The HS code 99129585 refers to the product description of MA Other Fruit Mixtures in subheading 2008.92.90, with a minimum weight of 72 kilograms. This article aims to provide extensive information about this HS code and its related data.
When it comes to international trade, countries often impose trade barriers or restrictions to protect their domestic industries. However, with the establishment of the World Trade Organization (WTO), countries are encouraged to lower these trade barriers and open up their markets for the same goods or services from all their trading partners. This principle is known as the Most-Favored Nation (MFN) duty rate.
The MFN duty rate ensures that every time a country lowers a trade barrier or opens up a market, it must do so for all its trading partners. This promotes fair and equal treatment among countries and prevents discriminatory practices in international trade.
In terms of quantity unit, the data for HS code 99129585 states that it is not available (NA). This means that the specific unit of measurement for this product is not specified or provided. It is important for importers and exporters to clarify this information to ensure accurate trade transactions and measurements.
Additionally, there is a special tariff preference program associated with HS code 99129585. The tariff rate for this product is 14.9% under the Morocco Special Rate. This indicates that if the importing country is Morocco, they can benefit from a reduced duty rate of 14.9% for MA Other Fruit Mixtures in subheading 2008.92.90, weighing at least 72 kilograms. Importers and exporters should take advantage of such special tariff preference programs to optimize their trade opportunities and cost-efficiency.
Finally, when it comes to importing and exporting this product, the specific US states involved are not mentioned in the provided data. However, it is important to note that the HS code is globally recognized and used by countries worldwide. Therefore, this product can be imported and exported between any US state and any other trading partner globally.
HS code 99129585 represents MA Other Fruit Mixtures in subheading 2008.92.90, with a minimum weight of 72 kilograms. It is crucial for importers and exporters to understand the MFN duty rate principle, the special tariff preference programs available, and the importance of clarifying the quantity unit for accurate trade transactions. Utilizing the HS code system enables smooth international trade and ensures fair treatment among trading partners.