In the world of international trade, HS codes play a crucial role in classifying and identifying products. One such HS code is 59070005, which is specifically assigned to laminated fabrics used for theatrical, ballet, and operatic scenery and properties, including sets. In this article, we will delve into the details of this HS code and explore its various aspects.
The product description for HS code 59070005 is laminated fabrics specified in note 9 to sect. XI of HTS. These fabrics are made of man-made fiber and are primarily used in the entertainment industry for creating theatrical, ballet, and operatic scenery and properties, including sets. The laminated construction of these fabrics provides additional durability and strength, making them suitable for use in demanding stage environments.
The bound or most-favored-nation (MFN) duty rate for HS code 59070005 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate encourages fair and equal trade practices among countries and promotes global economic growth.
The quantity unit for HS code 59070005 is square meters (M2). This unit specifies the measurement used for determining the quantity of laminated fabrics being imported or exported under this HS code. It helps in accurately calculating the amount of product involved in international trade transactions.
Several countries have special tariff preference programs in place for HS code 59070005. These programs offer preferential duty rates or duty-free treatment for imports of laminated fabrics used in theatrical, ballet, and operatic scenery and properties. Here are some of the special tariff preference programs applicable to this HS code:
While specific data regarding the importing US states for HS code 59070005 is not provided, it is important to note that the United States is a significant player in the global trade of laminated fabrics for theatrical, ballet, and operatic scenery and properties. However, further information about the specific states involved in the import of these fabrics is required to gain a complete understanding of the importing landscape.
HS code 59070005 represents laminated fabrics used for theatrical, ballet, and operatic scenery and properties, including sets. This HS code plays a crucial role in international trade by classifying and identifying these specific products. The bound or most-favored-nation duty rate for this HS code is free, promoting fair and equal trade practices among countries. Various special tariff preference programs offer preferential duty rates or duty-free treatment for imports of laminated fabrics under this HS code, benefiting both importing and exporting countries. Understanding the details and implications of HS code 59070005 is essential for businesses and stakeholders involved in the global trade of laminated fabrics for entertainment purposes.