Cheeses are a beloved food item enjoyed by people all over the world. They come in various types and flavors, each offering a unique taste experience. One such type of cheese is made from sheep's milk, and it falls under the HS Code 04069059.
The HS Code 04069059 specifically refers to cheeses that are substitutes for cheese, including mixtures of cheeses, not elsewhere specified or included (NESOI), and made from sheep's milk. This code helps in the classification and identification of these specific cheese products.
When it comes to international trade, countries often have different trade barriers and market regulations. However, the World Trade Organization (WTO) promotes the principle of Most Favored Nation (MFN) treatment. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. In the case of the HS Code 04069059, the bound or MFN duty rate is 9.6%.
The quantity unit for the HS Code 04069059 is kilograms (KG). This unit of measurement helps in determining the weight and volume of the cheese products being imported or exported.
There are also special tariff preference programs associated with the HS Code 04069059. These programs provide certain countries with preferential treatment in terms of duty rates. For example, imports from least-developed beneficiary developing countries are eligible for Generalized System of Preferences (GSP) under that subheading, which grants them duty-free treatment. Other special tariff preference programs include Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Africa Growth and Opportunity Act (AGOA), Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate. The duty rate for Australia under this HS Code is 6.3%.
Now, let's take a look at the importing and exporting US states associated with the HS Code 04069059. The data shows that the state of New Jersey imports this particular cheese product. On the other hand, the states of Idaho and New Mexico are the main exporters of cheeses made from sheep's milk.
the HS Code 04069059 represents cheeses, substitute for cheese (including mixtures of cheeses), not elsewhere specified or included, made from sheep's milk. It is important for international trade purposes, as it helps in the classification, identification, and regulation of these specific cheese products. The associated duty rates and special tariff preference programs further impact the trade dynamics, while the importing and exporting US states showcase the flow of these cheeses in the market.