The HS Code 20057097 refers to olives that are prepared or preserved in a way other than by vinegar, acetic acid, or saline solution. This code specifically applies to olives that are not frozen and fall under the category of "not elsewhere specified or included" (nesoi).
When it comes to trade, countries often impose duties or tariffs on imported goods to protect their domestic industries or regulate the flow of goods. The bound or most-favored-nation (MFN) duty rate for HS Code 20057097 is 8.8 cents per kilogram on the drained weight of the olives. This means that every time a country reduces a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for olives under this HS Code is kilograms (KG). This unit is used to measure the weight of the olives being imported or exported.
There are also special tariff preference programs in place for HS Code 20057097. These programs provide certain countries or regions with preferential treatment in terms of duty rates. The following special tariff preference programs apply:
In terms of import and export, the following US states are involved:
HS Code 20057097 plays a crucial role in the trade of olives that are prepared or preserved in a manner other than vinegar, acetic acid, or saline solution. It helps classify and regulate the import and export of these olives, ensuring fair trade practices and providing preferential treatment to certain countries or regions. Understanding the HS Code and its associated data is essential for businesses and governments involved in international trade.