When it comes to international trade, it is essential to have a clear understanding of the Harmonized System (HS) codes. These codes are used to classify products for customs and statistical purposes. In this article, we will explore HS Code 05079000, which encompasses various animal-derived materials. Let's delve into the details of this code and its implications for trade.
HS Code 05079000 covers a range of unworked or simply prepared animal products, including tortoise shell, whalebone and whalebone hair, horns, antlers, hooves, nails, claws, and beaks. These materials can be in their raw form or processed to some extent, such as waste and powder.
Tortoise shell, often used in traditional crafts and jewelry, falls under this HS code. Whalebone, derived from the baleen plates of whales, has historically been used in various applications, including corsets and umbrella ribs. Other animal products like horns, antlers, hooves, nails, claws, and beaks have different uses across industries and cultures.
The bound or Most Favored Nation (MFN) duty rate for HS Code 05079000 is free. This means that countries must lower trade barriers or open up their markets for the same goods or services from all trading partners. It promotes equal treatment and fair competition among nations.
When countries apply lower duty rates or exemptions for certain products, it is usually part of special tariff preference programs. In the case of HS Code 05079000, several countries offer special rates or duty-free treatment. These countries include Australia, Bahrain, Canada (under NAFTA), Chile, the European Union (EU), Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States under the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA).
These preferential programs aim to foster economic cooperation and enhance trade relations between the participating countries. They provide opportunities for businesses to import or export goods at reduced or zero duty rates, thus making trade more cost-effective.
The quantity unit for HS Code 05079000 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported animal products falling under this HS code. It helps in calculating duties, assessing trade statistics, and ensuring accurate record-keeping.
While not directly related to the HS code itself, it is worth mentioning that South Dakota is one of the states involved in the import and export of products classified under HS Code 05079000. The state's geographical location, transportation infrastructure, and economic activities contribute to its involvement in international trade.
South Dakota, known for its agricultural and manufacturing sectors, may import animal-derived materials for various purposes. Additionally, businesses in the state might export these materials to other states or countries, depending on market demand and supply chain dynamics.
HS Code 05079000 encompasses a diverse range of animal products, including tortoise shell, whalebone, horns, and other materials. Understanding this code is crucial for traders, importers, and exporters involved in international commerce. By being aware of the duty rates, special tariff preference programs, quantity units, and potential trade partners, businesses can navigate the global market more effectively.
Remember, HS codes serve as a universal language for trade classification, facilitating smooth customs procedures and accurate statistical reporting. So, whether you are shipping tortoise shell crafts or whalebone accessories, HS Code 05079000 is the key to successful international trade.