When it comes to international trade, the Harmonized System (HS) plays a crucial role in classifying products. HS Code 99129561 specifically refers to MA Other Peaches/Nectarines in subheading 2008.70.20 with a weight less than 13.75 kilograms per unit. Let's take a closer look at this HS code and explore some relevant information.
The HS code serves as a common language for international trade. It helps customs authorities and traders worldwide to identify and classify products consistently. In this case, HS Code 99129561 specifically refers to peaches and nectarines falling under subheading 2008.70.20.
Bound / MFN duty rate is an important aspect to consider when importing or exporting goods. The term "MFN" stands for Most Favored Nation. 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. This principle ensures fair and non-discriminatory treatment for all countries involved in international trade.
While the quantity unit for this particular HS code is not available (NA), it doesn't diminish the significance of this product category. Peaches and nectarines are popular fruits enjoyed by people around the world. They are known for their juicy texture, vibrant colors, and delicious flavor.
In terms of special tariff preference programs, there is a 17% duty rate for MA Other Peaches/Nectarines under HS Code 99129561. This rate applies specifically to Morocco (MA) under the Morocco Special Rate. Such programs aim to encourage trade between countries by offering preferential treatment in the form of reduced or exempted duties.
When it comes to importing and exporting, it's essential to consider the specific regulations and requirements of individual countries. Some countries may have restrictions or additional documentation needed for the import or export of peaches and nectarines. Importing US states and exporting US states may also have their own specific regulations and processes.
HS Code 99129561 focuses on MA Other Peaches/Nectarines in subheading 2008.70.20 with a weight less than 13.75 kilograms per unit. Understanding HS codes and their associated details is crucial for smooth international trade. Whether you're a trader, importer, or exporter, being familiar with the HS code system can help you navigate the complexities of global commerce more efficiently.