The HS Code 99129525 corresponds to a specific product: MA olives in subheading 2005.70.60, specifically chopped or minced olives weighing at least 87.3 grams per kilogram.
When it comes to international trade, HS codes play a crucial role in classifying and identifying products. The Harmonized System (HS) is an internationally standardized system for classifying traded products. Each HS code consists of a unique numerical code and a corresponding product description.
In the case of HS Code 99129525, it specifically refers to olives from Morocco that have been processed and prepared in a chopped or minced form. The subheading 2005.70.60 further specifies the type of olives and their level of processing.
Bound / MFN duty rate is an important aspect of international trade. It refers to the rate of duty or tariff that a country applies to imported goods. 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. This ensures fair and equal treatment for all countries involved in trade.
Unfortunately, the data provided does not specify the quantity unit for the product. However, it is common for trade data to include information such as weight, volume, or quantity to provide a better understanding of the scale of trade.
In terms of special tariff preference programs, the data indicates a rate of 6 cents per kilogram on drained weight for MA olives. This is known as the Morocco Special Rate, which provides preferential treatment for olives imported from Morocco. The specific details of this program are not provided, but it shows that certain countries may have preferential treatment for specific products based on trade agreements or special arrangements.
When it comes to importing and exporting the product specified by HS Code 99129525, the data does not provide information about the specific importing and exporting US states. However, it is important to note that trade between countries involves various states or regions within those countries. The specific states or regions involved in the import and export of the product can have implications for logistics, distribution, and trade policies.
HS Code 99129525 represents MA olives that have been chopped or minced, weighing at least 87.3 grams per kilogram. This code allows for the classification and identification of the product in international trade. The data provided highlights the importance of bound / MFN duty rates, quantity units, special tariff preference programs, and the involvement of specific US states in the import and export of the product.