When it comes to international trade, it is crucial to have a standardized system that classifies products for import and export purposes. This is where the Harmonized System (HS) code comes into play. The HS code is an internationally recognized system used to classify goods, providing a uniform classification that simplifies trade negotiations and customs procedures. In this article, we will delve into the specifics of HS code 05119100, which encompasses products of fish, crustaceans, molluscs, or other aquatic invertebrates n.e.s.i; dead animals of chapter 3, unfit for human consumption.
HS Code 05119100 covers a wide range of products derived from aquatic life. This includes various species of fish, crustaceans, molluscs, and other aquatic invertebrates. These products may be in different forms, such as processed or unprocessed, and can be used for a variety of purposes, excluding human consumption.
One important aspect of the HS code system is the bound or most-favored-nation (MFN) duty rate. The bound duty rate refers to the maximum rate of customs duty that a country can impose on a particular product. The MFN duty rate ensures that countries treat all their trading partners equally in terms of trade barriers and market access. Therefore, when 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 05119100 is kilograms (KG). This unit of measurement is used to determine the weight of the products being imported or exported under this HS code.
Furthermore, there are special tariff preference programs associated with HS Code 05119100. These programs provide certain countries with preferential treatment in terms of duty rates. For this specific HS code, the following countries enjoy duty-free treatment under various special tariff preference programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating customs duties for specific goods.
When it comes to importing HS Code 05119100 into the United States, the following states are major importers:
These states have significant import activities related to products falling under HS Code 05119100.
HS Code 05119100 covers products of fish, crustaceans, molluscs, or other aquatic invertebrates n.e.s.i; dead animals of chapter 3, unfit for human consumption. This HS code plays a vital role in international trade by providing a standardized classification system for these products. Understanding the tariff rates and special tariff preference programs associated with this HS code is essential for businesses engaged in the import and export of aquatic products.