In the world of international trade, the Harmonized System (HS) code serves as a universal language for classifying products. Each HS code represents a specific product or commodity, enabling countries to standardize their trade documentation and regulations. In this article, we will explore the HS code 99021223, which pertains to woven fabrics containing 85 percent or more by weight of vicuna hair.
Product Description:
The HS code 99021223 covers woven fabrics that are primarily made of vicuna hair. Vicuna, scientifically known as Vicugna vicugna, is a South American animal native to the Andes region. It is a member of the camelid family and is highly valued for its soft and luxurious wool.
Bound / MFN Duty Rate:
Currently, the bound or Most Favored Nation (MFN) duty rate for products falling under the HS code 99021223 is free. This means that when a country lowers a trade barrier or opens up a market, it must apply the same duty rate of zero for woven fabrics made of vicuna hair from all its trading partners. This encourages fair and equal treatment in international trade.
Quantity Unit:
Unfortunately, the specific quantity unit for products under the HS code 99021223 is not available (NA). This could be due to the varying units of measurement used by different countries or the nature of the product itself.
Special Tariff Preference Programs:
Some countries may offer special tariff preference programs for woven fabrics containing vicuna hair. These programs aim to promote trade and economic cooperation between countries by providing preferential treatment, such as reduced or zero-duty rates, to eligible products. Importers and exporters should research and take advantage of any applicable programs to enhance their competitiveness in the global market.
Importing US States:
While the HS code 99021223 applies globally, it is worth mentioning the importing US states that have a significant demand for woven fabrics made of vicuna hair. These states may have particular regulations or preferences when it comes to importing such products. Some examples of importing US states for this HS code include California, New York, and Texas.
Exporting US States:
On the other side of the trade equation, there are certain US states that are known for exporting woven fabrics made of vicuna hair. These states have the necessary infrastructure, expertise, and resources to produce and supply these high-quality fabrics to international markets. Notable exporting US states for HS code 99021223 include Colorado, Oregon, and Wyoming.
the HS code 99021223 represents woven fabrics containing 85 percent or more by weight of vicuna hair. Understanding the specific HS code for a product is crucial for importers, exporters, and government authorities involved in international trade. By adhering to the HS code system, countries can streamline their trade processes, ensure fair treatment, and promote economic cooperation. Importers and exporters should stay updated on any changes in duty rates, special tariff programs, and regulations related to HS code 99021223 to optimize their trade activities.