Power looms play a crucial role in the textile industry, allowing for efficient and precise fabric weaving. HS Code 84462110 specifically refers to shuttle type power looms designed to weave fabrics with a width exceeding 4.9 meters. In this article, we will explore the product description, duty rates, special tariff preference programs, as well as the importing and exporting US states associated with this HS code.
The shuttle type power looms covered by HS Code 84462110 are used for weaving fabrics that are wider than the average width. These looms are equipped with shuttle devices that carry the weft yarn back and forth across the warp threads, ensuring a smooth and consistent weaving process. With a width exceeding 4.9 meters, these power looms are specifically designed to accommodate the production of wider fabrics for various applications in the textile industry.
The bound or most-favored nation (MFN) duty rate for HS Code 84462110 is currently set at free. This means that importing countries do not impose any duties or taxes when these shuttle type power looms are brought into their markets. As a result, this encourages trade and promotes the growth of the textile industry by eliminating trade barriers.
It is important to note that the bound duty rate applies universally to all trading partners. Whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment in international trade.
HS Code 84462110 enjoys special tariff preference programs in various countries. These programs provide additional benefits and exemptions for the importation of shuttle type power looms. The following countries have implemented special rates or duty-free treatment for this HS code:
These special tariff preference programs aim to promote trade and strengthen the economic ties between countries. By providing duty-free treatment or special rates, they encourage the importation of shuttle type power looms, facilitating the growth of the textile industry on a global scale.
When it comes to importing shuttle type power looms under HS Code 84462110, several US states are actively involved. The following states are known for importing these looms:
These states recognize the importance of shuttle type power looms in their textile industries and rely on imports to meet their production demands.
On the other hand, the following US states are known for exporting shuttle type power looms:
These states are actively involved in the global trade of shuttle type power looms, contributing to the growth of the textile industry both domestically and internationally.
Overall, HS Code 84462110 plays a significant role in the textile industry, allowing for the efficient weaving of fabrics that exceed the average width. With duty-free treatment, special tariff preference programs, and active involvement from importing and exporting US states, the global trade of shuttle type power looms continues to thrive, supporting the growth and development of the textile industry worldwide.