When it comes to international trade, the Harmonized System (HS) plays a crucial role in classifying products and determining their import and export duties. In this article, we will delve into the HS Code 20019060, which covers fruits, nuts, and other edible parts of plants prepared or preserved by vinegar or acetic acid.
The HS Code 20019060 is a specific code assigned to products falling under the category of fruits, nuts, and other edible parts of plants that have been prepared or preserved using vinegar or acetic acid. This code helps customs authorities worldwide identify and categorize these goods for import and export purposes.
The bound / MFN duty rate for products classified under HS Code 20019060 is 14%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate of 14% to these goods from all its trading partners.
When it comes to measuring the quantity of goods under HS Code 20019060, the standard unit is kilograms (KG). This unit of measurement allows for accurate and consistent trade calculations and transactions.
Several special tariff preference programs exist for products falling under HS Code 20019060, offering various benefits and duty rates depending on the importing country. Here are some of the key programs and their respective rates:
These special tariff preference programs aim to promote trade and economic development, providing incentives for countries to engage in mutually beneficial commerce.
While products classified under HS Code 20019060 are imported to various states in the United States, New Jersey and Hawaii are notable examples. These states have shown significant demand for fruits, nuts, and other edible parts of plants prepared or preserved by vinegar or acetic acid.
When it comes to exporting goods falling under HS Code 20019060, data regarding specific US states is not available. However, it is important to note that the United States is a major exporter of agricultural products, including fruits and nuts. Therefore, it is likely that various states contribute to the export of these goods to international markets.
The HS Code 20019060 plays a crucial role in classifying and regulating the trade of fruits, nuts, and other edible parts of plants prepared or preserved by vinegar or acetic acid. Understanding this code and the associated duty rates and tariff preference programs is essential for businesses and individuals involved in international trade. By leveraging the benefits offered by these programs, exporters and importers can enhance their competitiveness and foster global economic growth.