When it comes to international trade, HS codes play a crucial role in identifying and classifying products. In this article, we will delve into the details of HS Code 52082240, which refers to woven cotton fabric. This code provides specific information about the product's composition, weight, weave, and bleaching status. Let's explore the intricacies of this HS code and its implications for importers and exporters.
The HS Code 52082240 represents woven cotton fabric that contains at least 85% cotton by weight. The fabric is characterized by a plain weave and weighs over 100 but not exceeding 200 grams per square meter (g/m2). Additionally, it is bleached and falls under number 42 or lower, indicating its fine quality.
The bound / Most Favored Nation (MFN) duty rate for HS Code 52082240 is 8.4%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate to all its trading partners for the same goods or services. The 8.4% duty rate ensures fair and equitable trade practices in the global market.
The quantity unit for HS Code 52082240 is square meters (M2). This unit of measurement allows importers and exporters to accurately determine the quantity of woven cotton fabric being traded. It ensures transparency and facilitates smooth transactions between parties involved in international trade.
Under various special tariff preference programs, HS Code 52082240 enjoys different duty rates in specific countries. These preferential rates aim to promote trade and strengthen economic ties between nations. Here are the special tariff preference programs applicable to this HS code:
These special tariff preference programs provide significant benefits to importers and exporters, making trade more affordable and encouraging economic cooperation among participating countries.
HS Code 52082240 is relevant for both importers and exporters in the United States. Importing US states can benefit from the special tariff preference programs mentioned earlier, depending on the specific trade agreements in place. Exporting US states, on the other hand, have the opportunity to tap into international markets by exporting woven cotton fabric to countries that demand this product.
HS Code 52082240 serves as a vital reference point for international trade involving woven cotton fabric. It provides detailed information about the product's composition, weight, weave, and bleaching status. Additionally, the bound / MFN duty rate, quantity unit, and special tariff preference programs associated with this HS code contribute to the smooth facilitation of trade worldwide. Understanding and utilizing this HS code effectively can open up numerous opportunities for importers and exporters in the global market.