When it comes to international trade, it is essential to have a standardized system for classifying products. This is where the Harmonized System (HS) code plays a crucial role. The HS code 70191990 specifically refers to glass fiber slivers, a product that falls under the broader category of glass fibers.
Glass fiber slivers are thin strands of glass that are used in various industries for their exceptional strength and heat resistance. They are commonly employed in the production of composite materials, insulation materials, and reinforcement in plastics and concrete.
Now, let's dive deeper into the details of HS code 70191990:
Glass fiber slivers are classified under HS code 70191990. This code specifically refers to glass fibers that are in the form of slivers. Slivers are continuous strands of glass fibers that have been loosely assembled together, ready to be further processed in various applications.
The bound or Most Favored Nation (MFN) duty rate for glass fiber slivers is 4.2%. The MFN principle ensures that when 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 means that the duty rate remains consistent regardless of the country of origin.
The quantity unit for the import and export of glass fiber slivers is kilograms (KG). This unit provides a standardized measurement for tracking and trading this product internationally.
Several special tariff preference programs may affect the duty rate for glass fiber slivers. These programs provide certain countries or products with preferential treatment, including duty-free or reduced-duty rates. Here are some notable programs:
These programs aim to promote economic cooperation and provide certain countries with trade benefits, encouraging the growth of specific industries.
When it comes to the import and export of glass fiber slivers in the United States, it is essential to consider the specific states involved. The import and export of this product can vary from state to state based on production capabilities, demand, and trade partnerships.
As HS code 70191990 covers glass fiber slivers, importing US states may include those with industries that heavily rely on this material, such as states with significant manufacturing or construction sectors. Exporting US states, on the other hand, may include states with glass fiber production facilities or those that serve as transportation hubs for international trade.
the HS code 70191990 refers to glass fiber slivers, a versatile material used in various industries worldwide. Understanding the details of this code, including the product description, duty rates, quantity unit, and special tariff preference programs, is crucial for businesses engaged in international trade. By adhering to the HS code system, countries can ensure fair and standardized trade practices while promoting economic growth and cooperation.