When it comes to international trade, various codes and classifications are used to facilitate the smooth flow of goods and services across borders. One such code is the Harmonized System (HS) code, which is a standardized numerical classification system for products. In this article, we will delve into the details of HS Code 99129501, specifically focusing on MA asparagus in subheading 2005.60.00.
HS Code 99129501 refers to a specific type of asparagus, specifically the variety originating from Morocco (MA). The subheading 2005.60.00 further categorizes this product based on its characteristics and composition.
The product description for HS Code 99129501 is MA asparagus in subheading 2005.60.00. Asparagus is a popular vegetable known for its distinct flavor and various health benefits. The asparagus covered under this HS code is specifically sourced from Morocco.
It is important to note that the "< 39.75?/kg" mentioned in the product description signifies the maximum acceptable price per kilogram for this particular type of asparagus. This pricing information is crucial for importers and exporters to determine the value of the product in international trade transactions.
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 bound / MFN (Most Favored Nation) duty rate refers to the tariff rate imposed on imports of the product specified under HS Code 99129501.
In the case of MA asparagus in subheading 2005.60.00, the specific bound / MFN duty rate is not provided in the available data. However, it is important for importers and exporters to be aware of the applicable duty rates to accurately calculate the cost of importing or exporting this product.
The quantity unit for HS Code 99129501 is not available (NA) in the provided data. The quantity unit is typically used to denote the measurement or quantity of the product being traded, such as kilograms, liters, or units. It is important for importers and exporters to have a clear understanding of the quantity unit to accurately determine the volume of trade.
Special tariff preference programs can provide certain advantages or benefits to specific products, countries, or regions. For HS Code 99129501, a special tariff preference program of 14.9% is applicable for imports from Morocco (MA).
This special rate allows importers of MA asparagus in subheading 2005.60.00 to pay a reduced tariff of 14.9% instead of the standard duty rate. The implementation of special tariff preference programs aims to promote trade and economic cooperation between countries.
It is important for importers and exporters to be aware of the special tariff preference programs applicable to their products, as it can significantly impact the cost and competitiveness in the international market.
While the provided data does not specify the importing and exporting US states for HS Code 99129501, it is worth mentioning that the United States is a major player in international trade. Asparagus, including the MA asparagus covered under this HS code, is imported and exported to various US states.
States with suitable agricultural conditions and high demand for asparagus are likely to be major importers, while states with a strong agricultural industry may export this product. Some notable asparagus-producing states in the US include California, Washington, and Michigan.
HS Code 99129501 represents MA asparagus in subheading 2005.60.00. This code provides a standardized classification for this specific type of asparagus originating from Morocco. Importers and exporters must consider the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states when engaging in international trade involving HS Code 99129501.