Green tea has gained popularity worldwide for its numerous health benefits and unique taste. Among the many varieties available, one specific HS code stands out - HS Code 09021090. This code represents green tea that comes in packages weighing not more than 3 kg and is not flavored. Let's explore more about this product and its global trade implications.
When it comes to international trade, every country follows a harmonized system of classification known as the Harmonized Commodity Description and Coding System (HS). This system assigns a unique HS code to each product, enabling efficient identification and categorization. HS Code 09021090 specifically represents green tea in packages not exceeding 3 kg and without any added flavors.
Green tea has been consumed for centuries, primarily in Asian countries like China and Japan. However, its popularity has spread worldwide due to its numerous health benefits. It is rich in antioxidants, which help in fighting inflammation and boosting overall well-being. Green tea is also known for its potential to aid in weight loss, improve brain function, and reduce the risk of chronic diseases.
When it comes to international trade, the HS code plays a crucial role in determining the tariff rates and trade policies associated with a particular product. In the case of HS Code 09021090, the bound or most-favored-nation (MFN) duty rate is free. This means that countries cannot impose any tariffs or trade barriers on imports of green tea falling under this HS code. It promotes fair and equal treatment for all trading partners.
The quantity unit for green tea falling under HS Code 09021090 is kilograms (KG). This standardized unit makes it easier for importers and exporters to determine the volume of goods being traded and calculate shipping costs accurately.
Furthermore, there are special tariff preference programs available for green tea falling under HS Code 09021090. These programs provide additional benefits and exemptions for certain countries. For instance, countries like Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and others enjoy duty-free treatment for imports of green tea under this HS code. These special rates are part of programs like the Generalized System of Preferences (GSP), NAFTA, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and more.
In the United States, specific states are involved in importing and exporting green tea falling under HS Code 09021090. Connecticut, Louisiana, Maryland, South Carolina, Virginia, and Washington are among the states importing this product. On the other hand, Hawaii and Nevada are the states involved in exporting green tea under this HS code.
HS Code 09021090 represents green tea in packages not exceeding 3 kg and without any added flavors. This HS code plays a vital role in international trade by determining tariff rates, trade policies, and special preference programs. Green tea has gained global popularity due to its health benefits, and with the availability of duty-free treatment under various special tariff preference programs, its trade is further encouraged. As more people recognize the value of green tea, its demand is expected to increase, making HS Code 09021090 even more relevant in the world of international trade.