The HS Code 55142900 refers to dyed woven fabrics made of synthetic staple fibers that are not elsewhere specified or included (nesoi). These fabrics contain less than 85% by weight of synthetic fibers, and they are mixed mainly or solely with cotton. The fabrics have a weight of over 170g/m2.
When it comes to trade, countries often have different duties and tariffs for imported goods. However, the MFN (Most Favored Nation) principle states 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. In the case of HS Code 55142900, the bound or MFN duty rate is 12%.
The quantity unit for measuring these fabrics is square meters (M2). This unit helps in determining the area of the fabric being imported or exported. It is a standard measurement unit used in the textile industry.
There are also special tariff preference programs available for the import of fabrics under HS Code 55142900. The following countries enjoy preferential tariff rates:
These special rates provide certain countries with better trade conditions when importing fabrics under HS Code 55142900. It encourages trade partnerships and promotes economic growth between nations.
Importing and exporting of goods under HS Code 55142900 occur between various US states and other countries. The specific importing and exporting US states may vary depending on the trade agreements and partnerships between the countries involved.
HS Code 55142900 represents dyed woven fabrics of synthetic staple fibers mixed with cotton. It is important to understand the duty rates, special tariff preference programs, and quantity unit when importing or exporting these fabrics. The MFN principle ensures fair trade practices among countries, and special rates provide certain countries with better trade conditions. By knowing these details, businesses can make informed decisions and take advantage of the benefits offered by trade agreements.