HS Code 16030090: Extracts and Juices of Meat, Fish, Crustaceans, Molluscs, or Other Aquatic Invertebrates

When it comes to international trade, the classification of goods is of utmost importance. The Harmonized System (HS) Code is a standardized system used globally to classify products. Each HS Code represents a specific product, enabling countries to regulate trade effectively. In this article, we will delve into the details of HS Code 16030090, which pertains to extracts and juices of meat, fish, crustaceans, molluscs, or other aquatic invertebrates, excluding clam juice.

Product Description

HS Code 16030090 encompasses extracts and juices derived from various aquatic sources such as meat, fish, crustaceans, molluscs, or other aquatic invertebrates. However, it specifically excludes clam juice. This code ensures that these products can be accurately identified and regulated during international trade transactions.

Bound / MFN Duty Rate

The bound or Most Favored Nation (MFN) duty rate for HS Code 16030090 is free. This means that whenever a country lowers trade barriers or opens up its market, it must do so for the same goods or services from all its trading partners. This allows for fair and equal treatment in international trade.

Quantity Unit

The quantity unit for HS Code 16030090 is kilograms (KG). This unit of measurement helps standardize the quantity of extracts and juices being traded. It allows for accurate calculations and ensures consistency in international trade transactions.

Special Tariff Preference Programs

HS Code 16030090 is eligible for various special tariff preference programs, providing certain countries with preferential treatment. The following programs offer duty-free treatment or special rates for imports:

Free Trade Agreement (FTA) Countries: Imports from countries with free trade agreements with the importing country are eligible for duty-free treatment. Some FTA countries for HS Code 16030090 include Australia (A+), Canada (CA), Chile (CL), Mexico (MX), Oman (OM), Peru (PE), and Singapore (SG).
Least-Developed Beneficiary Developing Countries: Imports from least-developed beneficiary developing countries are eligible for duty-free treatment under specific subheadings of the HS Code. This program promotes economic growth and development for these countries.
Africa Growth and Opportunity Act (AGOA): AGOA provides duty-free treatment for imports from eligible sub-Saharan African countries, promoting trade and economic development in the region.
Caribbean Basin Initiative (CBI): CBI offers duty-free treatment for imports from eligible Caribbean countries, fostering economic cooperation and development.
Israel Special Rate: Imports from Israel receive duty-free treatment under this program, enhancing trade relations between the importing country and Israel.
Andean Trade Preference Act (ATPA): ATPA provides special rates for imports from eligible Andean countries, encouraging trade and economic growth in the region.
Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible Central American countries and the Dominican Republic receive special rates under this program, promoting regional trade integration.
Bahrain Special Rate: Imports from Bahrain receive a special rate under this program, fostering trade relations between the importing country and Bahrain.
Jordan Special Rate: Imports from Jordan receive a special rate under this program, promoting trade and economic cooperation between the importing country and Jordan.

Importing and Exporting US States

While not directly related to HS Code 16030090, it is worth mentioning the importing and exporting US states for this product. According to the available data, South Dakota is the importing state, while Maine is the exporting state. These states play a significant role in the trade of extracts and juices of meat, fish, crustaceans, molluscs, or other aquatic invertebrates.