The oil painting canvas industry has gained increasing prominence in the global art market, with HS Code 5901901000 representing textile-based canvases that contain ≥50% fabric weight. This distinctive characteristic sets these materials apart from lighter alternatives, contributing to their higher market value and growing demand.
Current Trade Status and Taxation
Classified under normal market status, this product category benefits from favorable export conditions. Exporters enjoy a 0% tariff rate combined with a 13% export tax rebate, while maintaining a 13% value-added tax. The Most Favored Nation (MFN) tariff rate stands at 8%.
Importers face significantly different conditions, with the standard import tariff reaching 50% for this product category. This substantial disparity creates important considerations for businesses engaged in international trade of art materials.
Free Trade Agreement Advantages
Several free trade agreements have created opportunities for market expansion:
- ASEAN member states
- Chile
- New Zealand
- Costa Rica
These agreements establish 0% tariff rates for oil painting canvases under this classification, facilitating increased trade flows.
The Regional Comprehensive Economic Partnership (RCEP) extends similar benefits to Australia, Brunei, and Singapore, while maintaining a 6.4% differential with Japan—a notable consideration for future trade negotiations.
Regulatory Environment
The administrative and inspection processes for HS Code 5901901000 remain relatively straightforward, with clear regulatory requirements and no quarantine restrictions. This streamlined approach supports business cooperation and market development while attracting international buyers.
As global market dynamics continue to evolve, comprehensive understanding of this product classification enables businesses to identify opportunities and develop effective market strategies. Professionals in this sector must maintain current knowledge of relevant regulations and taxation policies to navigate the international trade landscape successfully.