The HS Code 17023022 is used to classify the product category of glucose and glucose syrup. This code specifically refers to glucose and glucose syrup that does not contain or contains in dry state less than 20% fructose, and may be blended. The classification is based on the General Note 15 of the schedule and provision.
When it comes to trade barriers and market access, countries must adhere to the principle of Most Favored Nation (MFN) duty rates. 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. For HS Code 17023022, the bound or MFN duty rate is 6%.
The quantity unit used for measuring the product is kilograms (KG). This unit is commonly used for trade and allows for easy comparison and standardization.
There are several special tariff preference programs associated with HS Code 17023022. These programs provide certain countries with preferential treatment in terms of duty rates. The countries eligible for free trade under this HS code include Australia (A*), Bahrain (BH), Canada (CA) under NAFTA, Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), Singapore (SG).
In addition to the general free trade eligibility, there are specific special rates for certain countries. Australia, Bahrain, Canada under NAFTA, Chile, Israel, Jordan, Morocco, Mexico under NAFTA, Oman, Dominican Republic-Central America under DR-CAFTA, Peru, and Singapore have special rates for this particular HS code.
When it comes to importing this product into the United States, the state of Vermont is known for its import activities. However, no specific exporting states are mentioned in the provided data.
Glucose and glucose syrup are widely used in various industries, including food and beverage, pharmaceuticals, and cosmetics. They are often used as sweeteners, thickeners, and humectants. The HS Code 17023022 helps in standardizing the classification and trade of these products, ensuring fair competition and transparent trade practices.
It is important for businesses involved in the import and export of glucose and glucose syrup to familiarize themselves with the regulations and duty rates associated with HS Code 17023022. This will help them make informed decisions and navigate the global market effectively.