Glass fiber yarns are an essential component of many industries, including construction, automotive, electronics, and aerospace. They are widely used for their strength, durability, and resistance to heat and chemicals. In this article, we will explore the HS Code 70191915, which specifically refers to glass fiber yarns that are not colored and are other than fiberglass rubber reinforcing yarn.
The HS Code system is a standardized international system for classifying and categorizing products in international trade. It is used by customs authorities around the world to identify and classify goods for import and export purposes. The HS Code 70191915 specifically identifies glass fiber yarns that meet the described characteristics.
Glass fiber yarns under this HS Code are not colored, meaning they have not undergone any coloring process. This makes them versatile and suitable for various applications where color is not a requirement. These yarns are also different from fiberglass rubber reinforcing yarn, which is specifically designed for reinforcing rubber products.
The bound or most-favored-nation (MFN) duty rate for glass fiber yarns under HS Code 70191915 is 6.5%. The MFN duty rate implies 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 promotes fair and equal treatment among trading partners.
The quantity unit for glass fiber yarns under this HS Code is kilograms (KG). This unit is commonly used in international trade to measure the weight of goods. It provides a standardized and uniform measurement for the accurate calculation of duties, taxes, and other trade-related costs.
Glass fiber yarns under HS Code 70191915 may also qualify for special tariff preference programs. These programs allow for reduced or zero-duty rates for certain countries or regions. For example, glass fiber yarns can be imported duty-free under special tariff preference programs in countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central America (under DR-CAFTA), Peru, and Singapore. These special rates aim to promote trade and economic cooperation between countries.
When it comes to importing glass fiber yarns under HS Code 70191915 into the United States, no specific restrictions or requirements are mentioned. The importing US states can freely import these yarns from any country without any additional obligations.
Similarly, the exporting US states can export glass fiber yarns under this HS Code to any country without facing any specific limitations or regulations. This encourages the growth of the glass fiber industry and allows for seamless global trade.
glass fiber yarns under HS Code 70191915 play a crucial role in various industries. Their strength, durability, and resistance to heat and chemicals make them highly sought after. The HS Code system provides a standardized classification for these yarns, facilitating international trade. The special tariff preference programs further promote trade by offering reduced or zero-duty rates for certain countries or regions. As glass fiber yarns continue to be in high demand, their import and export under HS Code 70191915 contribute to the growth and development of the global economy.