When it comes to international trade, the Harmonized System (HS) code plays a crucial role in classifying products. The HS Code 99129577 specifically refers to MA Fruit mixtures in subheading 2008.92.90, orange/grapefruit, with a minimum value of 30.25?/kg and a maximum value of 48.4?/kg. Let's explore more about this HS code and its significance in global trade.
HS codes are used by customs authorities worldwide to identify and classify products during import and export processes. They are a standardized system developed by the World Customs Organization (WCO) to facilitate international trade and ensure uniformity in trade statistics, duty rates, and regulations. Each HS code represents a specific product or group of products.
The HS Code 99129577 falls under subheading 2008.92.90, which is dedicated to fruit mixtures. In this case, the fruit mixture consists of oranges and grapefruits. The specific parameters of this product, with a minimum value of 30.25?/kg and a maximum value of 48.4?/kg, indicate the quality and pricing range for this particular fruit mixture.
Importing and exporting goods under specific HS codes have implications for trade barriers, market access, and tariff rates. It is important for countries to adhere to the principle of Most Favored Nation (MFN) treatment. This means that every time 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 principle ensures fair and non-discriminatory trade practices.
The bound or MFN duty rate associated with the HS Code 99129577 may vary depending on the country and its trade agreements. However, it is crucial to note that special tariff preference programs exist in some cases. For this specific HS code, there is a special tariff preference program of 14.9% for imports from Morocco (MA). This means that if the fruit mixtures in subheading 2008.92.90, orange/grapefruit, are imported from Morocco, they will be subject to a lower duty rate of 14.9% compared to other trading partners.
Unfortunately, the quantity unit for this HS code is not available (NA). It could be that the quantity is not specified in the data provided or that it is subject to further negotiation and agreement between the trading parties. However, the absence of a specific quantity unit does not diminish the importance of the HS code in classifying and regulating trade for this product.
It is also worth mentioning that the HS code system is not limited to one specific country. It is a global classification system used by all countries participating in international trade. Therefore, the HS Code 99129577 is relevant not only in the context of importing and exporting to and from the United States but also for any country conducting trade with products falling under this HS code.
the HS Code 99129577 identifies and classifies MA Fruit mixtures in subheading 2008.92.90, orange/grapefruit, with a specific pricing range. It serves as a crucial tool for customs authorities, trade statistics, and tariff regulations worldwide. Adhering to the principles of MFN treatment and special tariff preference programs, countries can ensure fair and non-discriminatory trade practices. The absence of a specific quantity unit does not diminish the importance of the HS code in regulating international trade for this product.
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