Walnuts are a popular and nutritious nut that is enjoyed by people all around the world. They are not only delicious but also offer a wide range of health benefits. One way to enjoy walnuts is by consuming them in a prepared or preserved form, specifically by vinegar or acetic acid. This article will focus on the HS code 20019050, which pertains to walnuts prepared or preserved in this particular manner.
HS codes are a standardized system used for classifying products in international trade. They provide a common language for customs officials and traders to identify and categorize products. The HS code 20019050 specifically refers to walnuts that have been prepared or preserved using vinegar or acetic acid.
When it comes to trade barriers and market access, countries often impose duties or tariffs on imported goods. However, under special tariff preference programs, the MFN (Most Favored Nation) duty rate for HS code 20019050 is 7 cents per kilogram. 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 quantity unit for HS code 20019050 is kilograms (KG). This is the standard unit used to measure the weight of the walnuts being imported or exported.
There are also special tariff preference programs that offer duty-free treatment for HS code 20019050. These programs include the Generalized System of Preferences (GSP), which grants duty-free treatment to eligible products. Other special rate programs include Australia, Bahrain, Canada (under NAFTA), Chile, the Caribbean Basin Initiative (CBI), Israel, the Andean Trade Preference Act (ATPA), Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic-Central American Special Rate (DR-CAFTA), Peru, and Singapore.
Importing of walnuts prepared or preserved by vinegar or acetic acid under HS code 20019050 is reported from various US states. Some of the states that import this product include New Jersey, Hawaii, and Hawaii.
Overall, the HS code 20019050 provides a specific classification for walnuts that have been prepared or preserved using vinegar or acetic acid. It is important for traders and customs officials to understand this code when dealing with the import and export of these products. The special tariff preference programs also play a significant role in facilitating trade and ensuring fair market access for HS code 20019050.