The HS Code 02021010 refers to bovine carcasses and halves that are frozen. This specific product is described in additional US note 3 to Chapter 2 of the Harmonized System (HS) code. Understanding the HS code is essential for international trade as it provides a standardized system for classifying goods.
When it comes to trade barriers and market access, countries often have to lower trade barriers or open up their markets for goods or services from all their trading partners. In the case of bovine carcasses and halves, the bound or Most Favored Nation (MFN) duty rate is 4.4 cents per kilogram (KG).
It is important to note that the quantity unit for this product is kilograms (KG). This unit is used to measure the weight of the bovine carcasses and halves being imported or exported.
There are several special tariff preference programs that apply to this HS code. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these programs include A+, Australia, Bahrain, Canada (under NAFTA), Chile, certain least-developed beneficiary developing countries under the Generalized System of Preferences (GSP), Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American countries (DR-CAFTA), Peru, and Singapore.
When it comes to importing this product, the District of Columbia and South Dakota are the states listed. These states are the destinations for the bovine carcasses and halves being imported.
On the other hand, when it comes to exporting this product from the United States, the states that are mentioned are Colorado, Hawaii, Iowa, Kansas, and Nebraska. These states serve as the origins for the bovine carcasses and halves being exported.
The HS Code 02021010 plays a crucial role in regulating the import and export of bovine carcasses and halves that are frozen. Understanding the HS code, the associated duty rates, and the special tariff preference programs is essential for businesses and individuals involved in international trade. By adhering to the regulations and requirements outlined by the HS code, countries can ensure fair trade practices and promote economic growth.