Peas are a popular vegetable enjoyed by people all over the world. They are not only delicious but also packed with essential nutrients that contribute to a healthy diet. In this article, we will explore HS Code 07081040, which pertains to fresh or chilled peas, whether shelled or unshelled, when entered into the market between November 1 and the following June 30.
HS Code 07081040 is an international system used to classify traded goods. It provides a standardized method of identifying and categorizing products for customs and trade purposes. This code specifically refers to peas that are fresh or chilled, whether they are shelled or unshelled. It is important to note that this code is applicable when importing or exporting peas within the specified timeframe.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 07081040 is 2.8 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 duty rate reflects the tax or tariff imposed on the imported or exported peas.
The quantity unit for HS Code 07081040 is kilograms (KG). This unit of measurement is used to determine the weight of the peas being imported or exported. It helps in calculating the duty rate and ensuring accurate documentation and pricing.
There are several special tariff preference programs applicable to HS Code 07081040. These programs offer preferential treatment or exemptions from duty rates, promoting trade and economic cooperation between countries. The following countries have special tariff preferences for fresh or chilled peas:
These special tariff preference programs aim to facilitate trade between countries, reduce trade barriers, and promote economic growth. Importers and exporters of fresh or chilled peas can take advantage of these programs to benefit from duty-free treatment or reduced duty rates, depending on the specific program and country involved.
When it comes to the United States, certain states have been identified as major importers of fresh or chilled peas under HS Code 07081040. One such state is Arizona. The state of Arizona has shown significant demand for peas, making it an important market for both domestic and international suppliers. The importation of fresh or chilled peas contributes to the availability of this nutritious vegetable in the state, meeting the demands of consumers and supporting the local economy.
On the exporting side, the specific states within the United States that export fresh or chilled peas under HS Code 07081040 are not specified in the provided data. However, it is worth noting that the United States is a major producer and exporter of peas globally. With favorable climate conditions and advanced agricultural practices, various states across the country contribute to the export of fresh or chilled peas to meet the demands of international markets.
HS Code 07081040 is a significant classification for fresh or chilled peas in international trade. It helps in identifying, categorizing, and regulating the import and export of these peas. The code encompasses various aspects, including the duty rate, quantity unit, and special tariff preference programs. Understanding and adhering to this code is essential for importers, exporters, and traders involved in the global pea market.