Buckwheat, classified under HS Code 10081000, is an agricultural product that holds significant importance in the global trade market. This article aims to provide a comprehensive understanding of buckwheat, its trade regulations, and the countries involved in its import and export.
Buckwheat is a versatile grain-like seed that is commonly used in various cuisines around the world. Despite its name, buckwheat is not related to wheat and is actually a fruit seed. It is known for its distinctive nutty flavor and is often used in the production of noodles, pancakes, bread, and other food products. Buckwheat is highly nutritious, rich in fiber, minerals, and antioxidants, making it a popular choice among health-conscious consumers.
HS Code 10081000 specifically identifies buckwheat in international trade. The Harmonized System (HS) is an internationally standardized system for classifying goods, enabling uniformity in trade documentation, tariffs, and statistics. This code ensures that buckwheat is accurately identified and regulated during import and export operations.
Bound / MFN duty rate: The import duty rate for buckwheat is free. This means that countries must eliminate any trade barriers or open up their markets for buckwheat from all their trading partners. It promotes fair trade practices and prevents discrimination against specific countries or suppliers.
The quantity unit for buckwheat is measured in kilograms (KG). This standardized unit helps facilitate trade transactions and ensures accurate measurement and documentation of the quantity being imported or exported.
Buckwheat enjoys special tariff preferences under various trade programs. These preferences offer certain countries duty-free treatment or reduced tariffs, encouraging trade and economic cooperation. The following countries benefit from special tariff rates for buckwheat:
When it comes to buckwheat trade, certain states in the United States play a significant role in both importing and exporting. The states involved in buckwheat trade include:
HS Code 10081000 represents buckwheat in international trade. This versatile and nutritious grain-like seed enjoys favorable trade regulations and benefits from special tariff preference programs. Understanding the HS code and the countries involved in buckwheat trade is essential for importers, exporters, and individuals interested in the global agricultural market.