Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 12122000 - Seaweeds and other algae: A Comprehensive Guide

When it comes to international trade, it is essential to have a clear understanding of product classification. HS Code 12122000 specifically refers to seaweeds and other algae, whether fresh, chilled, frozen, or dried, and whether or not ground. In this article, we will delve into the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.

Product Description

The product covered by HS Code 12122000 is seaweeds and other algae. This includes various types of marine plants that grow in saltwater environments. Seaweeds and algae are versatile and have found applications in various industries, including food, pharmaceuticals, cosmetics, and agriculture. They can be consumed directly or used as ingredients in different products.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for HS Code 12122000 is free. The MFN principle implies that when 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. Therefore, imports of seaweeds and algae falling under this HS code are exempted from customs duties in most countries.

Quantity Unit

The quantity unit for HS Code 12122000 is kilograms (KG). This means that the weight of the product, whether it is fresh, chilled, frozen, or dried seaweeds and algae, will be measured in kilograms during trade transactions.

Special Tariff Preference Programs

Several special tariff preference programs are applicable to HS Code 12122000. These programs provide additional benefits and duty exemptions to specific countries or regions. Here are some of the notable programs:

• Generalized System of Preferences (GSP) - Provides duty-free treatment to eligible developing countries.
• Australia Special Rate - Grants preferential duty treatment for imports from Australia.
• Bahrain Special Rate - Offers preferential duty treatment for imports from Bahrain.
• NAFTA for Canada - Provides duty-free treatment under the North American Free Trade Agreement for imports from Canada.
• Chile Special Rate - Grants preferential duty treatment for imports from Chile.
• Caribbean Basin Initiative (CBI) - Offers duty-free treatment for eligible countries in the Caribbean region.
• Israel Special Rate - Provides duty-free treatment for imports from Israel.
• Andean Trade Preference Act (ATPA) - Grants preferential duty treatment for imports from countries in the Andean region.
• Jordan Special Rate - Offers preferential duty treatment for imports from Jordan.
• Morocco Special Rate - Provides preferential duty treatment for imports from Morocco.
• NAFTA for Mexico - Grants duty-free treatment under the North American Free Trade Agreement for imports from Mexico.
• Oman Special Rate - Offers preferential duty treatment for imports from Oman.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Provides preferential duty treatment for imports from the Dominican Republic and Central American countries.
• Peru Special Rate - Grants preferential duty treatment for imports from Peru.
• Singapore Special Rate - Offers preferential duty treatment for imports from Singapore.

Importing and Exporting US States

HS Code 12122000 applies to both importing and exporting US states. This means that any state within the United States can import or export seaweeds and other algae falling under this HS code. The trade of seaweeds and algae contributes to the domestic and international markets, promoting economic growth and diversification within the industry.

HS Code 12122000 plays a significant role in regulating trade of seaweeds and other algae globally. Its classification and specific duty exemptions facilitate the smooth flow of these products across borders. Understanding this HS code is crucial for traders, importers, exporters, and government authorities involved in international trade.