When it comes to international trade, having a clear understanding of product codes is essential. One such code that often comes up in the import and export of vegetables is HS Code 20059997. In this article, we will provide an extensive guide to this HS code and explore its implications for the global trade of vegetables.
Product Description: HS Code 20059997 refers to "Vegetables nesoi, and mixtures of vegetables, prepared or preserved otherwise than by vinegar or acetic acid, not frozen, not preserved by sugar." This code encompasses a wide range of vegetables and vegetable mixtures that have undergone various preparation or preservation methods.
Bound / MFN Duty Rate: The bound / MFN (Most Favored Nation) duty rate for HS Code 20059997 is 11.2%. 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 its trading partners. This duty rate is applicable to the import of vegetables and mixtures of vegetables under this HS code.
Quantity Unit: The quantity unit for HS Code 20059997 is kilograms (KG). This unit is used to measure the weight of the imported or exported vegetables or vegetable mixtures.
Special Tariff Preference Programs: Certain countries have special tariff preference programs in place for the import of vegetables and mixtures of vegetables under HS Code 20059997. These programs offer preferential duty rates or even duty-free treatment. Here are some of the programs and their corresponding duty rates:
Importing US States: HS Code 20059997 applies to the import of vegetables and mixtures of vegetables into various states within the United States. The specific states may vary depending on the importer's location and market demand.
Exporting US States: Similarly, HS Code 20059997 is relevant for the export of vegetables and vegetable mixtures from various states within the United States. The exporting states may vary based on the availability and production capacity of vegetables in different regions.
Overall, HS Code 20059997 plays a crucial role in facilitating the import and export of vegetables and mixtures of vegetables worldwide. Importers and exporters need to be familiar with this code to ensure compliance with customs regulations and take advantage of any applicable tariff preference programs. By understanding the details and implications of HS Code 20059997, businesses can streamline their international trade operations and optimize their market opportunities.