Floor coverings are an essential element of interior design, providing both functionality and aesthetic appeal to any space. One particular type of floor covering is categorized under HS Code 59049090, which refers to floor coverings consisting of a coating or covering applied on a textile backing. However, it is important to note that this HS code specifically excludes floor coverings made of needleloom felt or nonwovens.
The quantity unit for floor coverings falling under HS Code 59049090 is measured in square meters (M2). This unit of measurement helps in determining the area that needs to be covered, ensuring accurate calculations and estimations for both importers and exporters.
When it comes to trade barriers and tariff rates, HS Code 59049090 enjoys certain benefits under special tariff preference programs. Several countries offer free trade or reduced duty rates for importers and exporters dealing with floor coverings falling under this HS code. Some of the countries offering free trade include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, and Singapore. These countries have established special rates or duty-free treatments to promote trade in this specific product category.
For example, Australia provides a special rate for floor coverings falling under HS Code 59049090, allowing importers and exporters to trade without any duty charges. Similarly, Bahrain, Chile, and Jordan also offer special rates for this category of floor coverings, making it economically favorable for businesses involved in international trade.
On the other hand, certain countries impose a nominal duty rate of 0.3% for floor coverings falling under HS Code 59049090. Morocco is an example of a country that charges this particular duty rate for the import and export of such floor coverings. It is crucial for businesses to be aware of these duty rates to accurately calculate their costs and ensure compliance with international trade regulations.
In the United States, HS Code 59049090 is relevant for importers and exporters in various states. However, it is important to note that the data provided does not specify the exporting US states for this particular HS code. Nevertheless, for importers located in New Mexico, HS Code 59049090 holds significance in terms of the floor coverings imported into the state.
HS Code 59049090 represents floor coverings consisting of a coating or covering applied on textile backing, with a textile base other than needleloom felt or nonwovens. The HS code is measured in square meters (M2) and enjoys special tariff preference programs in several countries, either offering free trade or reduced duty rates. Importers and exporters need to be aware of these benefits and duty rates to effectively navigate the international trade landscape and optimize their business operations.