Woven fabrics of artificial staple fibers nesoi, printed, nesoi are classified under HS Code 55169400. This code is used to categorize and identify specific products for international trade purposes. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 55169400.
The product classified under HS Code 55169400 refers to woven fabrics made of artificial staple fibers. These fabrics are not otherwise specified (nesoi) and are printed. The term "nesoi" is used to cover fabrics that do not fall under any other specific classification within this HS Code category. These fabrics can be used for various applications such as clothing, upholstery, and other textile-based products.
The bound/ Most Favored Nation (MFN) duty rate for products under HS Code 55169400 is 12%. The MFN duty rate is the rate that applies to all trading partners when a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive equal treatment from all trading partners. Therefore, any country importing or exporting woven fabrics of artificial staple fibers nesoi, printed, nesoi must adhere to this duty rate.
The quantity unit for products classified under HS Code 55169400 is square meters (m²). This unit is used to measure the area of the woven fabrics. It provides a standardized measurement for trading and ensures accurate calculations for importers and exporters.
Several special tariff preference programs are available for products under HS Code 55169400. These programs offer reduced or duty-free rates for specific trading partners. The following are the special tariff preference programs associated with this HS Code:
These special tariff preference programs are designed to promote trade and strengthen economic relationships between countries. Importers and exporters can take advantage of these programs to reduce costs and enhance competitiveness.
Products classified under HS Code 55169400 can be imported and exported to various US states. The specific states involved in the import and export of these products may vary depending on market demand and trade relationships. Some of the major importing and exporting US states for woven fabrics of artificial staple fibers nesoi, printed, nesoi include:
It is important for businesses involved in the import and export of products under HS Code 55169400 to stay updated with the latest regulations, trade agreements, and market trends. Compliance with duty rates and special tariff preference programs can significantly impact the cost and competitiveness of these products in the international market.