Sugar cane is a widely consumed and versatile crop that is used to produce a variety of sweet products. This article delves into the details of HS Code 12129910, which refers to sugar cane, whether fresh, chilled, frozen or dried, and whether ground or not. Let's explore this fascinating product and its trade implications.
HS Code 12129910 is an internationally recognized code used to classify sugar cane for import and export purposes. It provides a standardized system to identify and categorize products, facilitating trade between countries. This particular code specifically refers to sugar cane that may be fresh, chilled, frozen, or dried, regardless of whether it is ground or not.
When it comes to international trade, countries often impose tariffs or trade barriers to protect domestic industries or regulate imports. The bound duty rate for HS Code 12129910 is $1.24 per metric ton (t). However, it is important to note that this rate may vary depending on the country and any special tariff preference programs it has in place.
Under the principle of Most Favored Nation (MFN), countries are required to lower trade barriers or open up their markets for the same goods or services from all trading partners. This ensures fair and equal treatment among nations engaging in international trade.
Several countries have implemented special tariff preference programs that affect the import and export of sugar cane under HS Code 12129910. Here are some examples:
These special tariff preference programs aim to promote trade, foster economic cooperation, and provide benefits to participating countries.
Importing and exporting sugar cane in the United States involves various states and trading partners. While the specific states involved may vary depending on the transaction, some commonly involved states include:
Importing US States: The United States imports sugar cane from various countries, including those participating in the special tariff preference programs mentioned earlier. States such as Florida, Louisiana, and Texas are major import hubs for sugar cane.
Exporting US States: The United States is also a significant exporter of sugar cane. States such as Florida, Louisiana, Texas, and Hawaii are known for their sugar cane production and export activities. These states contribute to the global trade of sugar cane under HS Code 12129910.
Overall, HS Code 12129910 plays a crucial role in the international trade of sugar cane. Its classification and the various tariff rates and special tariff preference programs associated with it shape the global market for this versatile crop. Understanding these nuances is essential for businesses, policymakers, and consumers alike.