Bread, pastry, cake, biscuit and similar baked products are essential food items enjoyed by people all over the world. These delectable treats come in various forms and flavors, making them a popular choice for breakfast, snacks, and desserts. HS Code 19059010 specifically refers to bread, pastry, cake, biscuit, and similar baked products nesi (not elsewhere specified), and puddings whether or not containing chocolate, fruit, nuts, or confectionery. This code helps in the classification and identification of these products in international trade.
One important aspect of international trade is the imposition of duties or tariffs on imported goods. The Bound / MFN (Most Favored Nation) duty rate ensures that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle promotes fairness and equal treatment among nations in terms of trade.
For HS Code 19059010, the Bound / MFN duty rate is free. This means that countries are not required to impose any duties or tariffs when importing bread, pastry, cake, biscuit, and similar baked products under this HS code. It encourages the smooth flow of these goods across borders, promoting international trade and economic growth.
In international trade, it is essential to have a standardized unit of measurement for the quantity of goods being traded. For HS Code 19059010, the quantity unit is kilograms (KG). This unit allows for accurate measurement and ensures consistency in the trading process. Whether it's a small batch of pastries or a large shipment of bread, using kilograms as the quantity unit helps in determining the value and volume of the products being traded.
Several countries and regions have established special tariff preference programs to promote trade and foster economic cooperation. These programs offer reduced or zero-duty rates for specific goods, including those classified under HS Code 19059010. Let's take a closer look at some of these programs:
These special tariff preference programs aim to facilitate trade between countries and regions, providing economic benefits and promoting diversification of markets for bread, pastry, cake, biscuit, and similar baked products.
While HS Code 19059010 applies globally, it is interesting to note the specific states within the United States that are involved in the import and export of these products. For importing, New Jersey and Hawaii are the primary states engaged in the trade of bread, pastry, cake, biscuit, and similar baked products classified under this HS code.
These states likely have a significant demand for these goods or serve as major distribution hubs for the US market. On the exporting side, detailed data is not available, but it can be inferred that various states within the United States contribute to the export of these products to other countries.
HS Code 19059010 plays a crucial role in identifying and managing the trade of bread, pastry, cake, biscuit, and similar baked products. Its classification, along with the details of duty rates and special tariff preference programs, helps facilitate international trade and ensures fairness among trading partners. Understanding these aspects is essential for businesses, policymakers, and consumers involved in the global baked goods industry.