The HS Code 99035222 refers to a specific category of Upland cotton that falls within the Special Cotton Import Quota Ann. No. 22. This code is used to classify and identify this particular type of cotton for international trade purposes.
Upland cotton is a widely cultivated and traded variety of cotton. It is known for its versatility and is used in the production of various textile products such as clothing, home furnishings, and industrial fabrics. The HS Code 99035222 specifically pertains to Upland cotton that is imported under certain quantitative limitations for a 180-day period.
Bound / MFN Duty Rate:
The Bound / MFN (Most Favored Nation) duty rate refers to the rate of duty that is applicable to the importation of this specific type of Upland cotton. It is a fixed rate that is determined by the country and is applicable to all trading partners. This means that whenever 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.
Quantity Unit:
The quantity unit for the Upland cotton classified under HS Code 99035222 is not specified in the available data. However, this information is crucial for international trade purposes as it helps determine the volume and quantity of cotton being imported or exported.
Special Tariff Preference Programs:
Under the HS Code 99035222, the Upland cotton imported under the Special Cotton Import Quota Ann. No. 22 is eligible for a special tariff preference program. In this case, the tariff preference program is 10% for Canada. This means that Upland cotton imported from the United States to Canada under this HS Code will receive a duty-free treatment of 10%.
Importing US States and Exporting US States:
While the available data does not specify the importing and exporting US states for Upland cotton classified under HS Code 99035222, it is important to note that the HS Code system is used globally to classify and identify traded goods. It provides a standardized framework for international trade statistics and helps facilitate the smooth movement of goods across borders.
the HS Code 99035222 is used to classify and identify Upland cotton that falls within the Special Cotton Import Quota Ann. No. 22. This code helps streamline international trade and provides important information regarding duty rates, quantity limitations, and special tariff preference programs. Understanding and utilizing the HS Code system is crucial for businesses involved in international trade to ensure compliance and efficient trade operations.