Flours, meals, and pellets of fish are important food products that are widely consumed around the world. They are not only a rich source of protein but also provide essential nutrients such as omega-3 fatty acids, vitamins, and minerals. HS Code 03051040 specifically refers to these fish products that are fit for human consumption.
The HS Code 03051040 provides a classification and identification system for customs authorities to regulate the import and export of fish-based food products. This specific code ensures that the products meet certain criteria and standards set by international trade agreements.
According to the product description, the flours, meals, and pellets of fish covered by this HS code should not be in bulk or immediate containers weighing more than 6.8 kg each. This specification ensures that the products are packaged appropriately for easy handling and distribution.
When it comes to trade barriers and market access, the bound or most favored nation (MFN) duty rate for HS Code 03051040 is 6%. This means that every time a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This principle promotes fair and equitable trade practices among nations.
The quantity unit for measuring the fish products under this HS code is kilograms (KG). This standard unit facilitates accurate measurement and comparison of the quantity of goods being imported or exported.
There are also special tariff preference programs associated with HS Code 03051040. These programs provide certain countries with preferential treatment or duty-free access to the US market for the specified fish products. The countries included in these programs are:
These tariff preference programs aim to promote trade and economic cooperation between the United States and these countries by reducing or eliminating customs duties on the specified fish products.
Importing and exporting of fish products under HS Code 03051040 are not limited to specific US states or exporting US states. The code applies to all states within the United States and any country engaging in trade with the US.
HS Code 03051040 plays a crucial role in regulating the import and export of flours, meals, and pellets of fish for human consumption. It ensures that these products meet the necessary standards and are subject to appropriate duty rates. The special tariff preference programs further facilitate trade and economic cooperation between the United States and specific countries, promoting international commerce and food security.