Olive lovers rejoice! In this article, we will explore the fascinating world of olives, specifically focusing on the HS Code 20057018. This code refers to green olives that are packed in saline, stuffed, and come in containers holding no more than 1 kg. We will delve into the product description, duty rates, special tariff preference programs, and the states involved in importing and exporting these delectable treats.
The HS Code 20057018 covers green olives that have been preserved in saline. These olives are typically stuffed with various ingredients, adding a burst of flavor to their already tangy taste. The code specifies that the olives are packed in containers weighing no more than 1 kg. Furthermore, the aggregate quantity of these olives for yearly import is over 2700 metric tons.
When it comes to trade, duty rates play a significant role. For HS Code 20057018, the bound or most-favored-nation (MFN) duty rate is 6.9 cents per kilogram on the drained weight of the olives. This means 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 of its trading partners.
The quantity unit for HS Code 20057018 is kilograms (KG). This specifies that the weight of the olives, both drained and packed in saline, is measured in kilograms.
Several countries have implemented special tariff preference programs for the importation of olives under HS Code 20057018. These programs offer reduced or duty-free rates for certain trading partners. Let's take a closer look at these programs:
While the HS Code 20057018 encompasses the import and export of olives in the United States, specific states are involved in these activities. The Virgin Islands is listed as an importing state, implying that it receives these olives from international sources. On the other hand, Oregon and Washington are listed as exporting states, indicating that they are responsible for shipping these olives to other domestic or international destinations.
It's worth noting that the Virgin Islands appears twice in the importing states list, suggesting a higher demand or volume of olives in this region.
HS Code 20057018 covers the import and export of green olives packed in saline, stuffed, and weighing no more than 1 kg per container. The duty rate for these olives is 6.9 cents per kilogram on the drained weight. However, several special tariff preference programs, including duty-free treatment, have been implemented by various countries for olives falling under this HS code. The Virgin Islands is a notable importing state, while Oregon and Washington are key exporting states for these olives. With this information, you can now appreciate the intricate details involved in the international trade of these delightful green olives!