The HS Code 99129516 refers to a specific product: MA Olives in subheading 2005.70.60 that are sliced and weigh less than 44.75?/kg. This code is used in international trade to classify and track the import and export of goods.
When 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 concept is known as the Bound / MFN (Most Favored Nation) duty rate. It ensures fair and equal treatment for all trading partners, promoting free and open trade.
Unfortunately, the quantity unit for this particular product is not available (NA). This means that the data does not specify the exact quantity or measurement used for import and export purposes. However, it is important to note that this information may be available through other sources or documentation related to the specific trade transaction.
There is a special tariff preference program in place for MA Olives in subheading 2005.70.60. The specific program grants a tariff rate of 10.1 cents/kg on drained weight for these olives. This special rate applies to imports from Morocco, providing an incentive for trade between Morocco and the importing country.
It is worth mentioning that the HS Code 99129516 is used in both importing and exporting US states. This means that the product may be imported into the United States from another country, or it may be exported from the United States to another destination. The specific states involved in the import and export of this product may vary depending on various factors such as demand, supply, and trade agreements.
the HS Code 99129516 represents MA Olives in subheading 2005.70.60 that are sliced and weigh less than 44.75?/kg. This code is used to classify and track the import and export of these olives in international trade. The Bound / MFN duty rate ensures equal treatment for all trading partners, and there is a special tariff preference program in place for imports from Morocco. The exact quantity unit is not available, and the product is involved in trade between various importing and exporting US states.