Animal feed plays a crucial role in ensuring the health and growth of livestock. One specific type of animal feed that has gained prominence in recent years is the feed containing milk or milk derivatives. This article explores the HS Code 99042305, which encompasses this particular type of animal feed, providing an in-depth understanding of its characteristics, import-export dynamics, and special tariff preference programs.
The HS Code 99042305 refers to animal feed containing milk or milk derivatives. This feed falls under two subcategories for import purposes: 2309.90.28 and 2309.90.48. These codes differentiate the specific composition or formulation of the animal feed. The feed is typically entered in the value safeguard period, with a price range of $0.55 to $0.649 per kilogram (kg).
The bound or Most Favored Nation (MFN) duty rate for HS Code 99042305 is 7.8 cents per kilogram (kg). The concept of MFN duty rate revolves around the principle of equal treatment for all trading partners. Every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and non-discriminatory trade practices.
The quantity unit for HS Code 99042305 is kilograms (kg). This unit is commonly used to measure the weight of animal feed, providing a standardized metric for trade and commerce. The use of kilograms facilitates accurate quantity assessment and simplifies international transactions.
Special tariff preference programs are designed to promote specific trade relationships and provide preferential treatment to certain products or trading partners. While HS Code 99042305 does not have any specific special tariff preference programs associated with it, it is essential to stay updated on any changes or developments in trade policies that may impact the import or export of this animal feed.
When it comes to the import of animal feed containing milk or milk derivatives under HS Code 99042305, various US states play a significant role. These states act as import hubs and facilitate the smooth flow of goods into the country. Some of the prominent states involved in the import of this animal feed include California, Texas, New York, Florida, and Illinois.
Similarly, certain US states excel in exporting animal feed containing milk or milk derivatives. These states have robust agricultural sectors and produce high-quality feed products for the international market. Some of the prominent exporting states for HS Code 99042305 include Wisconsin, California, New York, Pennsylvania, and Texas.
HS Code 99042305 encompasses animal feed containing milk or milk derivatives. This code allows for the classification and regulation of this specific type of feed in international trade. Understanding the product description, duty rates, quantity unit, and import-export dynamics associated with this HS Code is crucial for traders, importers, exporters, and policymakers involved in the animal feed industry.