When it comes to international trade, there are numerous codes and classifications that help regulate and organize the global market. One such code, HS Code 99129527, represents a specific product category known as MA Other Olives in subheading 2005.70.60. In this article, we will delve into the fascinating details of this HS code, explore its significance, and shed light on the various aspects related to these olives.
The Harmonized System (HS) Code is an internationally recognized system for classifying and identifying products in the global trade market. It provides a standardized method of categorizing goods, enabling countries to track and monitor trade statistics accurately. Each HS code represents a specific product or group of products, facilitating efficient customs clearance and tariff calculation.
HS Code 99129527 is assigned to a specific type of olive product known as MA Other Olives. This code falls under the subheading 2005.70.60, which further classifies the olives as wedged or broken, weighing at least 37.5 grams per kilogram.
MA Other Olives are a diverse category within the olive industry, encompassing various types and preparations. This classification is primarily used for olives that do not fall under any other specific subheading, making it a catch-all category for unique olive products.
These olives can be prepared in different ways, including wedged or broken forms. The wedged olives are typically sliced into small wedges, while the broken olives refer to those that have been damaged or fractured during processing or transportation.
The minimum weight requirement of 37.5 grams per kilogram ensures that the olives meet a certain standard and have substantial meat content. This criterion helps differentiate them from other olive products that may have a lower meat-to-pit ratio.
MA Other Olives find applications in various culinary endeavors and food industries worldwide. Their versatility allows them to be used in a wide range of dishes, including salads, pizzas, pasta sauces, and antipasti platters.
These olives also serve as a popular ingredient in the production of olive oil. The broken olives, in particular, are often pressed to extract their oil, which is then used for cooking, seasoning, and various other purposes.
As the HS code system facilitates international trade, HS Code 99129527 plays a crucial role in tracking the import and export of MA Other Olives. The code enables customs officials and traders to identify and classify these olives correctly, ensuring smooth and efficient trade operations.
The global market for olives and olive products has witnessed significant growth in recent years. Olives are not only a staple in Mediterranean cuisine but have also gained popularity in various other regions around the world. The versatility and health benefits associated with olives have contributed to their increased demand and consumption.
By using the HS code system, importers and exporters of MA Other Olives can navigate the complexities of international trade regulations, tariffs, and documentation. The code simplifies the process of identifying the product, determining applicable duties, and complying with regulatory requirements.
HS Code 99129527 represents the fascinating world of MA Other Olives, a diverse category within the olive industry. These olives, falling under subheading 2005.70.60, can be wedged or broken and must weigh at least 37.5 grams per kilogram. Their wide range of applications, including culinary uses and olive oil production, makes them a crucial component of the global trade market.
Understanding and utilizing HS codes like 99129527 is essential for importers, exporters, and regulatory authorities to ensure seamless international trade operations. By adhering to the standardized classification system, the global market can thrive, promoting fair trade practices and fostering economic growth.