Acrylic staple fibers are an essential component in the textile industry. They are widely used in the manufacturing of various products, including clothing, upholstery, and household textiles. The HS Code 99024024 specifically refers to acrylic staple fibers that contain more than 92% polyacrylonitrile, are not dyed or carded, have a decitex ranging from 4 to 6.7, and a length between 89-140 mm.
Understanding the HS Code is crucial for importers, exporters, and government authorities as it helps in the classification and tracking of goods. The HS Code 99024024 falls under subheading 5503.30.00, which is specifically created for acrylic staple fibers. This code allows for a smooth flow of trade across international borders by providing a standardized system for the identification of goods.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99024024 is free. This means that countries are not required to impose any import duties or tariffs on acrylic staple fibers falling under this HS Code. The purpose of this duty rate is to promote international trade and ensure equal treatment for all trading partners.
When 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 of non-discrimination is a fundamental aspect of international trade agreements, and the bound / MFN duty rate for HS Code 99024024 reflects this commitment.
Unfortunately, the data does not provide information about the quantity unit for HS Code 99024024. The absence of this information limits our understanding of the volume or weight of acrylic staple fibers traded under this HS Code. However, it is important to note that the quantity unit plays a crucial role in determining the value and logistics of international trade.
Special tariff preference programs are trade agreements or arrangements between countries that provide preferential treatment in terms of reduced or zero tariffs. These programs aim to foster economic cooperation and promote trade between participating nations. However, the data does not provide any specific information regarding the special tariff preference programs applicable to HS Code 99024024.
As the data does not include information about the importing and exporting US states, we cannot determine the specific states involved in the trade of acrylic staple fibers under HS Code 99024024. However, it is worth noting that the United States is a major player in the global textile industry, both as an importer and exporter.
The US textile industry has a significant impact on the country's economy, providing employment opportunities and contributing to its GDP. Acrylic staple fibers are an important part of the textile supply chain, and their trade under HS Code 99024024 would likely involve various states across the country.
HS Code 99024024 represents acrylic staple fibers that meet specific criteria in terms of composition, dyeing, carding, decitex, and length. This HS Code plays a crucial role in the classification and tracking of these fibers in international trade. The bound / MFN duty rate for this HS Code is free, reflecting the commitment to non-discrimination in trade. While the data does not provide information about the quantity unit or special tariff preference programs, it is clear that acrylic staple fibers under HS Code 99024024 are an essential component of the global textile industry.