The HS Code 52081160 refers to a specific type of woven cotton fabric that is used for typewriter ribbon production. This fabric is made up of at least 85% cotton by weight and is classified as plain weave. It has a weight of not more than 100 g/m2 and is unbleached. Additionally, it is designated for use with typewriter ribbons that have a number 69 or higher.
When it comes to trade regulations, the HS Code 52081160 enjoys certain benefits. The bound or most-favored-nation (MFN) duty rate for this product is free. This means that whenever a country reduces trade barriers or opens up its market, it must apply the same treatment to all its trading partners for this specific fabric.
The quantity unit for this fabric is measured in square meters (M2). This provides a standard unit of measurement for both importers and exporters of this product.
There are also special tariff preference programs in place for the HS Code 52081160. The following countries have duty-free treatment for this fabric: Bahrain (BH), Canada (CA) under the NAFTA agreement, Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under the NAFTA agreement, Oman (OM), Panama (P), Peru (PE), and Singapore (SG). This means that importers from these countries can bring in this fabric without paying any additional duties.
However, Australia (AU) applies a 3% special rate for this fabric, while Morocco (MA) has a special rate of 0.9%. These rates are still relatively low compared to standard duties, providing some benefits for importers and exporters involved in trade between these countries.
In terms of importing, the United States is a major market for this fabric. Various states within the US import this woven cotton fabric for typewriter ribbon production. On the other hand, the exporting US states may vary depending on the specific business arrangements and trade partners involved.
the HS Code 52081160 represents a specific type of woven cotton fabric used for typewriter ribbon production. It has specific requirements in terms of cotton content, weight, weave, and application. Trade regulations and special tariff preference programs provide opportunities for duty-free or reduced-duty importation of this fabric in several countries. Importers and exporters can benefit from understanding the HS Code and its associated regulations to facilitate international trade in this particular product.