When it comes to international trade, each product is identified by a unique code known as the Harmonized System (HS) code. The HS code 60059010 specifically refers to warp knit fabrics made of wool or fine animal hair, excluding those classified under headings 6001 to 6004.
Warp knit fabrics are a type of textile material produced using galloon knitting machines. These machines create a distinctive interlocking pattern that gives the fabric its durability and stretch. Warp knit fabrics made from wool or fine animal hair are known for their warmth, softness, and luxurious feel.
Importing or exporting products classified under HS code 60059010 comes with certain duties and tariff rates. The bound or Most Favored Nation (MFN) duty rate for this HS code is 10%. The MFN duty rate is applicable every time a country lowers a trade barrier or opens up its market, ensuring equal treatment for all trading partners in terms of goods and services.
The quantity unit for products classified under HS code 60059010 is kilograms (KG). This unit of measurement is used to determine the weight of the warp knit fabrics being imported or exported.
Special tariff preference programs also exist for products classified under HS code 60059010. These programs provide preferential treatment in terms of duty rates for specific countries. The following countries enjoy special tariff preferences for warp knit fabrics:
Additionally, certain countries have specific duty rates for warp knit fabrics:
Importing or exporting warp knit fabrics classified under HS code 60059010 can involve various US states as importers or exporters. The specific states involved in these transactions, however, are not mentioned in the provided data.
HS code 60059010 represents warp knit fabrics made of wool or fine animal hair. It is important for importers, exporters, and traders to be aware of the duty rates, special tariff preference programs, and specific countries involved in the trade of these fabrics. Understanding these factors can help ensure efficient and compliant international trade transactions.