The HS Code 52104940 refers to woven fabrics made of cotton, which contain less than 85% cotton by weight and are predominantly or solely mixed with other fibers. These fabrics have a weight not exceeding 200g/m2 and are made from yarns of different colors. The code also specifies that the fabrics must be of number 42 or lower.
When it comes to trade barriers and market access, countries are required to lower their trade barriers or open up their markets for the same goods or services for all their trading partners. This means that if a country reduces its trade barrier for woven fabrics of cotton, it has to do so for all its trading partners.
The quantity unit used for this HS Code is square meters (M2). This unit helps in determining the size or area of the fabric being traded.
There are various special tariff preference programs associated with this HS Code. These programs offer different duty rates for the importation of these fabrics from specific countries. The duty rates may vary from country to country, depending on the preferential trade agreements in place.
For countries like Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX), Oman (OM), Panama (P), Peru (PE), and Singapore (SG), the fabrics imported under HS Code 52104940 are eligible for duty-free treatment. This means that no duties or taxes need to be paid for importing these fabrics from these countries.
Australia (AU) offers a special rate of 3% for the importation of woven fabrics of cotton under this HS Code. This implies that a 3% duty will be levied on the value of the fabrics imported from Australia.
Morocco (MA) provides a special rate of 1% for the importation of these fabrics. This means that a 1% duty will be charged on the value of the fabrics imported from Morocco.
When it comes to the importing and exporting of these fabrics, the HS Code 52104940 is relevant for all US states. It is important for importers and exporters to correctly classify their products using the appropriate HS Code to ensure compliance with customs regulations and to take advantage of any applicable tariff preference programs.
Overall, the HS Code 52104940 specifies the characteristics and trade regulations for woven fabrics of cotton mixed with other fibers. Understanding the HS Code and its associated tariff preference programs can help businesses make informed decisions regarding international trade and importation of these fabrics.