HS Code:
Subheading 0406.90.74 under the Harmonized System (HS) Code pertains to 'Cheese and curd - Other cheese - Other - Valued over thirty cents but not over forty cents per kg.' This category includes specific types of cheese that fall within this value range per kilogram, often encompassing specialty or mid-range cheeses traded globally. These cheeses are distinct from mass-produced varieties and may include certain artisanal or regional products that are subject to specific tariff treatments based on trade agreements and country-specific regulations.
Total Trade Volume
USD 120 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
12.5%
Highest Rate
35% (applied by certain developing countries to protect local dairy industries)
Lowest Rate
0% (under specific free trade agreements such as EU-USMCA)
Growing demand for specialty cheeses in Asia-Pacific
Increased export opportunities for European producers, particularly in markets like Japan and South Korea with rising disposable incomes
2021-2022
Shift towards organic and sustainable cheese production
Higher production costs but premium pricing in markets like North America and Europe, influencing trade volumes
2020-2022
Impact of trade agreements like RCEP on dairy trade
Reduced tariffs among member countries have boosted intra-regional trade, affecting global patterns
2022
New trade terms have introduced specific quotas for cheese under 0406.90.74, impacting the flow of goods between the UK and EU member states like France and Italy.
January 2023
Potential short-term disruptions in trade volume but long-term stabilization expected with quota adjustments.
The US conducted a review of tariffs on European cheese imports under this category as part of ongoing trade negotiations, with potential reductions under discussion.
March 2023
Possible increase in European cheese exports to the US if tariffs are lowered, benefiting major exporters like Italy and France.
Countries like China and India have tightened sanitary regulations for imported dairy, including cheese under this HS code, requiring additional certifications.
July 2023
Temporary delays in exports to these markets and increased compliance costs for exporters.