Knitted or crocheted fabrics are versatile materials used in various industries, including fashion, home textiles, and upholstery. Among the different types of knitted or crocheted fabrics, "long pile" fabrics made of man-made fibers have gained popularity due to their unique characteristics and applications.
The HS Code 60011020 specifically refers to knitted or crocheted "long pile" fabrics of man-made fibers. This code is used to classify and identify these fabrics in international trade, enabling smooth customs procedures and accurate data collection.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) duty rate associated with HS Code 60011020 is 17.2%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all parties involved.
The quantity unit for measuring these fabrics is square meters (M2). This unit helps in determining the area of the fabric and facilitates accurate measurements during import and export procedures.
In addition to the MFN duty rate, there are special tariff preference programs associated with HS Code 60011020. These programs offer preferential treatment in terms of duty rates for specific countries. Here are some examples:
Furthermore, there are specific duty rates for certain countries:
These special tariff preference programs and specific duty rates aim to promote trade and strengthen economic ties between countries, incentivizing the import and export of knitted or crocheted "long pile" fabrics of man-made fibers.
Importing and exporting of goods under HS Code 60011020 can occur between various states within the United States. The specific importing and exporting states are not mentioned in the available data, but it is important to note that the HS Code facilitates trade within the United States as well.
HS Code 60011020 represents knitted or crocheted "long pile" fabrics of man-made fibers. This code enables accurate classification, smooth customs procedures, and effective trade facilitation. The associated duty rates and tariff preference programs further encourage international trade and cooperation among countries.