Woven fabrics of artificial staple fibers are classified under HS Code 55163305. This code is used to identify and categorize this specific type of textile product for international trade purposes. The HS code provides a standardized system for classifying goods, making it easier for countries to track and regulate imports and exports.
The product description for HS Code 55163305 is as follows: "Woven fabrics of artificial staple fibers, less than 85% of such fibers, containing 36% or more of wool or fine animal hair, of different colored yarns." This description provides important details about the composition and characteristics of the fabric.
When it comes to trade barriers and market access, the bound (or MFN) duty rate for HS Code 55163305 is 25%. This means 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. The duty rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 55163305 is square meters (M2). This unit is used to measure the amount of fabric being imported or exported. It provides a standard measurement that can be easily understood and compared across different countries and markets.
There are also special tariff preference programs in place for HS Code 55163305. These programs offer reduced or eliminated duty rates for specific countries. The following countries enjoy special tariff rates for this product:
Australia (AU) enjoys a special rate of 3% for this product. Additionally, Morocco (MA) has a special rate of 0.4?/kg + 2.6%.
When importing HS Code 55163305 into the United States, it is important to consider the specific regulations and requirements of the exporting US state. Different states may have their own rules and guidelines for importing textiles, so it is crucial to research and comply with these regulations to ensure a smooth and legal import process.
Overall, HS Code 55163305 plays a crucial role in international trade by providing a standardized classification for woven fabrics of artificial staple fibers. Understanding the product description, duty rates, and special tariff preference programs associated with this HS code is essential for importers and exporters in the textile industry.