When it comes to international trade, it is crucial to have a clear understanding of the products being imported and exported. One such product is single cotton yarn, specifically classified under HS Code 52051310. In this article, we will delve into the details of this HS code, its product description, tariff rates, special tariff preference programs, and the importing and exporting US states.
The HS Code 52051310 refers to single cotton yarn, which is composed of 85% or more cotton fibers. It is made from uncombed fibers and has a thickness ranging from over 43 to not more than 52 nm. This particular type of cotton yarn is unbleached and not mercerized. Additionally, it is not put up for retail sale, meaning it is primarily intended for further processing or manufacturing purposes.
The bound / MFN duty rate for HS Code 52051310 is set at 6.5%. The MFN (Most Favored Nation) principle ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle promotes fair and non-discriminatory trade practices among nations.
The quantity unit for the single cotton yarn classified under HS Code 52051310 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight and quantity of goods being imported or exported.
HS Code 52051310 is eligible for various special tariff preference programs in certain countries. These programs provide preferential treatment or reduced duty rates for the importation of this particular product. The following countries offer special tariff rates for single cotton yarn:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing trade barriers and facilitating the importation of specific goods.
When it comes to importing and exporting single cotton yarn under HS Code 52051310, certain US states play a significant role. The following US states are involved in the importation and/or exportation of this product:
These states serve as important hubs for the trade of single cotton yarn, contributing to the overall import and export volume of this product in the United States.
HS Code 52051310 represents single cotton yarn made from uncombed fibers, with specific characteristics and applications. Understanding the product description, tariff rates, special tariff preference programs, and the involvement of certain US states in the import and export of this product is essential for businesses and individuals engaged in international trade.