Apricot jam is a delicious and popular fruit spread enjoyed by people all over the world. It is made from the flesh and juice of apricots, along with sugar and sometimes pectin to help it set. This delectable jam is commonly used as a topping for toast, pastries, and desserts, and it can also be used as an ingredient in various recipes.
HS Code 20079920 specifically refers to apricot jam in the international trade classification system. This code helps to standardize and classify products for customs and statistical purposes. It is used by governments, businesses, and international organizations to track and regulate the import and export of goods.
When importing or exporting apricot jam, it is important to understand the duty rates associated with HS Code 20079920. The bound / MFN (Most Favored Nation) duty rate for apricot jam is 3.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for apricot jam is kilograms (KG). This unit of measurement is commonly used in the international trade of food products to determine the weight or quantity of goods being imported or exported.
There are also special tariff preference programs available for apricot jam under HS Code 20079920. These programs provide certain countries with preferential treatment, such as duty-free access to the market. The countries eligible for these special tariff preferences for apricot jam include:
These special tariff preference programs aim to promote economic cooperation and development between countries by reducing trade barriers and facilitating the flow of goods. They provide opportunities for apricot jam producers to access new markets and increase their exports.
Importing and exporting apricot jam under HS Code 20079920 can benefit both the importing and exporting US states. The importing states gain access to a delicious and high-quality product, while the exporting states can boost their economy by selling their apricot jam to international markets.
HS Code 20079920 refers to apricot jam in the international trade classification system. This code helps to standardize and classify products for customs and statistical purposes. Apricot jam is a popular fruit spread enjoyed worldwide, and understanding the duty rates and special tariff preference programs associated with its import and export can facilitate international trade and economic cooperation.