The HS Code 20057002 refers to a specific product category, namely Olives. These olives are green, not pitted, in saline solution, and are ripe. They are typically packaged in containers that hold 13 kg or less. The aggregate quantity of these olives should not exceed 730 metric tons per year.
When it comes to trade barriers and market opening, countries must adhere to the principles of the Most Favored Nation (MFN) treatment. 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. In the case of HS Code 20057002, the bound / MFN duty rate is 5.4 cents per kilogram on the drained weight of the olives.
The quantity unit for this HS Code is kilograms (KG), which is the standard unit used to measure the weight of the olives.
There are several special tariff preference programs applicable to HS Code 20057002. These programs provide certain countries with preferential treatment when importing these olives. The countries eligible for these programs include:
These countries benefit from various trade programs such as the Generalized System of Preferences (GSP), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
When it comes to the importing of HS Code 20057002, the Virgin Islands in the United States is the primary location. As for the exporting of these olives, the states of Oregon and Washington are major contributors.
the HS Code 20057002 relates to the trade of green, un-pitted olives in saline solution. It specifies the packaging size and the total annual quantity allowed. Various tariff preference programs provide special treatment to specific countries importing or exporting these olives. Understanding HS Codes and the associated regulations is crucial for businesses involved in international trade.