Cotton is a widely used natural fiber that plays a crucial role in the textile industry. The HS Code 99045201 specifically refers to cotton that is not carded or combed and has a staple length under 28.575 mm. This article will provide an in-depth understanding of this HS code, its significance, and the various aspects related to it.
The product description for HS Code 99045201 is cotton, which is not carded or combed. Carding and combing are processes used to separate and align the cotton fibers, making them suitable for spinning into yarn. In this case, the cotton has a staple length under 28.575 mm, indicating that the fibers are relatively short. The HS code also specifies that the cotton is entered in the value safeguard period and has a value of under $0.35/kg.
The bound / MFN (Most Favored Nation) duty rate for HS Code 99045201 is 51.5 cents/kg. This rate applies every time a country lowers a trade barrier or opens up a market. It ensures that any trade barrier reduction or market opening is applied equally to all trading partners of the country. This principle promotes fair and non-discriminatory trade practices.
The quantity unit for HS Code 99045201 is kilograms (KG). This means that the cotton is measured and traded in terms of weight. Kilograms is a commonly used unit in international trade, allowing for standardized measurement and pricing.
Special tariff preference programs are initiatives aimed at promoting trade and economic growth between countries. These programs provide preferential treatment, such as reduced or zero tariffs, to specific products imported from eligible countries. While the specific programs applicable to HS Code 99045201 are not mentioned in the provided data, it is worth noting that cotton may be eligible for certain preferential treatment under regional or bilateral trade agreements.
As the data provided does not mention any specific importing or exporting US states, it is difficult to determine the regional dynamics of trade for HS Code 99045201. However, it is worth mentioning that the United States is a significant player in the global cotton trade. Major cotton-producing states in the US include Texas, Georgia, and Mississippi. On the importing side, states like California, North Carolina, and New York are known for their textile and apparel industries.
HS Code 99045201 represents cotton that is not carded or combed, with a staple length under 28.575 mm. This article provided an extensive insight into the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the potential importing and exporting US states related to this HS code. Understanding these aspects is essential for anyone involved in the cotton industry or international trade.