HS Code 16042040: Fish Sticks and Similar Products
- Product description: Fish sticks and similar products of any size or shape, if breaded, coated with batter, or similarly prepared, not cooked nor in oil.
- Bound / MFN duty rate: 10% - 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.
- Quantity unit: Kilograms (KG)
- Special tariff preference programs: Free (A+, AU, BH, CA, CL, D, E, IL, J, JO, MA, MX, OM, P, PE) and 1.2% (SG)
Fish sticks and similar products have become a popular choice for consumers looking for convenient and delicious seafood options. These products fall under HS code 16042040, which specifically refers to fish sticks and similar products that are breaded, coated with batter, or similarly prepared but not cooked nor in oil.
The bound or most favored nation (MFN) duty rate for HS code 16042040 is 10%. This means that when a country lowers a trade barrier or opens up a market, it must apply the same 10% duty rate to fish sticks and similar products from all its trading partners. This promotes fair trade practices and ensures equal treatment for all countries involved in the trade.
When importing fish sticks and similar products, the quantity unit used is kilograms (KG). This unit of measurement helps in determining the weight and quantity of the goods being imported.
One interesting aspect of HS code 16042040 is the availability of special tariff preference programs for certain countries. These programs provide preferential treatment in terms of duty rates for imports of fish sticks and similar products. The following countries enjoy special tariff rates:
- A+: Only imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment.
- AU: Australia Special Rate - Duty-free treatment for imports from Australia.
- BH: Bahrain Special Rate - Duty-free treatment for imports from Bahrain.
- CA: NAFTA for Canada - Duty-free treatment for imports from Canada under the North American Free Trade Agreement.
- CL: Chile Special Rate - Duty-free treatment for imports from Chile.
- D: Africa Growth and Opportunity Act (AGOA) - Duty-free treatment for imports from beneficiary countries in Africa under the AGOA program.
- E: Caribbean Basin Initiative (CBI) - Duty-free treatment for imports from beneficiary countries in the Caribbean under the CBI program.
- IL: Israel Special Rate - Duty-free treatment for imports from Israel.
- J: Andean Trade Preference Act (ATPA) - Duty-free treatment for imports from beneficiary countries in the Andean region under the ATPA program.
- JO: Jordan Special Rate - Duty-free treatment for imports from Jordan.
- MA: Morocco Special Rate - Duty-free treatment for imports from Morocco.
- MX: NAFTA for Mexico - Duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
- OM: Oman Special Rate - Duty-free treatment for imports from Oman.
- P: Dominican Republic-Central American Special Rate (DR-CAFTA) - Duty-free treatment for imports from beneficiary countries in the Dominican Republic-Central American Free Trade Agreement region.
- PE: Peru Special Rate - Duty-free treatment for imports from Peru.
- SG: Singapore Special Rate - Imports from Singapore enjoy a 1.2% duty rate.
These special tariff preference programs aim to promote trade and economic cooperation between countries. They provide incentives for countries to engage in mutually beneficial trading relationships, leading to increased trade volumes and economic growth.
HS code 16042040 encompasses fish sticks and similar products that are breaded, coated with batter, or similarly prepared but not cooked nor in oil. The bound or MFN duty rate for this HS code is 10%, ensuring equal treatment for all trading partners. Importers should use kilograms (KG) as the quantity unit when dealing with fish sticks and similar products. Additionally, certain countries enjoy special tariff rates, either receiving duty-free treatment or a reduced duty rate of 1.2% under various tariff preference programs. These programs aim to foster trade partnerships and stimulate economic development.
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