HS Code 20060030: Ginger Root, Preserved by Sugar
- Product description: Ginger root preserved by sugar, in drained, glace, or crystallized form.
- Bound / MFN duty rate: 2.4%
- Quantity unit: Kilograms (KG)
- Special tariff preference programs:
When it comes to international trade, it is essential to have a standardized system that identifies and classifies products. The Harmonized System (HS) code is an internationally recognized code used to classify traded goods. In this article, we will delve into HS Code 20060030, which represents ginger root preserved by sugar.
Ginger root, a popular spice known for its unique flavor and numerous health benefits, can be preserved in various ways. One of these preservation methods involves using sugar. Ginger root preserved by sugar refers to ginger that has been soaked or coated in sugar syrup, resulting in a sweet and tangy taste.
Now, let's take a closer look at the details related to HS Code 20060030:
- Bound / MFN duty rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 20060030 is 2.4%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate of 2.4% to ginger root preserved by sugar from all its trading partners.
- Quantity unit: The quantity unit for HS Code 20060030 is kilograms (KG). This measurement is used to determine the weight of the ginger root preserved by sugar being traded.
- Special tariff preference programs: Ginger root preserved by sugar under HS Code 20060030 may be eligible for special tariff preference programs. Some of these programs include:
- Generalized System of Preferences (GSP): Under the GSP, ginger root preserved by sugar may enjoy duty-free treatment when imported from certain countries.
- Australia Special Rate: Ginger root preserved by sugar imported from Australia may be subject to a special rate.
- Bahrain Special Rate: Ginger root preserved by sugar imported from Bahrain may be subject to a special rate.
- NAFTA for Canada: Ginger root preserved by sugar imported from Canada may enjoy duty-free treatment under the North American Free Trade Agreement (NAFTA).
- Chile Special Rate: Ginger root preserved by sugar imported from Chile may be subject to a special rate.
- Caribbean Basin Initiative (CBI): Ginger root preserved by sugar may enjoy duty-free treatment when imported from countries participating in the Caribbean Basin Initiative.
- Israel Special Rate: Ginger root preserved by sugar imported from Israel may enjoy duty-free treatment.
- Andean Trade Preference Act (ATPA): Ginger root preserved by sugar may enjoy duty-free treatment when imported from countries participating in the Andean Trade Preference Act.
- Jordan Special Rate: Ginger root preserved by sugar imported from Jordan may be subject to a special rate.
- Morocco Special Rate: Ginger root preserved by sugar imported from Morocco may be subject to a special rate.
- NAFTA for Mexico: Ginger root preserved by sugar imported from Mexico may enjoy duty-free treatment under NAFTA.
- Oman Special Rate: Ginger root preserved by sugar imported from Oman may be subject to a special rate.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Ginger root preserved by sugar imported from countries participating in the DR-CAFTA may enjoy duty-free treatment.
- Peru Special Rate: Ginger root preserved by sugar imported from Peru may be subject to a special rate.
- Singapore Special Rate: Ginger root preserved by sugar imported from Singapore may be subject to a special rate.
It is important for importers and exporters of ginger root preserved by sugar to be aware of these special tariff preference programs. By utilizing these programs, businesses can potentially reduce their costs and enhance their competitiveness in the international market.
HS Code 20060030 represents ginger root preserved by sugar. This code is used to classify the product for international trade purposes. Importers and exporters need to be aware of the duty rates, quantity units, and special tariff preference programs associated with this HS code to facilitate their trade operations effectively.
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