Vermouth is a popular fortified wine that is flavored with various botanicals, herbs, and spices. It is commonly used as an ingredient in cocktails and as an aperitif. The HS Code 22059020 specifically refers to vermouth that is packaged in containers that hold over 2 liters but not over 4 liters.
When importing or exporting vermouth with this HS code, it is important to be aware of the applicable duty rates and any special tariff preference programs. The bound / MFN duty rate for this product is 3.5 cents per liter. 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 quantity unit for vermouth is liters (L). This measurement is used to determine the volume of the product being imported or exported.
There are several special tariff preference programs that apply to vermouth with this HS code. The following countries and regions offer duty-free treatment for this product: Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore. These programs aim to promote trade and economic development by reducing or eliminating import duties on certain goods.
Additionally, Jordan offers a special rate of 1.5 cents per liter for vermouth with this HS code. This means that when importing or exporting vermouth to or from Jordan, a duty of 1.5 cents per liter will be applied.
It is important to note that the list of importing US states for vermouth with this HS code includes Connecticut, District of Columbia, New York, and Virgin Islands. These states have specific regulations and requirements for importing vermouth, and it is advisable to consult with the relevant authorities or seek professional assistance when engaging in trade involving this product.
While the exporting US states are not mentioned in the provided data, it is essential for exporters to be aware of the regulations and requirements in their own state when shipping vermouth with this HS code.
the HS Code 22059020 refers to vermouth in containers each holding over 2 liters but not over 4 liters. Importers and exporters of this product should be familiar with the duty rates, special tariff preference programs, and any specific regulations in the importing and exporting states. By understanding and complying with these requirements, businesses can effectively engage in international trade of vermouth and benefit from the opportunities it presents.