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The HS Code 03019200: Live Eels
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The HS Code 03019200 refers to the classification code for live eels in international trade. This code is used to standardize the identification of goods when they are imported or exported across different countries. In this article, we will explore the details of this HS code and provide information on the product description, quantity unit, bound/MFN duty rate, and special tariff preference programs associated with it.
**Product Description: Live Eels**
The HS code 03019200 specifically categorizes live eels. Live eels are aquatic animals that belong to the order of Anguilliformes. They are elongated fish with snake-like bodies and are commonly found in freshwater and marine environments. Eels are highly valued in various cuisines around the world and are sought after for their unique flavor and texture.
**Bound / MFN Duty Rate**
The bound/MFN (Most Favored Nation) duty rate for live eels under the HS code 03019200 is free. This means that there are no import duties or taxes levied on this product when it is traded between countries. The concept of MFN treatment 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 promotes fair and equal trade practices among nations.
**Quantity Unit: Kilograms (KG)**
The quantity unit for live eels under the HS code 03019200 is kilograms (KG). This unit of measurement is used to determine the weight of the eels being imported or exported. It ensures a standardized method of quantifying the quantity of the product, allowing for accurate trade transactions and regulatory compliance.
**Special Tariff Preference Programs**
Several special tariff preference programs offer duty-free treatment for live eels under the HS code 03019200. These programs provide certain countries with preferential trade benefits, allowing them to import or export the product at reduced or zero tariff rates. The countries eligible for these special rates include:
- Australia (Australia Special Rate)
- Bahrain (Bahrain Special Rate)
- Canada (NAFTA for Canada - duty-free treatment)
- Chile (Chile Special Rate)
- Caribbean Basin Initiative (CBI)
- Israel (Israel Special Rate - duty-free treatment)
- Andean Trade Preference Act (ATPA)
- Jordan (Jordan Special Rate)
- Morocco (Morocco Special Rate)
- Mexico (NAFTA for Mexico)
- Oman (Oman Special Rate)
- Dominican Republic-Central American (DR-CAFTA) Special Rate
- Peru (Peru Special Rate)
- Singapore (Singapore Special Rate)
These special tariff preference programs aim to promote economic cooperation and development between countries by facilitating trade and reducing barriers to entry. They encourage mutual benefits and strengthen trade relationships among participating nations.
**Importing US States and Exporting US States**
While not explicitly mentioned in the provided data, it is worth noting that certain US states may have a higher demand for live eels and serve as major importers. Conversely, certain US states may be significant exporters of live eels. However, without specific information, it is difficult to pinpoint the exact importing and exporting states for this particular HS code.
the HS code 03019200 identifies live eels in international trade. It highlights the product description, quantity unit, bound/MFN duty rate, and special tariff preference programs associated with this code. Understanding the HS code system and its related information is crucial for importers, exporters, and regulatory authorities to ensure smooth and compliant international trade transactions.
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