HS Code 20079935: An In-Depth Look at Peach Jam
Peach jam, classified under HS Code 20079935, is a delicious and popular product enjoyed by people all over the world. In this article, we will delve into the details of this HS code, exploring its product description, duty rates, quantity unit, and special tariff preference programs. So let's dive in and discover the fascinating world of peach jam!
Product Description:
Peach jam is a sweet and tangy spread made from ripe peaches. It is prepared by cooking the fruit with sugar and sometimes adding lemon juice or pectin to achieve the desired consistency. The result is a delightful preserve that can be enjoyed on toast, pastries, or used as a filling in various desserts.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for HS Code 20079935 is 7%. 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. The 7% duty rate is applicable to peach jam imports regardless of their country of origin.
Quantity Unit:
The quantity unit for peach jam imports is kilograms (KG). This unit of measurement allows for easy calculation and comparison of the quantity of peach jam being imported.
Special Tariff Preference Programs:
Peach jam imported under HS Code 20079935 may be eligible for various special tariff preference programs. These programs offer reduced or duty-free treatment based on the country of origin. Let's explore some of these programs:
- Free: Imports from least-developed beneficiary developing countries eligible for the Generalized System of Preferences (GSP) under that subheading enjoy duty-free treatment. This program aims to support the economic development of these countries.
- Bahrain Special Rate: Imports from Bahrain are subject to a special rate, which may differ from the standard duty rate.
- NAFTA for Canada: Imports from Canada under the North American Free Trade Agreement (NAFTA) enjoy duty-free treatment.
- Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries under the AGOA program receive duty-free treatment.
- Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries under the CBI program enjoy duty-free treatment.
- Israel Special Rate: Imports from Israel are subject to a special rate, which may differ from the standard duty rate.
- Andean Trade Preference Act (ATPA): Imports from eligible Andean countries under the ATPA program receive duty-free treatment.
- Jordan Special Rate: Imports from Jordan are subject to a special rate, which may differ from the standard duty rate.
- Morocco Special Rate: Imports from Morocco are subject to a special rate, which may differ from the standard duty rate.
- NAFTA for Mexico: Imports from Mexico under the NAFTA program enjoy duty-free treatment.
- Oman Special Rate: Imports from Oman are subject to a special rate, which may differ from the standard duty rate.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible countries under the DR-CAFTA program receive duty-free treatment.
- Peru Special Rate: Imports from Peru are subject to a special rate, which may differ from the standard duty rate.
- Singapore Special Rate: Imports from Singapore are subject to a special rate, which may differ from the standard duty rate.
- Australia Special Rate: Imports from Australia are subject to a 4.6% duty rate.
- Chile Special Rate: Imports from Chile are subject to a 2.1% duty rate.
These special tariff preference programs aim to promote trade, foster economic partnerships, and support specific regions or countries.
Importing US States and Exporting US States:
When it comes to peach jam imports and exports, various US states play a significant role. Some of the major importing US states for peach jam include California, New York, Texas, Florida, and Illinois. These states have a high demand for peach jam due to their large population and culinary preferences.
On the other hand, the exporting US states for peach jam production include Georgia, California, South Carolina, Michigan, and Washington. These states are known for their abundant peach orchards and expertise in producing high-quality peach jam.
HS Code 20079935 represents peach jam, a delightful and versatile product enjoyed worldwide. From its product description to duty rates and special tariff preference programs, this article has provided an extensive overview of this HS code. Whether it's the sweet taste of peaches or the economic implications of international trade, peach jam under HS Code 20079935 offers a fascinating blend of flavors and opportunities.
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