Butter is a popular dairy product consumed and produced worldwide. In order to regulate international trade and ensure fair competition, countries use a harmonized system (HS) code to classify and identify different goods. HS Code 04051005 specifically pertains to butter subject to general note 15 and falls outside of any quota restrictions.
When importing or exporting butter, it is essential to understand the associated tariff rates. The bound or most-favored-nation (MFN) duty rate for HS Code 04051005 is 12.3 cents per kilogram (KG). 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 butter imports and exports is measured in kilograms (KG). This standardized unit allows for easy comparison and calculation of trade volumes.
There are several special tariff preference programs available for butter imports under HS Code 04051005. These programs offer preferential treatment or duty-free access to specific countries. The eligible countries for these programs include:
These special rates or duty-free treatments aim to promote trade and economic development between eligible countries and the United States.
When examining the import and export data for butter under HS Code 04051005, certain patterns emerge regarding the participating US states. The following US states are actively involved in importing and exporting butter:
These states play a significant role in the butter trade, contributing to both import and export activities.
HS Code 04051005 serves as a vital reference point for the classification, regulation, and trade of butter. Understanding the associated tariff rates, special tariff preference programs, and the involvement of specific US states can help businesses and policymakers make informed decisions regarding butter imports and exports.