The HS Code 16029090 pertains to the import and export of prepared or preserved meat, meat offal, or blood. This code is used to classify and identify this specific type of product for trade purposes.
When importing this product, the quantity unit is measured in kilograms (KG). It is important to note that there may be certain special tariff preference programs in place for this HS code, which can affect the duty rate applied.
The bound / MFN duty rate for the HS Code 16029090 is 6.4%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate is applied consistently, ensuring fair trade practices.
However, there are special tariff preference programs that offer different duty rates for this HS code. For example, countries such as Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and others provide duty-free treatment for this product. This means that the importers from these countries can enjoy duty-free access to the market.
Additionally, Australia offers a special rate of 2.5% for the import of products under this HS code. This lower duty rate provides a certain level of tariff preference for Australian exporters.
When it comes to the United States, the importing state for this product is South Dakota. This information is crucial for businesses and traders who wish to import or export under this HS code. It helps them understand the specific regulations and requirements associated with their location.
On the other hand, the exporting state from the United States for this product is Maine. This means that businesses based in Maine have the potential to export prepared or preserved meat, meat offal, or blood under the HS Code 16029090 to other countries.
the HS Code 16029090 is used to classify and identify prepared or preserved meat, meat offal, or blood for import and export purposes. It is important to be aware of the duty rates, special tariff preference programs, and specific importing and exporting states associated with this HS code to ensure smooth and compliant international trade.