HS Code 03079100: A Comprehensive Guide to Molluscs and Other Aquatic Invertebrates
Molluscs and other aquatic invertebrates play a significant role in both the marine ecosystem and the global seafood market. These fascinating creatures, excluding crustaceans, fall under the HS Code 03079100. This article will provide an extensive overview of this HS code, including its product description, tariff rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
Product Description:
The HS Code 03079100 covers molluscs and other aquatic invertebrates, whether in shell or not, that are live, fresh, or chilled. It is important to note that this code excludes crustaceans, which have their own separate category. Molluscs are soft-bodied animals with a muscular foot, often protected by a shell. Examples include oysters, clams, mussels, and snails. Other aquatic invertebrates encompass a wide range of creatures, such as sea cucumbers, sea urchins, and jellyfish.
Bound / MFN Duty Rate:
Under the principle of most favored nation (MFN), countries are required to lower trade barriers or open up markets for the same goods or services from all trading partners. Consequently, the bound duty rate for HS Code 03079100 is free. This means that countries should not impose any tariffs or duties on the importation of these molluscs and aquatic invertebrates.
Quantity Unit:
The quantity unit for HS Code 03079100 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported molluscs and aquatic invertebrates. Kilograms provide a standardized measurement that allows for accurate tracking and assessment of trade volumes.
Special Tariff Preference Programs:
Certain countries have established special tariff preference programs that offer advantageous or duty-free treatment for the importation of goods falling under HS Code 03079100. The following countries extend preferential treatment for molluscs and aquatic invertebrates:
- Australia (Special Rate)
- Bahrain (Special Rate)
- Canada (NAFTA - duty-free treatment)
- Chile (Special Rate)
- European Union (Free)
- Israel (Special Rate - duty-free treatment)
- Japan (Free)
- Jordan (Special Rate)
- Morocco (Special Rate)
- Mexico (NAFTA - duty-free treatment)
- Oman (Special Rate)
- Peru (Special Rate)
- Singapore (Special Rate)
These special tariff preference programs aim to facilitate trade and strengthen economic cooperation between countries. Importers and exporters should take advantage of these programs to reduce costs and enhance profitability.
Importing US States:
The HS Code 03079100 is relevant to various US states engaged in the importation of molluscs and aquatic invertebrates. Some notable importing states include California, Florida, Hawaii, Louisiana, and Massachusetts. These states have thriving seafood industries and enjoy a diverse range of molluscs and other aquatic invertebrates sourced from both domestic and international markets.
Exporting US States:
On the other hand, several US states are actively involved in the exportation of molluscs and aquatic invertebrates. Washington, Alaska, Maine, Virginia, and Maryland are among the top exporting states. These states benefit from their abundant coastal resources, which allow for the sustainable harvesting and exportation of high-quality seafood products.
HS Code 03079100 encompasses a wide range of molluscs and aquatic invertebrates, excluding crustaceans, that are live, fresh, or chilled. Importers and exporters should be aware of the bound duty rate, quantity unit, and special tariff preference programs associated with this code. Additionally, understanding the importing and exporting US states can provide valuable insights into the global trade of these remarkable marine creatures.
More on HS code 03079100
