Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 13021200: Saps and Extracts of Licorice

When it comes to international trade, having a standardized system for identifying and categorizing products is crucial. This is where the Harmonized System (HS) code comes into play. Each product is assigned a unique HS code, which is used by customs authorities worldwide to classify goods and facilitate trade. In this article, we will delve into the HS code 13021200, which represents saps and extracts of licorice.

Licorice, scientifically known as Glycyrrhiza glabra, is a perennial herbaceous plant native to the Mediterranean region and parts of Asia. It has been used for centuries for its medicinal properties and as a flavoring agent in food and beverages. The saps and extracts derived from licorice are highly valued for their various applications in industries such as pharmaceuticals, cosmetics, and confectionery.

Now, let's take a closer look at the details associated with HS code 13021200:

• Product description: Saps and extracts of licorice
• Bound / MFN duty rate: 3.8% - This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment.
• Quantity unit: Kilograms (KG) - The quantity unit for measuring the saps and extracts of licorice is kilograms.
• Special tariff preference programs: HS code 13021200 is eligible for free trade under various special tariff preference programs. These programs offer preferential treatment, including duty-free access, to certain countries or regions. The countries and regions that enjoy special tariff rates for this HS code are:

• Free: Generalized System of Preferences (GSP) - This program provides duty-free treatment for eligible products from developing countries.
• Australia Special Rate
• Bahrain Special Rate
• NAFTA for Canada - Under the North American Free Trade Agreement (NAFTA), Canadian imports of saps and extracts of licorice from the United States receive duty-free treatment.
• Chile Special Rate
• Caribbean Basin Initiative (CBI)
• Israel Special Rate - Israeli imports of this product from the United States enjoy duty-free treatment.
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Morocco Special Rate
• NAFTA for Mexico - Mexican imports of saps and extracts of licorice from the United States receive duty-free treatment under NAFTA.
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate

Now, let's explore the importing and exporting states within the United States for HS code 13021200:

• Importing US states: Oregon, Utah, Washington - These states are actively involved in importing saps and extracts of licorice.
• Exporting US states: Oregon, Utah, Washington - These states are major exporters of saps and extracts of licorice to other countries.

Having a clear understanding of the HS code and its associated details is essential for importers, exporters, customs authorities, and other stakeholders involved in international trade. It ensures smooth and efficient trade operations while promoting transparency and uniformity in the global marketplace.

HS code 13021200 represents saps and extracts of licorice. This article has provided an extensive overview of the HS code, its product description, duty rates, special tariff preference programs, and the importing and exporting US states. Understanding the intricacies of the HS code system is vital for navigating the complexities of international trade.