Live whales, dolphins, and porpoises, along with manatees and dugongs, fall under the HS code 01061200. These magnificent mammals belong to the orders Cetacea and Sirenia, respectively. In this article, we will explore the details of this HS code and its implications in international trade.
When it comes to international trade, countries often impose trade barriers or restrictions to protect their domestic industries. However, under the principles of Most Favored Nation (MFN) status, every time 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. This means that the bound or MFN duty rate for HS code 01061200 is free, allowing for smooth trade of live whales, dolphins, porpoises, manatees, and dugongs.
The quantity unit for this HS code is measured in numbers (NO). It is essential to have a standard unit of measurement to facilitate accurate trade records and ensure proper documentation.
Moreover, there are special tariff preference programs in place for certain countries that offer additional benefits for importing live whales, dolphins, porpoises, manatees, and dugongs under HS code 01061200. These programs include:
These special rates or duty-free treatments aim to promote trade and economic cooperation between the countries involved, allowing for easier access to live whales, dolphins, porpoises, manatees, and dugongs for various purposes such as research, conservation, and educational programs.
Importing and exporting live whales, dolphins, porpoises, manatees, and dugongs under HS code 01061200 can occur between different states within the United States. The importing US states and exporting US states may vary depending on the specific requirements and purposes of the trade.
HS code 01061200 encompasses live whales, dolphins, porpoises, manatees, and dugongs, which are fascinating marine mammals. With the MFN duty rate set at free, trade barriers are eliminated, promoting international trade in these remarkable creatures. Moreover, special tariff preference programs further facilitate trade, offering additional benefits and duty-free treatment to eligible countries. This encourages cooperation and conservation efforts worldwide, ensuring the well-being and protection of these magnificent creatures.