In this educational article, we will explore the HS Code 60052200, which refers to dyed warp knit fabrics made of cotton. We will discuss the product description, duty rates, quantity units, special tariff preference programs, as well as the importing and exporting US states.
The HS Code 60052200 specifically includes dyed warp knit fabrics made on galloon knitting machines, but excludes fabrics falling under headings 6001 to 6004. This code helps to categorize and classify these specific types of cotton fabrics for international trade purposes.
Warp knit fabrics are produced by interlocking loops in a lengthwise direction, giving them a unique structure and stretchability. These fabrics find applications in various industries such as apparel, home textiles, and technical textiles.
The bound or most-favored-nation (MFN) duty rate for HS Code 60052200 is 10%. The MFN principle ensures that whenever 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 duty rate is applicable to all countries unless specific tariff preference programs are in place.
The quantity unit for HS Code 60052200 is kilograms (KG). This unit of measurement is used to determine the weight of the fabrics being imported or exported under this HS Code.
Several countries have established special tariff preference programs for dyed warp knit fabrics of cotton falling under HS Code 60052200. These programs provide reduced or duty-free rates for imports and are aimed at promoting trade and economic cooperation between countries. The following are the special tariff preference programs and the corresponding rates applicable:
These special tariff preference programs enable importers and exporters to benefit from lower or zero tariffs, thereby encouraging trade and enhancing competitiveness in the global market.
While the HS Code 60052200 is applicable to imports and exports across the United States, it is worth mentioning that certain states have specific import/export activities related to dyed warp knit fabrics of cotton. One such state is Rhode Island, which is actively involved in the trade of these fabrics.
Importers and exporters in Rhode Island can take advantage of the special tariff preference programs mentioned earlier to facilitate their trade activities and potentially reduce costs.
the HS Code 60052200 represents dyed warp knit fabrics made of cotton. It is classified under this code to simplify international trade procedures. Understanding the product description, duty rates, quantity units, special tariff preference programs, and the involvement of specific US states in importing and exporting can help businesses navigate the complexities of trade and maximize their opportunities in this sector.