The HS Code 99129515 refers to the product description of MA olives in subheading 2005.70.60, specifically whole pitted olives. This code is used for international trade purposes and helps classify and identify specific goods or products.
When it comes to trade barriers and market openings, countries must treat all their trading partners equally. This means that if a country lowers a trade barrier or opens up a market for certain goods or services, it has to do the same for all its trading partners. This principle is known as the Most-Favored Nation (MFN) duty rate.
The quantity unit for this product is not available (NA), which means it does not specify a specific measurement or unit for the olives. It could be sold by weight, volume, or any other appropriate unit of measurement.
There is a special tariff preference program in place for this product. The tariff rate is 6 cents per kilogram on the drained weight for olives imported from Morocco. This special rate is a trade agreement between the importing country and Morocco, providing a preferential tariff treatment for olives from Morocco.
When it comes to the importing and exporting of this product, specific US states may be involved. However, the data provided does not specify the exact states involved in the import and export of MA olives in subheading 2005.70.60 whole pitted.
The HS Code 99129515 is essential for international trade as it helps in the identification and classification of products. It ensures that trade barriers and market openings are treated equally among trading partners. The special tariff preference program for olives imported from Morocco provides a favorable tariff rate, promoting trade between the importing country and Morocco.