When it comes to international trade, it is important to have a clear understanding of the Harmonized System (HS) codes. These codes are used globally to classify and identify traded products. In this article, we will delve into the details of HS Code 02090000, which refers to pig fat and poultry fat. This code covers various forms of fat, including fresh, chilled, frozen, salted, in brine, dried, or smoked.
The product description for HS Code 02090000 specifies that it includes pig fat and poultry fat that is free of lean meat. Additionally, the fat should not be rendered or otherwise extracted. The code encompasses different states of the fat, such as fresh, chilled, frozen, salted, in brine, dried, or smoked. This comprehensive description ensures that all forms of pig fat and poultry fat are covered under this HS code.
The bound / MFN duty rate for HS Code 02090000 is 3.2%. The MFN (Most Favored Nation) principle ensures that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate indicates the percentage of the product's value that needs to be paid as customs duty when importing or exporting pig fat and poultry fat under this HS code.
The quantity unit for HS Code 02090000 is kilograms (KG). This unit of measurement helps in accurately determining the weight of the pig fat and poultry fat being imported or exported. It ensures standardization and uniformity in trading the product across different countries.
HS Code 02090000 is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates. Some of the programs applicable to this HS code include:
These special tariff preference programs aim to facilitate trade and promote economic cooperation between countries. Importers and exporters dealing with HS Code 02090000 can take advantage of these programs to reduce their duty liabilities.
While HS Code 02090000 covers pig fat and poultry fat traded globally, it is also important to understand the specific importing and exporting states within the United States. Based on the available data, the importing US state for this HS code is South Dakota. On the other hand, the exporting US states include Iowa, Kansas, Missouri, Nebraska, North Carolina, Oklahoma, and South Dakota.
It is worth noting that the list of importing and exporting US states provided is not exhaustive. There may be other states involved in the trade of pig fat and poultry fat under HS Code 02090000.
HS Code 02090000 encompasses pig fat and poultry fat in various forms, including fresh, chilled, frozen, salted, in brine, dried, or smoked. It is important for traders and importers/exporters to be aware of the specific HS code and its details when dealing with these products. Understanding the bound / MFN duty rate, quantity unit, and special tariff preference programs can help businesses navigate international trade more effectively. Additionally, knowing the importing and exporting US states provides valuable information for domestic trade within the United States.