Spices have been an integral part of human civilization for centuries. They not only enhance the flavor of our dishes but also offer numerous health benefits. In the world of international trade, spices are classified under the HS Code 09109960. Let's explore this HS code in detail and understand the various aspects associated with it.
The HS Code 09109960 refers to "Spices, nesi." This code is used to classify a range of spices that are traded globally. It encompasses various types of spices, including but not limited to pepper, cinnamon, cloves, nutmeg, ginger, and turmeric.
The bound / MFN (Most Favored Nation) duty rate for HS Code 09109960 is 1.9%. Every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate ensures a fair and equal trading environment for all countries involved.
The quantity unit for the HS Code 09109960 is kilograms (KG). This unit is used to measure the weight of the spices being imported or exported. It helps in determining the quantity and cost of the spices involved in trade transactions.
Several special tariff preference programs are available for spices classified under HS Code 09109960. These programs aim to promote trade and provide certain benefits to the countries involved. The following countries enjoy special tariff rates for importing spices:
These countries enjoy special rates or duty-free treatment under various preferential trade agreements such as the Generalized System of Preferences (GSP), NAFTA, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA).
When it comes to importing and exporting spices classified under HS Code 09109960, several US states are actively involved. The major importing states include California, New York, Texas, Florida, and Illinois. These states have a high demand for spices due to their diverse culinary cultures and large population.
On the other hand, the major exporting states of spices are California, New York, Texas, Florida, and Washington. These states have a significant presence in the spice industry and produce a substantial quantity of spices for domestic consumption and international trade.
HS Code 09109960 plays a crucial role in the international trade of spices. It helps in the classification, regulation, and smooth flow of spices across borders. With the bound / MFN duty rate, special tariff preference programs, and involvement of various US states, the spice trade continues to thrive and connect cultures around the world.