When it comes to international trade, it is crucial to have a standardized system in place to classify and identify different products. The Harmonized System (HS) Code provides a universal language for classifying goods, making it easier for countries to track trade statistics and apply tariffs. In this article, we will focus on HS Code 12129920, which refers to nectarine stones and kernels used primarily for human consumption.
The HS Code 12129920 specifically covers nectarine stones and kernels that are primarily intended for human consumption. This means that these parts of the nectarine fruit have a specific use in various food products, such as jams, desserts, and even as a snack on their own. It is important to note that this HS code is not applicable to nectarines themselves, but only to the stones and kernels extracted from them.
Under the MFN (Most Favored Nation) principle, countries are required to treat all their trading partners equally when it comes to trade barriers and market access. In the case of HS Code 12129920, the bound/MFN duty rate is free. This means that there are no additional tariffs or duties imposed on the import of nectarine stones and kernels for human consumption.
It is worth mentioning that the duty rate for a particular product can vary depending on the special tariff preference programs that a country has in place. For HS Code 12129920, several countries offer special tariff preferences:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods. By taking advantage of these programs, importers can benefit from lower costs and increased market access.
The quantity unit for HS Code 12129920 is kilograms (KG). This means that the weight of the nectarine stones and kernels is measured in kilograms when imported or exported.
HS Code 12129920 applies to nectarine stones and kernels traded between countries. However, it is also relevant to consider the specific states within the United States that engage in the import and export of these products.
When it comes to importing nectarine stones and kernels into the United States, all states have the potential to be importing states. However, certain states may have higher import volumes due to factors such as proximity to major ports or the presence of food processing industries.
On the other hand, when it comes to exporting nectarine stones and kernels from the United States, states known for their agricultural production, such as California, Georgia, and Washington, are likely to be major exporting states. These states have favorable climates and infrastructure for growing and processing nectarines, making them key players in the international trade of nectarine-related products.
HS Code 12129920 covers nectarine stones and kernels used primarily for human consumption. The duty rates for this HS code are generally free, but special tariff preference programs exist in certain countries to further promote trade. By understanding and utilizing these programs, importers can benefit from reduced import duties. Additionally, it is important to consider the specific states involved in the import and export of nectarine stones and kernels, as they play a significant role in the international trade of these products.