Olives are a popular and versatile fruit that is enjoyed in many cuisines around the world. They are not only delicious but also offer numerous health benefits. In this article, we will take an in-depth look at olives, particularly green olives, with a focus on their HS Code 20057091.
The HS Code 20057091 refers to green olives that are prepared or preserved otherwise than by vinegar/acetic acid, and are not in saline. These olives are packed in containers that weigh less than 13 kilograms. The trade quota for this product is 550 metric tons per year.
The bound / MFN duty rate for olives under HS Code 20057091 is 5.5 cents per kilogram on the drained weight. 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. This encourages fair and equal trade practices.
The quantity unit for olives under HS Code 20057091 is kilograms (KG). This unit of measurement is used to determine the weight of the olives being imported or exported.
There are several special tariff preference programs applicable to olives under HS Code 20057091:
When it comes to importing olives under HS Code 20057091, the Virgin Islands is the main destination. However, it is important to note that other US states may also engage in the importation of this product.
On the other hand, the main exporting US states for olives under HS Code 20057091 are Oregon and Washington. These states have a significant olive industry and contribute to the global supply of green olives.
olives under HS Code 20057091 are a sought-after product in international trade. They are subject to specific duty rates, quota limitations, and are eligible for various special tariff preference programs. Understanding these details is crucial for importers, exporters, and consumers alike, as it ensures fair and transparent trade practices.