Animal products are an essential component of the agricultural industry and play a vital role in the nutrition and well-being of animals. HS Code 05119930 refers to animal products that are primarily used as food for animals or as ingredients in such food. This code encompasses a wide range of products that are crucial for maintaining the health and growth of livestock, poultry, and other domesticated animals.
When it comes to international trade, the Harmonized System (HS) Code serves as a standardized classification system for goods. It enables countries to classify products uniformly, facilitating the smooth flow of trade across borders. HS Code 05119930 specifically identifies animal products intended for animal consumption.
The bound or Most Favored Nation (MFN) duty rate for HS Code 05119930 is free. This means that whenever 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 encourages fair and equal trade practices among nations, promoting global economic growth.
Quantity unit for products falling under HS Code 05119930 is measured in kilograms (KG). This standardized unit of measurement ensures clarity and consistency in international trade transactions.
Various special tariff preference programs are available for products classified under HS Code 05119930. These programs offer preferential treatment, including duty-free access, to specific countries. The following countries benefit from these special tariff preferences:
These special tariff preference programs aim to foster trade relationships and support economic development between countries. By offering duty-free treatment or reduced tariffs, they promote increased trade volumes and provide opportunities for producers and exporters.
When it comes to importing HS Code 05119930 products, certain states in the United States are prominent players. South Dakota and Utah are among the states that actively engage in the importation of animal products used as animal food. These states recognize the importance of quality animal nutrition and work towards ensuring a steady supply of suitable feed options for their livestock and domesticated animals.
HS Code 05119930 encompasses animal products primarily used as food for animals or as ingredients in such food. This code plays a crucial role in facilitating international trade by providing a standardized classification system. It ensures fair trade practices through the MFN duty rate and offers preferential treatment through various special tariff preference programs. Understanding this HS Code is essential for importers, exporters, and those involved in the animal food industry.