The HS Code 07011000 refers to seed potatoes that are fresh or chilled. This code is used for the classification and identification of this specific type of agricultural product in international trade. Understanding the HS code system is crucial for importers, exporters, and customs authorities as it helps streamline trade processes and ensure accurate tariff classification.
The product description for HS Code 07011000 is seed potatoes. Seed potatoes are those potatoes specifically cultivated for planting and growing new potato plants. These potatoes are carefully selected to ensure quality and disease-free propagation. They play a vital role in maintaining the global potato supply chain and ensuring a continuous production of this staple food item.
When it comes to trade barriers and market access, the bound or most-favored-nation (MFN) duty rate for HS Code 07011000 is 0.5 cents/kg. 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. This promotes fair and equal treatment in international trade.
The quantity unit for HS Code 07011000 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight and quantity of goods being imported or exported. It helps in calculating shipping costs, customs duties, and ensuring accurate trade statistics.
In terms of special tariff preference programs, HS Code 07011000 enjoys several benefits. It is eligible for free trade under various agreements and initiatives. The countries that provide special tariff rates or duty-free treatment for seed potatoes under this HS code include:
These countries have implemented special rates or duty-free treatment for seed potatoes imported under this HS code. These preferential programs aim to promote trade, economic cooperation, and support the agricultural sector in the importing countries.
Importing US states and exporting US states play a significant role in the trade of seed potatoes under HS Code 07011000. The United States is both an importer and exporter of seed potatoes, contributing to the global supply chain and supporting domestic potato industries. Some of the major potato-producing US states include Idaho, Washington, Wisconsin, and Maine.
HS Code 07011000 encompasses seed potatoes that are fresh or chilled. This code helps classify and identify this agricultural product in international trade. It is important to understand the HS code system, as it facilitates trade processes, determines tariff rates, and ensures accurate classification of goods. The special tariff preference programs and the involvement of different US states further highlight the significance of seed potatoes in global trade.