The HS Code 99024007 refers to Modacrylic staple fibers that contain at least 85% by weight of acrylonitrile units. These fibers are undyed, crimped, and have an average decitex of 2.2. They also have a length of 38 mm, as specified in subheading 5503.30.00 of the Harmonized System (HS).
Modacrylic fibers are synthetic fibers that are known for their flame retardant properties. They are commonly used in various applications such as protective clothing, upholstery, and carpets. The high acrylonitrile content in these fibers contributes to their flame resistance and thermal stability.
When it comes to international trade, the HS Code plays a crucial role in classifying and identifying specific products. The HS Code 99024007 is used to categorize and track the import and export of Modacrylic staple fibers worldwide. This standardized system allows customs officials, traders, and statisticians to easily identify and monitor trade flows of specific goods.
One important aspect related to trade barriers and market access is the concept of Bound / MFN duty rate. Bound duty rate refers to the maximum tariff rate that a country has agreed to apply on a specific product. This rate is negotiated and agreed upon during trade negotiations and is usually set higher than the applied or MFN (Most Favored Nation) duty rate.
Under the World Trade Organization (WTO) agreements, countries are required to treat all trading partners equally. This means 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 principle of non-discrimination ensures fair and equitable trade practices.
As for the quantity unit for the HS Code 99024007, it is mentioned as "not available" (NA). This could mean that the specific quantity unit for this product may vary depending on the trade transaction or the reporting country. It is important for traders and statisticians to accurately report the quantity unit to ensure accurate trade data.
In addition to the general trade rules and tariff rates, there are also special tariff preference programs that can affect the import and export of Modacrylic staple fibers. These programs are designed to provide preferential treatment to certain countries or regions, promoting economic development and regional integration.
Importing US states and exporting US states play a significant role in the trade of Modacrylic staple fibers. The United States is a major importer and exporter of various textile products, including synthetic fibers. Understanding the specific trade dynamics between different US states can provide valuable insights into the domestic market and international trade patterns.
the HS Code 99024007 represents Modacrylic staple fibers, which are flame retardant synthetic fibers containing at least 85% acrylonitrile units. These fibers are widely used in various applications and are subject to international trade regulations and tariff rates. Understanding the HS Code system, trade barriers, and special tariff programs is essential for traders, policymakers, and statisticians to effectively analyze and monitor the global trade of Modacrylic staple fibers.