Harmonized System Codes • Schedule B • Harmonized Commodity Description

The HS Code 03034600: A Comprehensive Guide to Southern Bluefin Tuna Imports

The HS Code 03034600 refers to the specific classification for Southern Bluefin Tuna (Thunnas maccoyii) imports. This article aims to provide an extensive overview of this HS code, including its product description, quantity unit, and special tariff preference programs. Additionally, we will explore the importing and exporting US states for this particular product.

Product Description

The HS Code 03034600 encompasses frozen Southern Bluefin Tuna, excluding fillets, other meat portions, livers, and roes. This code specifically applies to the Thunnas maccoyii species, known for its rich flavor and high-quality flesh. Southern Bluefin Tuna is a highly sought-after seafood delicacy, often utilized in various cuisines around the world.

Bound / MFN Duty Rate

Under the HS Code 03034600, the bound / MFN (Most Favored Nation) duty rate is free. This means that 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 provision ensures fair and equal trading opportunities for all nations involved.

Quantity Unit

The quantity unit for the HS Code 03034600 is kilograms (KG). This unit of measurement is commonly used for trade and commerce purposes, providing a standardized way to quantify the amount of Southern Bluefin Tuna being imported or exported.

Special Tariff Preference Programs

There are various special tariff preference programs that may apply to imports falling under the HS Code 03034600. These programs aim to provide certain benefits, such as reduced duty rates or exemptions, to eligible importers. Some prominent programs include:

• Generalized System of Preferences (GSP): The GSP is a program that grants preferential tariff treatment to eligible products from designated beneficiary countries. Importers of Southern Bluefin Tuna may benefit from reduced duty rates or exemptions under this program, depending on the specific regulations and criteria.
• Free Trade Agreements (FTAs): Free Trade Agreements established between countries often include provisions for reduced or eliminated tariff rates on specific goods. Importers and exporters of Southern Bluefin Tuna should explore any existing FTAs that may apply to their trade relationship, as it can significantly impact the cost of importing or exporting.
• Special Agricultural Safeguard (SSG): Some countries may have implemented special safeguard measures to protect their domestic agricultural industry. These measures could include higher duty rates on specific agricultural products, including Southern Bluefin Tuna. Importers should be aware of any SSGs in place to accurately assess the overall cost of importing.

Importing and Exporting US States

When it comes to Southern Bluefin Tuna imports, various US states play a significant role. The top importing US states for this product may include California, Hawaii, Texas, Florida, and New York, among others. These states are often home to major seafood markets and have a high demand for premium seafood products.

On the other hand, the top exporting US states for Southern Bluefin Tuna may include Massachusetts, Maine, Rhode Island, and California. These states are known for their active fishing industries and the production of high-quality seafood products.

the HS Code 03034600 encompasses frozen Southern Bluefin Tuna, excluding fillets, other meat portions, livers, and roes. It is important to understand the bound / MFN duty rate, quantity unit, and any special tariff preference programs that may apply. Additionally, being aware of the key importing and exporting US states can provide valuable insights for businesses involved in the Southern Bluefin Tuna trade.