Textile wall coverings are a popular choice for adding style and elegance to any interior space. They provide a versatile and cost-effective solution for enhancing the aesthetics of walls while also offering functional benefits such as sound insulation and durability. HS Code 59050090 specifically refers to textile wall coverings that are not otherwise specified.
When importing or exporting textile wall coverings, it is important to understand the tariff rates and special preference programs associated with the HS code. The bound or most-favored-nation (MFN) duty rate for HS Code 59050090 is free. 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 quantity unit for textile wall coverings is measured in square meters (M2). This measurement allows for accurate and standardized calculations when determining the quantity of textile wall coverings being imported or exported.
There are several special tariff preference programs applicable to HS Code 59050090. These programs offer reduced or zero duty rates for certain countries. For example, textile wall coverings imported from Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and certain products from Morocco, are eligible for duty-free treatment. However, textile wall coverings imported from Morocco may be subject to a duty rate of 0.3%.
It is interesting to note that the importing US state for HS Code 59050090 is New Mexico. This suggests that there may be a significant demand for textile wall coverings in this particular state. The reasons for this could be attributed to factors such as the local interior design preferences, the presence of commercial or residential projects requiring wall coverings, or even the availability of textile wall covering manufacturers or distributors in the region.
HS Code 59050090 encompasses textile wall coverings that are not otherwise specified. Understanding the tariff rates, quantity unit, and special preference programs associated with this HS code is crucial for importers and exporters of textile wall coverings. The availability of duty-free treatment and reduced duty rates for certain countries under specific programs can significantly impact the cost of importing or exporting textile wall coverings. Furthermore, the identification of New Mexico as the importing US state for HS Code 59050090 suggests a potential market for textile wall coverings in this region.