The Harmonized System (HS) Code 99040475 represents dairy products falling under Chapter 4 of the Harmonized System. These products are subject to additional regulations specified in the United States (US) Note 1 of Chapter 4 and are further classified under subheading 2106.90.09. Additionally, these dairy products have entered a value safeguard period and are subject to a duty rate of under $0.90 per kilogram (kg).
The HS Code is an internationally recognized system for classifying traded products. By using a standardized code, countries can easily identify and track various goods as they move across borders. The HS Code 99040475 specifically refers to dairy products falling under Chapter 4, which covers animal and vegetable fats and oils, as well as prepared edible fats and oils.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) principle comes into play. This principle states that every time a country lowers a trade barrier or opens up its market for certain goods or services, it must do so for all its trading partners equally. In the case of dairy products falling under HS Code 99040475, the bound/MFN duty rate stands at 74.1 cents per kilogram (kg).
The quantity unit for the products classified under HS Code 99040475 is kilograms (kg). This unit of measurement helps in accurately determining the weight of the imported or exported dairy products, ensuring consistency and clarity in international trade transactions.
Various special tariff preference programs exist that can influence the import and export of dairy products under HS Code 99040475. These programs are designed to promote trade, reduce barriers, and provide preferential treatment to certain countries or regions. Two important considerations in relation to these programs are the importing and exporting US states.
Importing US states refer to the states within the United States that are the destination for the dairy products classified under HS Code 99040475. These states play a crucial role in determining the demand and market conditions for the imported dairy products. Factors such as population size, consumer preferences, and local regulations can greatly impact the volume and value of imports in each state.
On the other hand, exporting US states are the states within the United States that serve as the origin for the dairy products falling under HS Code 99040475. These states are responsible for producing and supplying the dairy products to international markets. Factors such as agricultural practices, technological advancements, and transportation infrastructure can influence the export potential of these states.
Understanding the dynamics of importing and exporting US states is essential for businesses involved in the trade of dairy products under HS Code 99040475. By staying updated on market trends, regulatory changes, and consumer preferences in both importing and exporting states, businesses can make informed decisions and optimize their trade operations.
HS Code 99040475 represents dairy products falling under Chapter 4 of the Harmonized System. These products are subject to additional regulations, have a bound/MFN duty rate of 74.1 cents per kilogram (kg), and are measured in kilograms (kg). Additionally, the trade of these dairy products can be influenced by special tariff preference programs and the dynamics of importing and exporting US states. By understanding these factors, businesses can navigate the international trade landscape more effectively and capitalize on opportunities in the dairy industry.