The HS Code 16024990 refers to prepared or preserved pork products. This code is used to classify and categorize these specific goods for international trade purposes. It is important for importers, exporters, and customs officials to accurately identify and classify products using the HS Code system to ensure proper documentation and adherence to regulations.
The product description for HS Code 16024990 is "Prepared or preserved pork, nesi." This means that the pork products in question have undergone some form of preparation or preservation process before being traded internationally.
The quantity unit for this HS Code is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported. It is important to accurately measure and report the quantity to ensure compliance with trade regulations.
In terms of duty rates, the bound / MFN (Most Favored Nation) duty rate for HS Code 16024990 is 6.4%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate is an important factor to consider when calculating the cost of importing or exporting these pork products.
There are also special tariff preference programs associated with HS Code 16024990. These programs provide certain countries with preferential treatment, often in the form of duty-free treatment. The following countries are eligible for special tariff preferences for this HS Code: Australia, Bahrain, Canada (under NAFTA), Chile, the Caribbean Basin Initiative (CBI) countries, Israel, the Andean Trade Preference Act (ATPA) countries, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American countries (under DR-CAFTA), Peru, and Singapore.
When importing HS Code 16024990 into the United States, the following states are known for exporting these products: Maine.
Overall, HS Code 16024990 is used to classify and categorize prepared or preserved pork products for international trade. It is important for traders, customs officials, and other stakeholders to understand and adhere to the regulations and requirements associated with this HS Code to ensure smooth and compliant trade transactions.