When it comes to international trade, it is essential to have a standardized system that classifies and categorizes goods. The Harmonized System (HS) Code is a globally recognized system used to classify products for customs and statistical purposes. In this article, we will delve into the details of HS Code 12129100, which pertains to sugar beet, whether fresh, chilled, frozen, or dried, whether or not ground.
Product Description: Sugar beet is a root vegetable that is primarily grown for its sugar content. It is known for its high sucrose content and is widely used in the production of sugar, both granulated and liquid. Sugar beet can be consumed in various forms, including fresh, chilled, frozen, or dried. Additionally, it can be ground to produce sugar beet pulp, which is often used as animal feed.
Bound / MFN Duty Rate: The bound duty rate for HS Code 12129100 is 39.7 cents per metric ton (T). The Most Favored Nation (MFN) duty rate is the rate that applies when a country lowers a trade barrier or opens up a market. It is important to note that if a country reduces tariffs or trade barriers for a particular product, it must do so for all its trading partners.
Special Tariff Preference Programs: HS Code 12129100 is eligible for various special tariff preference programs. These programs offer reduced or duty-free treatment for imports of sugar beet from specific countries. Here are some of the programs and the countries eligible for them:
Importing US States: The United States imports sugar beet from various countries. Some of the major importing states include:
Exporting US States: On the other hand, the United States is a significant exporter of sugar beet to countries worldwide. Some of the major exporting states include:
HS Code 12129100 plays a crucial role in the international trade of sugar beet. With its detailed product description and information on duty rates and special tariff preference programs, this article provides a comprehensive guide for importers, exporters, and anyone interested in the sugar beet trade. Understanding the HS code system is essential for smooth and efficient international trade operations.