Unbleached or bleached warp knit fabrics of cotton, falling under HS Code 60052100, are a type of textile product that is used in various industries. This article will provide an extensive overview of the HS Code 60052100 and its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 60052100 covers unbleached or bleached warp knit fabrics made of cotton. These fabrics are produced using galloon knitting machines and are distinct from fabrics falling under headings 6001 to 6004. Warp knit fabrics are known for their strength and durability, making them suitable for a range of applications in the textile industry.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 60052100 is 10%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same 10% duty rate for the import of unbleached or bleached warp knit fabrics of cotton from all its trading partners. This duty rate helps to regulate trade and ensure fair competition in the global market.
The quantity unit for HS Code 60052100 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported warp knit fabrics. It allows for accurate tracking and calculation of quantities during trade transactions.
Several countries have special tariff preference programs for imports of unbleached or bleached warp knit fabrics of cotton falling under HS Code 60052100. These programs offer reduced or zero-duty rates to promote trade and economic cooperation. The following are the special tariff preference programs and their corresponding rates:
These special tariff preference programs provide opportunities for exporters and importers to benefit from preferential duty rates, making trade more favorable and encouraging business growth.
When it comes to importing unbleached or bleached warp knit fabrics of cotton classified under HS Code 60052100, there are no specific restrictions on the US states that can engage in such trade. However, it is worth mentioning that Rhode Island is one of the exporting US states that can supply these fabrics to other parts of the country or abroad.
HS Code 60052100 encompasses unbleached or bleached warp knit fabrics made of cotton. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the involvement of US states in importing and exporting can help businesses navigate international trade and take advantage of the benefits offered by this HS code.