The HS Code 95079070: Artificial Baits and Flies
Artificial baits and flies fall under the HS code 95079070. This code is used to classify and identify these specific products for import and export purposes. In this article, we will explore the details of this HS code, including its description, duty rates, quantity unit, and special tariff preference programs.
Product Description: Artificial baits and flies are items typically used in fishing to attract fish. These products are designed to mimic the appearance and movement of natural bait, such as insects or small fish. They are commonly made from materials like feathers, fur, or synthetic fibers, and are often attached to fishing hooks.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS code 95079070 is 9%. The MFN duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services from all trading partners receive equal treatment in terms of customs duties.
Quantity Unit: The quantity unit for artificial baits and flies is dozens (DOZ). This means that these products are typically measured and traded in sets of twelve.
Special Tariff Preference Programs: There are several special tariff preference programs applicable to imports of artificial baits and flies under HS code 95079070. These programs offer reduced or duty-free treatment based on specific eligibility criteria. Here are some examples:
1. Free Trade Agreements (A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE, SG): Imports from countries that have free trade agreements with the United States are eligible for duty-free treatment. Some of the countries included in these agreements are Australia, Bahrain, Canada, Chile, Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, and Singapore.
2. Africa Growth and Opportunity Act (AGOA): Under this program, eligible countries in sub-Saharan Africa can export artificial baits and flies to the United States duty-free.
3. Caribbean Basin Initiative (CBI): Artificial baits and flies imported from eligible Caribbean countries are eligible for duty-free treatment under this program.
4. Andean Trade Preference Act (ATPA): This program allows duty-free treatment for artificial baits and flies imported from certain Andean countries, including Colombia, Ecuador, and Peru.
5. Dominican Republic-Central American Special Rate (DR-CAFTA): Artificial baits and flies imported from the Dominican Republic and Central American countries that are part of the DR-CAFTA agreement can receive special rates.
These special tariff preference programs aim to promote trade and economic cooperation between the United States and specific countries or regions. By providing reduced or duty-free treatment, they incentivize imports and exports of artificial baits and flies, benefiting both traders and consumers.
the HS code 95079070 represents artificial baits and flies used in fishing. Understanding this code and its associated details, such as the duty rates, quantity unit, and special tariff preference programs, is essential for importers, exporters, and anyone involved in the international trade of these products.
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