Milk and cream are popular dairy products consumed worldwide. These products come in various forms, and one of them is concentrated milk and cream in non-solid forms. In this article, we will delve into the details of this specific product, its HS Code 04029110, and explore its import and export data, as well as tariff preferences and participating countries.
The HS Code 04029110 refers to milk and cream concentrate in non-solid forms that are not sweetened and are packaged in airtight containers. This product falls under Chapter 4 of the Harmonized System, which covers dairy products and bird eggs. The United States has a specific note (US note 11) regarding the import of this product, which should be considered when trading.
The bound duty rate for HS Code 04029110 is 2.2 cents per kilogram (KG). The Most Favored Nation (MFN) duty rate implies 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 ensures fair and equal treatment among trading nations.
The quantity unit for HS Code 04029110 is kilograms (KG). This measurement standardizes the trade of milk and cream concentrate in non-solid forms, making it easier to track and monitor import and export volumes accurately.
Several special tariff preference programs exist for HS Code 04029110, offering varying levels of duty-free treatment. These programs aim to promote trade and economic development among participating countries. The following programs provide special rates or duty-free treatment:
These special tariff preference programs provide benefits to specific countries based on their trade agreements and economic partnerships with the United States. Importers and exporters should be aware of these programs to take advantage of favorable trade conditions.
When it comes to importing and exporting milk and cream concentrate under HS Code 04029110, certain US states play a significant role. The following states are actively involved in the trade of this product:
These states have shown consistent import and export activities, making them key players in the supply chain of milk and cream concentrate in non-solid forms. Traders and businesses operating in these states should pay attention to the market dynamics and explore opportunities for growth in this sector.
HS Code 04029110 represents milk and cream concentrate in non-solid forms, offering a detailed classification for this particular dairy product. Understanding this code is crucial for importers, exporters, and businesses involved in the trade of milk and cream concentrate. By considering the bound duty rate, special tariff preference programs, and actively participating states, stakeholders can make informed decisions to enhance their trade operations and leverage favorable market conditions.