The Harmonized System (HS) Code 20057006 refers to olives that are green, not pitted, in saline, and not ripe. This HS code provides a standardized classification for these specific types of olives, facilitating international trade and ensuring uniformity in customs procedures.
The product description for HS Code 20057006 specifies that the olives are green, indicating that they are harvested before fully ripening. These olives are not pitted, meaning the pits or stones are still intact. They are preserved in saline, a solution of salt and water, which helps maintain their flavor and texture. The olives are packaged in containers weighing over 8 kilograms, intended for repackaging purposes.
It is important to note that this HS code refers specifically to olives meeting these criteria. Other types of olives may have different HS codes, depending on their characteristics and intended use.
The bound / MFN (Most Favored Nation) duty rate for HS Code 20057006 is 3.7 cents per kilogram on the drained weight of the olives. The MFN duty rate is the rate applied to imports from all trading partners, ensuring equal treatment for goods or services from different countries.
Whenever 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, known as the MFN principle, promotes fair and non-discriminatory trade practices.
The quantity unit for HS Code 20057006 is kilograms (KG). This unit of measurement allows for accurate and standardized quantification of the olives being imported or exported.
HS Code 20057006 is eligible for various special tariff preference programs, providing certain countries with preferential treatment or duty-free access to the United States market. The following countries have special tariff rates for olives under this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries by reducing or eliminating import duties on qualifying products, including olives.
Under HS Code 20057006, the following US states are involved in either importing or exporting olives:
These states play a role in the trade of olives under this HS code, either as importers or exporters. The specific reasons for their involvement may vary, such as regional production capabilities, consumer demand, or distribution networks.
HS Code 20057006 provides a standardized classification for olives that are green, not pitted, in saline, and not ripe. It helps facilitate international trade by ensuring uniformity in customs procedures and enables the implementation of special tariff preference programs for eligible countries.
By understanding the details and implications of this HS code, importers, exporters, and regulatory authorities can effectively navigate the trade of olives and promote fair and efficient global commerce.