Lamb meat is a popular choice for many meat lovers around the world. It is known for its tenderness and unique flavor, making it a versatile ingredient in various cuisines. The HS code 02042220 refers specifically to cuts of lamb meat with bone in, which are either fresh or chilled. In this article, we will explore this HS code in detail, including its description, quantity unit, and special tariff preference programs.
The HS code 02042220 represents cuts of lamb meat with bone in, which can include different parts of the lamb such as chops, shanks, and ribs. These cuts are either fresh or chilled, ensuring that they are of high quality and ready to be prepared and consumed. The bone-in characteristic adds flavor and juiciness to the meat, making it a popular choice for many dishes.
The bound / MFN (Most Favored Nation) duty rate for the HS code 02042220 is 0.7 cents per kilogram (KG). This 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, promoting fair and balanced international trade.
The quantity unit for the HS code 02042220 is kilograms (KG). This unit of measurement is commonly used in the international trade of meat products. It allows for accurate and standardized calculations of quantities, ensuring transparency and consistency in trade transactions.
The HS code 02042220 is eligible for various special tariff preference programs, which offer favorable treatment in terms of duty rates. Some of these programs include:
These special tariff preference programs aim to promote trade and economic development by providing duty-free or reduced-duty treatment to specific countries or regions. Importers and exporters should take advantage of these programs to benefit from lower duty rates and enhance their competitiveness in the global market.
When it comes to importing lamb meat with the HS code 02042220, South Dakota is the primary destination within the United States. This indicates a significant demand for this product in South Dakota. On the other hand, the main exporting US states for this HS code include Iowa, Kansas, Missouri, Nebraska, North Carolina, and Oklahoma.
These states play a crucial role in supplying quality cuts of lamb meat to meet domestic and international demand. The distribution of imports and exports across these states reflects the geographical distribution of lamb meat production and trade in the United States.
the HS code 02042220 represents cuts of lamb meat with bone in, which are fresh or chilled. This product is subject to a bound / MFN duty rate of 0.7 cents per kilogram (KG). Importers and exporters can take advantage of various special tariff preference programs to benefit from lower duty rates. South Dakota is the primary importing state, while states like Iowa, Kansas, Missouri, Nebraska, North Carolina, and Oklahoma are the main exporting states for this HS code. Understanding the details of this HS code is essential for businesses involved in the trade of lamb meat, ensuring compliance with customs regulations and maximizing opportunities for growth and profitability.