HS Code 35040010: Protein Isolates
Protein isolates are a type of food product that falls under HS Code 35040010. This code is used to classify and identify specific goods for international trade purposes. In this article, we will explore protein isolates in detail and discuss their import and export data, as well as relevant tariff preference programs.
Protein isolates are highly refined forms of protein that have been processed to remove most of the non-protein components, such as fats and carbohydrates. They are usually derived from plant or animal sources and are commonly used in food manufacturing, sports nutrition, and dietary supplements.
The HS Code 35040010 specifically applies to protein isolates, and it is essential for importers and exporters to be familiar with this code to ensure accurate classification and proper documentation. By using the correct HS code, countries can maintain consistency in trade regulations and facilitate smooth international transactions.
The bound or most-favored-nation (MFN) duty rate for protein isolates under HS Code 35040010 is 5%. This means that whenever 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. The 5% duty rate is applicable to protein isolates, regardless of the country of origin.
The quantity unit for protein isolates under HS Code 35040010 is kilograms (KG). This unit of measurement is used to determine the weight of protein isolates being imported or exported.
In terms of tariff preference programs, protein isolates under HS Code 35040010 are eligible for various special rates and exemptions. Some of the countries that offer free trade or preferential treatment for protein isolates include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others. These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.
When it comes to the importing of protein isolates into the United States, the data shows that the state of Iowa is the primary destination. This suggests that Iowa has a significant demand for protein isolates and is likely home to food manufacturers or companies involved in the sports nutrition industry. The repeated mention of Iowa in the import data indicates a consistent and substantial demand for protein isolates in the state.
On the other hand, the exporting of protein isolates from the United States is primarily done by the states of Idaho and Oklahoma. These states likely have the necessary infrastructure and resources for protein isolate production and export. The mention of Idaho and Oklahoma in the export data suggests that these states are major players in the protein isolate market and have established trade relationships with other countries.
HS Code 35040010 classifies protein isolates and is crucial for accurate classification and documentation in international trade. Protein isolates are highly refined forms of protein used in various industries, including food manufacturing and sports nutrition. The 5% MFN duty rate applies to protein isolates, and various special tariff preference programs offer free or reduced import duties for these products. The import data indicates that Iowa is a significant destination for protein isolates in the United States, while the export data highlights the involvement of Idaho and Oklahoma in the global protein isolate market. By understanding and utilizing the HS Code 35040010, importers and exporters can navigate international trade regulations more effectively and facilitate the smooth flow of goods across borders.
More on HS code 35040010
