When it comes to international trade, understanding the Harmonized System (HS) codes is crucial. These codes are used to classify and identify specific products, allowing for streamlined trade processes and accurate data collection. In this article, we will delve into the HS Code 99041709, focusing on sugars, syrups, and molasses.
The HS Code 99041709 encompasses sugars, syrups, and molasses. These products can be further classified under various subheadings, such as 1701.12.50, 1701.91.30, 1701.99.50, and more. The inclusion of these subheadings allows for a more precise identification and classification of the specific product being traded.
It is important to note that products falling under the HS Code 99041709 must be entered in the value safeguard period, with a price range of $0.05 to $0.099 per kilogram. This safeguard period ensures fair trade practices and helps regulate the import and export of these commodities.
The Bound / MFN duty rate for products classified under the HS Code 99041709 is 17.1 cents per kilogram. This rate applies whenever a country lowers a trade barrier or opens up a market. It ensures that any changes in trade policies are applied uniformly to all trading partners, promoting equal opportunities and fair competition in the global marketplace.
The quantity unit for measuring sugars, syrups, and molasses under the HS Code 99041709 is kilograms (KG). This standard unit of measurement allows for consistency and accuracy in trade transactions, facilitating seamless international trade.
Special tariff preference programs can provide certain benefits and incentives to countries importing or exporting products under the HS Code 99041709. These programs aim to promote economic growth, foster international cooperation, and enhance trade relationships between participating countries.
These are just a few examples of the US states involved in the import and export of sugars, syrups, and molasses under the HS Code 99041709. It is important to note that trade in these products can occur between various states, both within the United States and internationally.
the HS Code 99041709 plays a significant role in the classification, regulation, and facilitation of trade for sugars, syrups, and molasses. Understanding the specifics of this code, including the product description, duty rates, quantity units, and special tariff preference programs, is essential for importers, exporters, and trade professionals involved in the global sugar industry.