The HS Code 55141990 refers to unbleached or bleached woven fabric made of synthetic staple fibers, which are not elsewhere specified or included (nesoi). The fabric contains less than 85% by weight of these synthetic fibers and is primarily or solely mixed with cotton. The fabric has a weight of over 170 grams per square meter (g/m2).
When importing or exporting this fabric, it is important to be aware of the bound / MFN (Most Favored Nation) duty rate, which is set at 8.5%. MFN is a principle in international trade that states that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this fabric is measured in square meters (M2). This unit helps in determining the quantity of fabric being imported or exported.
There are also special tariff preference programs available for this HS Code. These programs offer reduced or duty-free rates for specific countries. The following are the special tariff preference programs for HS Code 55141990:
These special rates provide incentives for trade and promote economic cooperation between the countries involved.
When importing this fabric into the United States, it is also important to consider the specific states involved in the import-export process. The exporting states are the ones from which the fabric is being shipped, while the importing states are the ones where the fabric is being received. The list of exporting and importing states may vary depending on the particular trade transaction.
HS Code 55141990 pertains to unbleached or bleached woven fabric made of synthetic staple fibers mixed with cotton. It is important to be aware of the bound / MFN duty rate and the special tariff preference programs available for this HS Code. Understanding the quantity unit and considering the exporting and importing states are also crucial when engaging in international trade involving this fabric.