Carrots are a popular and versatile vegetable that is enjoyed around the world. They are not only delicious but also packed with essential nutrients, making them a healthy addition to any diet. In this article, we will explore the HS Code 07061020, which specifically refers to fresh or chilled carrots that are not reduced in size and are 10 cm or over in length.
The HS Code is an internationally recognized system for classifying traded products. It helps facilitate global trade by providing a standardized code for each product, allowing countries to easily identify and track imports and exports. HS Code 07061020 is specifically used for carrots that meet the specified criteria.
Carrots classified under HS Code 07061020 are typically sold in kilograms (KG). This unit of measurement is widely used in international trade and allows for easy comparison and calculation of quantities. When importing or exporting carrots, it is important to keep track of the quantity in kilograms to ensure accurate trade transactions.
One important aspect to consider when trading carrots under HS Code 07061020 is the applicable duty rate. The bound or most-favored-nation (MFN) duty rate for this HS Code is 0.7 cents/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 duty rate ensures fair and equal treatment for all countries involved in trade.
Additionally, there are special tariff preference programs that may apply to imports of carrots under HS Code 07061020. These programs provide certain countries with preferential treatment, including duty-free access to the market. Some of the special tariff preference programs applicable to carrots include:
It is important to note that the special tariff preference programs may have specific eligibility criteria and requirements. For example, some programs may only apply to imports from least-developed beneficiary developing countries, while others may have specific regional or bilateral agreements in place.
In terms of import and export destinations within the United States, HS Code 07061020 for carrots has been observed to have a significant volume of imports into the state of Arizona. This suggests that Arizona is a key market for fresh or chilled carrots meeting the specified criteria. Further research and analysis may reveal additional exporting states.
HS Code 07061020 refers to fresh or chilled carrots that are not reduced in size and are 10 cm or over in length. This HS Code is used to classify and track imports and exports of carrots worldwide. It is important for traders to be aware of the duty rate, quantity unit, and any special tariff preference programs that may apply when trading carrots under this HS Code. Additionally, understanding the market demand and destination states within the United States can provide valuable insights for importers and exporters.