Milk and cream are essential dairy products that are consumed worldwide. They are used as ingredients in various food and beverage products, as well as consumed directly. The global trade of milk and cream is regulated by the Harmonized System (HS) Code 04022102. This code specifically refers to concentrated milk and cream that are not sweetened and are in powder, granules, or other solid forms. These products must have a fat content of not more than 3% and not less than 1.5%. Additionally, they are subject to the provisions of GN15.
When importing or exporting milk and cream under HS Code 04022102, it is important to understand the associated duty rates. The bound or Most Favored Nation (MFN) duty rate for this product is 3.3 cents per kilogram (KG). 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 milk and cream under HS Code 04022102 is kilograms (KG). This unit is used to measure the weight of the product during trade transactions.
In addition to the duty rates, there are special tariff preference programs available for imports of milk and cream under HS Code 04022102. These programs provide certain countries with preferential treatment, including duty-free status. The countries eligible for these special rates include:
These special rates promote trade and economic development between the countries involved. Importers and exporters can take advantage of these programs to reduce or eliminate the duty costs associated with milk and cream imports.
When it comes to the United States, certain states are known for their milk and cream exports. Some of the major exporting states include Idaho, New Mexico, and Nevada. These states have a significant dairy industry and contribute to the international trade of milk and cream.
HS Code 04022102 covers the trade of concentrated milk and cream that are not sweetened and are in powder, granules, or other solid forms. Importers and exporters should be aware of the associated duty rates and special tariff preference programs to optimize their trade transactions. The code plays a crucial role in regulating and facilitating the global trade of milk and cream products.