The HS Code 99035220 refers to a specific product description of Upland cotton, which falls within the specified quantity limitations, under the Special Cotton Import Quota Ann. No. 20. This code is used for the classification and identification of goods for international trade purposes.
Upland cotton is a widely cultivated and commercially important variety of cotton. It is known for its versatility, as it can be used in the production of various textile products such as clothing, bedding, and industrial materials.
The Special Cotton Import Quota Ann. No. 20 pertains to a specific quota system established for the importation of Upland cotton. This quota system imposes limitations on the quantity of Upland cotton that can be imported within a designated 180-day period.
Bound / MFN duty rate is an important aspect to consider when importing or exporting goods. It refers to the duty rate that is applied to a product when a country lowers a trade barrier or opens up a market. The principle behind this is that once a country reduces trade barriers for a specific product, it must do so for the same goods or services from all its trading partners.
Unfortunately, the specific quantity unit for the HS Code 99035220 is not available (NA). This means that the exact measurement or unit of quantity for the Upland cotton within the Special Cotton Import Quota Ann. No. 20 is unspecified or not provided.
Under the Special Tariff Preference Programs, Upland cotton classified under HS Code 99035220 is eligible for a 10% duty rate for imports from Canada. This preferential treatment is granted under the North American Free Trade Agreement (NAFTA). It allows for duty-free treatment of Upland cotton imports from Canada, making it more advantageous for Canadian exporters.
When it comes to importing Upland cotton under HS Code 99035220, various US states serve as importers while others act as exporters. The specific states involved in the import and export of Upland cotton may vary depending on market demand, production capabilities, and trade agreements.
the HS Code 99035220 is used to classify and identify Upland cotton within the Special Cotton Import Quota Ann. No. 20. This code facilitates international trade by providing a standardized system for product classification. It is important for importers, exporters, and traders to be aware of the specific regulations, tariff rates, and preferential treatment associated with this HS code to ensure compliance and take advantage of any available benefits.