When it comes to international trade, it is essential to have a clear understanding of the Harmonized System (HS) codes that classify products. HS Code 04069072 refers to cheeses and substitutes for cheese, including mixtures, not elsewhere specified, with or from blue-veined cheese, subject to additional US note 17 to Chapter 4, not GN15.
This HS code is used to categorize a specific type of cheese and its substitutes in international trade. The detailed product description provides information about the specific characteristics and composition of the goods, allowing importers and exporters to identify and classify them correctly.
Under the HS code 04069072, the quantity unit used for measurement is kilograms (KG). This unit helps in determining the weight of the product being imported or exported, ensuring accurate calculations and documentation.
One crucial aspect of international trade is understanding the duty rates associated with a particular HS code. For HS Code 04069072, the bound and most-favored-nation (MFN) duty rate is 10%. The MFN duty rate implies that whenever 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 ensures fair and equal treatment for all trading partners.
In addition to the duty rates, special tariff preference programs are available for imports classified under HS Code 04069072. These programs offer preferential treatment, such as duty-free access, to specific countries or regions. The following are the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to promote trade and economic development between the United States and the participating countries or regions. Importers from eligible countries can benefit from reduced or eliminated duties, stimulating trade and fostering stronger economic ties.
Looking at the import and export data for HS Code 04069072, it is observed that the importing US state is primarily New Jersey. New Jersey has been consistently importing this product, indicating a demand for cheeses and substitutes with blue-veined cheese in this region.
On the other hand, the exporting US states for this HS code are Idaho and New Mexico. These states have been actively involved in the export of cheeses and their substitutes, contributing to the international trade of this specific product.
Understanding the HS code 04069072 and its associated information is crucial for importers, exporters, and trade officials. It facilitates proper classification, determination of duty rates, and utilization of special tariff preference programs. By adhering to these regulations and taking advantage of preferential treatment, businesses can optimize their international trade activities and enhance economic growth.