Milk and cream are staple dairy products that are consumed all around the world. HS Code 04013002 refers to milk and cream that are not concentrated, not sweetened, and have a fat content of less than 6% but not exceeding 45%. This HS code falls under the general note 15 of the Harmonized Tariff Schedule (HTS), which contains specific provisions for the classification of dairy products.
When it comes to trade, countries often impose tariffs or duties on imported goods. The bound or most-favored-nation (MFN) duty rate for HS Code 04013002 is 3.2 cents per liter. 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.
The quantity unit for HS Code 04013002 is liters (L). This unit of measurement is commonly used for liquid commodities such as milk and cream.
There are also special tariff preference programs that can affect the import of milk and cream under HS Code 04013002. Some of these programs include:
These tariff preferences vary depending on the country of origin and the specific trade agreements in place. For example, imports from least-developed beneficiary developing countries may be eligible for duty-free treatment under certain subheadings. Additionally, specific countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, Dominican Republic, Central America (under DR-CAFTA), Peru, and Singapore may have special rates or duty-free treatment for milk and cream under HS Code 04013002.
When it comes to importing and exporting milk and cream under HS Code 04013002, various US states may engage in these trade activities. Similarly, different US states may export milk and cream to various countries. The specific states involved in these transactions would depend on market demand, supply chains, and trade agreements between the US and other countries.
HS Code 04013002 relates to milk and cream that are not concentrated, not sweetened, and have a specific fat content. The tariff rates, quantity unit, and special tariff preference programs associated with this HS code can significantly impact the import and export of these dairy products. It is essential for traders, importers, exporters, and policymakers to understand and navigate these regulations to facilitate international trade effectively.