When it comes to international trade, every product is assigned a unique code known as the Harmonized System (HS) code. HS Code 10064000 represents broken rice. Broken rice refers to rice grains that have been cracked or broken during the milling process, resulting in shorter and smaller fragments compared to whole grains.
The HS code is essential for categorizing and tracking goods during import and export transactions. It allows customs authorities, trade organizations, and statisticians to identify and monitor the movement of specific products across borders. In the case of broken rice, HS Code 10064000 helps ensure accurate documentation and efficient trade processes.
One important aspect to consider in international trade is the bound or most-favored-nation (MFN) duty rate. The bound duty rate for HS Code 10064000 is set at 0.44 cents/kg. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate reduction to all its trading partners for the import of broken rice.
The quantity unit for measuring broken rice imports and exports is kilograms (KG). This standardized unit allows for consistent measurement and comparison of trade volumes globally.
There are also special tariff preference programs applicable to HS Code 10064000. These programs provide preferential treatment to certain countries or regions, often in the form of reduced or duty-free tariffs. The following tariff preference programs apply to broken rice imports:
These special tariff preference programs aim to promote economic development, encourage trade, and strengthen relationships between countries and regions. Businesses importing broken rice can take advantage of these programs to reduce their import costs and enhance competitiveness in the market.
When it comes to broken rice trade involving the United States, the following states are major importers and exporters:
Arkansas, located in the southern region of the United States, plays a significant role in broken rice trade. The state's favorable climate and agricultural infrastructure make it an ideal location for rice cultivation and processing. As a result, Arkansas has become a major hub for broken rice production and export.
HS Code 10064000 represents broken rice in international trade. Understanding the HS code, product description, duty rates, quantity units, and special tariff preference programs associated with broken rice is crucial for businesses and policymakers involved in the global rice market. By leveraging these insights, importers and exporters can navigate trade regulations more efficiently and maximize the benefits of international trade.