisting of a coating or covering applied on a textile backing, with a base consisting of needleloom felt or nonwovens. These floor coverings are classified under HS Code 59049010.
The HS Code is a standardized system used globally to classify and identify different products for trade purposes. It helps in the smooth flow of international trade by providing a common language for customs officials, importers, and exporters. In the case of floor coverings with textile backing, the HS Code 59049010 allows for easy identification and tracking of these products.
The product description for HS Code 59049010 specifies that it includes floor coverings with a coating or covering applied on a textile backing. The base of these floor coverings consists of either needleloom felt or nonwovens. This description provides important details about the composition and structure of the product, ensuring accurate classification and appropriate trade regulations.
The bound / MFN (Most Favored Nation) duty rate for HS Code 59049010 is free. This means that countries must eliminate or reduce trade barriers and open up their markets for the same goods or services from all their trading partners. By applying a free duty rate, countries promote fair and equal trade practices, fostering global economic growth and cooperation.
The quantity unit for HS Code 59049010 is square meters (M2). This unit of measurement is commonly used in the flooring industry to quantify the area covered by floorings. It allows for accurate calculation and estimation of the quantity of floor coverings needed for a specific space.
Several special tariff preference programs are applicable to HS Code 59049010. These programs offer favorable tariff rates or duty-free treatment for specific countries. The following countries and regions have special rates or duty-free treatment for floor coverings with textile backing:
These special tariff preference programs aim to promote trade and strengthen economic ties between the participating countries. Importers and exporters can take advantage of these programs to reduce costs and enhance competitiveness in the global market.
While specific information about the exporting US states is not provided in the given data, it is important to note that HS Code 59049010 can be imported into any state of the United States. However, it is worth mentioning that the data mentions "New Mexico" multiple times under importing US states. This might indicate a significant demand or trade activity related to floor coverings with textile backing in New Mexico.
HS Code 59049010 represents floor coverings with a coating or covering applied on a textile backing, with a base consisting of either needleloom felt or nonwovens. This code facilitates international trade by providing a standardized classification system. Importers and exporters can take advantage of special tariff preference programs to reduce costs and enhance competitiveness in the global market.
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