Terry toweling and similar woven terry fabrics are classified under the HS Code 58022000. This code is used to identify and categorize specific products for international trade. In this case, the HS Code 58022000 refers to terry toweling and similar woven terry fabrics made from textile materials other than cotton.
These fabrics are commonly used in the textile industry for a variety of purposes, including towels, bathrobes, and other household textile products. Terry toweling fabrics are known for their softness, absorbency, and durability, making them popular choices for everyday use.
When importing or exporting products classified under the HS Code 58022000, it is important to consider the applicable duty rates. The bound or most-favored-nation (MFN) duty rate for this HS Code is 14%. 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. This promotes fairness and equality in international trade.
The quantity unit for terry toweling and similar woven terry fabrics is measured in square meters (M2). This unit helps standardize the measurement and trading of these fabrics, ensuring consistency and accuracy in international trade transactions.
There are also special tariff preference programs available for products classified under the HS Code 58022000. These programs provide certain countries with preferential treatment in terms of duty rates. Some of the special tariff preference programs for terry toweling fabrics include:
These special rates and programs aim to promote trade and economic cooperation between countries, providing incentives for importing and exporting specific products.
When it comes to the importing and exporting of terry toweling and similar woven terry fabrics classified under the HS Code 58022000, various US states are involved. Some of the importing and exporting US states include Georgia. These states play a crucial role in the trade of these fabrics, contributing to the growth and development of the textile industry in the United States.
the HS Code 58022000 represents terry toweling and similar woven terry fabrics made from textile materials other than cotton. This code helps categorize and identify these products for international trade purposes. Understanding the duty rates, quantity unit, and special tariff preference programs associated with this HS Code is essential for importers, exporters, and industry professionals involved in the trade of terry toweling fabrics.