HS Code 22059060: Wine of Fresh Grapes Flavored with Plants or Aromatic Substances
Wine is a popular beverage enjoyed by people all over the world. It is made from the fermentation of fresh grapes and can be flavored with various plants or aromatic substances to enhance its taste and aroma. HS Code 22059060 specifically refers to wine of fresh grapes flavored with plants or aromatic substances, excluding vermouth, that is packaged in containers holding over 2 liters.
The HS Code system is an internationally recognized classification system used to categorize traded goods. It helps ensure uniformity in trade regulations and provides a standardized way of identifying products. HS Code 22059060 allows customs authorities and traders to easily identify and classify this specific type of wine.
When it comes to trade, countries often impose tariffs or duties on imported goods to protect domestic industries or generate revenue. The bound duty rate for wine with HS Code 22059060 is 4.2 cents per liter. This means that every liter of this wine imported into a country is subject to a duty of 4.2 cents.
Trade liberalization, however, has led to the establishment of special tariff preference programs. These programs aim to promote trade by reducing or eliminating tariffs on certain goods. For wine with HS Code 22059060, several countries have implemented such programs.
Under the Generalized System of Preferences (GSP), wine of this category receives duty-free treatment in the following countries: Australia, Bahrain, Canada (under NAFTA), Chile, European Union, Israel, Japan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States. These countries have granted preferential treatment to promote trade and foster economic cooperation.
Additionally, Jordan has a special rate of 1.8 cents per liter for wine with HS Code 22059060. This means that imports of this wine into Jordan will be subject to a duty of 1.8 cents per liter.
In the United States, the importing states for this specific wine are Connecticut, the District of Columbia, New York, and the Virgin Islands. These states have a demand for wine of fresh grapes flavored with plants or aromatic substances, and businesses can target these markets for export opportunities.
HS Code 22059060 plays a crucial role in international trade, allowing for the accurate classification and identification of wine of fresh grapes flavored with plants or aromatic substances. Understanding the HS Code system and the associated tariff preference programs can help businesses navigate the complexities of international trade and take advantage of market opportunities.
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