The HS Code 02042340 refers to boneless meat of sheep, specifically nesi, that is fresh or chilled. This code is used to classify and categorize this particular type of meat for international trade purposes. It is important to understand the HS code system as it helps in identifying and tracking specific products in global trade.
The product description for HS Code 02042340 is boneless meat of sheep, nesi, that is fresh or chilled. This means that the meat has been deboned and is in a state that has not been frozen or subjected to any other preservation method.
The bound / most-favored-nation (MFN) duty rate for HS Code 02042340 is 2.8 cents per kilogram (KG). The term "bound" refers to the maximum tariff rate that a country can impose on a particular product. The MFN duty rate is the rate that applies to all trading partners of a country, ensuring equal treatment for goods or services from all countries.
It is important to note that whenever 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 principle of non-discrimination is a fundamental aspect of international trade agreements.
The quantity unit for HS Code 02042340 is kilograms (KG). This means that the weight of the boneless sheep meat is measured and recorded in kilograms.
There are several special tariff preference programs applicable to imports of boneless sheep meat under HS Code 02042340. These programs offer preferential treatment in terms of duty rates and eligibility criteria. Some of these programs include:
These programs aim to promote trade and economic cooperation between countries by providing favorable conditions for the importation of specific goods.
For imports of boneless sheep meat under HS Code 02042340, the data shows that the state of South Dakota is the primary importing state. This means that the majority of these imports enter the United States through South Dakota.
On the other hand, the exporting states for this product are Iowa, Kansas, Missouri, Nebraska, North Carolina, Oklahoma, and South Dakota. These states are involved in the production and export of boneless sheep meat to other countries.
It is important for traders and businesses to be aware of the importing and exporting states for a particular product, as it helps in understanding supply chains and market dynamics.
HS Code 02042340 refers to boneless meat of sheep, nesi, that is fresh or chilled. This code is used to classify and categorize this specific type of meat for international trade purposes. The article provides information on the product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting states. Understanding the HS code system and its associated data is crucial for businesses and traders engaged in global trade.