In international trade, each product is classified with a specific code known as the Harmonized System (HS) code. The HS code 07131040 represents dried peas, nesi, shelled. This code is used by customs authorities to identify and classify goods for import and export purposes.
Dried peas are a popular food item consumed all around the world. They are known for their nutritional value and versatility in various cuisines. The HS code 07131040 specifically refers to dried peas that have been shelled, meaning the outer pod has been removed.
When it comes to international trade, understanding the HS code is essential for importers, exporters, and customs officials. The code helps in determining the applicable duties, taxes, and regulations for a particular product. In the case of dried peas, the bound or most favored nation (MFN) duty rate is 0.4 cents/kg.
The MFN duty rate 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 principle promotes fair and equal treatment among trading nations.
The quantity unit for dried peas under HS code 07131040 is kilograms (KG). This unit of measurement is used to determine the quantity of dried peas being imported or exported.
Certain countries have established special tariff preference programs that offer preferential treatment for specific goods. For dried peas under HS code 07131040, the following countries have special tariff rates:
These special tariff preference programs provide trade benefits such as duty-free treatment or reduced tariff rates for dried peas imported from or exported to the mentioned countries.
While the HS code 07131040 applies to dried peas globally, it is also important to consider the specific states involved in importing and exporting this product within the United States.
Importing US States:
Exporting US States:
These states play a significant role in the trade of dried peas under HS code 07131040. Understanding the import and export patterns of specific states can help businesses and policymakers make informed decisions regarding the production, distribution, and consumption of dried peas.
the HS code 07131040 represents dried peas, nesi, shelled. This code is used for international trade purposes, helping to classify and identify the product. It also provides valuable information about the applicable duties, taxes, and special tariff preference programs for dried peas. Understanding the HS code and the import-export dynamics of specific states is crucial for businesses and policymakers involved in the dried pea trade.