Yams are a nutritious and versatile root vegetable that is enjoyed by people all over the world. Whether you prefer them roasted, mashed, or fried, yams are a delicious addition to any meal. In this article, we will explore the HS Code 07149020, which specifically refers to fresh or chilled yams, whether or not sliced or in the form of pellets.
HS Code 07149020 is a classification code used by customs authorities to identify and track specific goods as they are imported or exported. This code ensures that trade barriers and market openings are applied consistently to the same goods or services from all trading partners. The bound or most-favored-nation (MFN) duty rate associated with this HS code is 6.4%.
When it comes to measuring the quantity of yams being imported or exported, the standard unit of measurement is kilograms (KG). This allows for accurate record-keeping and ensures that both buyers and sellers have a clear understanding of the quantity of yams being traded.
In addition to the general duty rate, there are special tariff preference programs in place for yams classified under HS Code 07149020. These programs provide certain countries with preferential treatment, including duty-free access to the market. The countries included in these special tariff preference programs for yams are:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. By providing duty-free treatment for yams, it incentivizes importers and exporters to engage in trade activities and strengthens the relationships between these nations.
When it comes to importing yams classified under HS Code 07149020, the United States receives shipments from various exporting states. Similarly, when exporting yams, different states within the United States may engage in trade with various importing countries. The specific states involved in these import and export activities may vary depending on market conditions and trade agreements.
HS Code 07149020 refers to fresh or chilled yams, whether sliced or in pellet form, and plays a crucial role in tracking and regulating the import and export of these goods. The associated duty rate, special tariff preference programs, and the use of kilograms as the quantity unit provide important information for traders and customs authorities. Whether you are a yam enthusiast or a trader involved in the global yam market, understanding the HS code and its implications is essential for successful and compliant trade.