When it comes to international trade, it is important to have a standardized system that allows for the classification and identification of goods. The Harmonized System (HS) is an internationally recognized system used for the classification of products. Each product is assigned a unique HS code, which helps in the identification and classification of goods for customs and trade purposes.
One such HS code is 59112030, which is assigned to the product "Bolting cloth, whether or not made up, nesoi." This code helps to categorize and differentiate this specific type of product from others in the global market.
The product described under HS code 59112030 is bolting cloth. Bolting cloth refers to a type of woven mesh fabric that is used in various applications, particularly in industries such as printing, filtration, and separation processes. It is commonly made from materials such as polyester, nylon, or stainless steel wire.
Whether or not the bolting cloth is made up into a specific product or not, it falls under this HS code. This means that both the raw materials and finished products made from bolting cloth are covered by this code.
The unit of quantity for this product is measured in square meters (M2). This unit helps in determining the area of bolting cloth required for a specific application or product.
The bound / most-favored-nation (MFN) duty rate for HS code 59112030 is free. This means that no import duties or tariffs are imposed on the product when it is traded between countries. The principle behind the MFN duty rate is 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 free duty rate encourages international trade and ensures equal treatment for all trading partners, promoting fair and open competition in the global market.
While the bound / MFN duty rate for HS code 59112030 is free, there are certain special tariff preference programs that offer additional benefits or preferential treatment for specific countries. These programs allow for further trade facilitation and promote economic cooperation among participating nations.
For HS code 59112030, the following special tariff preference programs apply:
These special tariff preference programs provide various benefits such as duty-free treatment or reduced import duties for specific countries. It is important for traders and importers to be aware of these programs and take advantage of them to enhance their competitiveness in the global market.
HS code 59112030 is used for the import and export of bolting cloth, whether in raw material form or as finished products, in the United States. The specific states involved in importing or exporting this product may vary depending on market demand and trade dynamics.
Some of the major importing US states for HS code 59112030 include:
Similarly, some of the major exporting US states for HS code 59112030 include:
These states play a crucial role in the import and export of bolting cloth, contributing to the overall trade and economic growth of the United States.
HS code 59112030, assigned to bolting cloth, plays a vital role in the classification and identification of this specific product for international trade purposes. It helps in facilitating trade, ensuring fair and equal treatment among trading partners, and promoting economic cooperation through special tariff preference programs.
Understanding the HS code and its associated details, such as the product description, unit of quantity, bound / MFN duty rate, and special tariff preference programs, is essential for importers, exporters, and traders in navigating the global market successfully.
By leveraging the benefits of special tariff preference programs and staying informed about the import and export dynamics of bolting cloth, businesses can maximize their opportunities, enhance their competitiveness, and contribute to the growth of the global trade ecosystem.