HS Code 28369910 - Cobalt Carbonates: An Overview

Cobalt carbonates are compounds that fall under HS Code 28369910. This article will provide an extensive insight into the characteristics, uses, and import/export details of cobalt carbonates.

Product Description

Cobalt carbonates, as the name suggests, are chemical compounds consisting of cobalt and carbonate ions. The molecular formula for cobalt carbonate is CoCO₃. It is commonly found in a pink or reddish-colored powder form.

Import Duty Rate

For countries importing cobalt carbonates, the bound/MFN (Most Favored Nation) duty rate is 4.2%. The MFN duty rate indicates that whenever a country reduces a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners.

Quantity Unit

The quantity unit for cobalt carbonates is kilograms (KG). This unit is used to measure the weight of the imported or exported product.

Special Tariff Preference Programs

Cobalt carbonates enjoy special tariff preference programs in several countries. These programs provide preferential treatment in terms of duty rates. The following countries offer special tariff preferences for cobalt carbonates:

Australia (Free): Generalized System of Preferences (GSP) provides duty-free treatment for cobalt carbonates imported from Australia.
Bahrain (Special Rate): Cobalt carbonates imported from Bahrain receive a special rate of duty.
Canada (NAFTA - Free): Under the North American Free Trade Agreement (NAFTA), cobalt carbonates imported from Canada receive duty-free treatment.
Chile (Special Rate): Cobalt carbonates imported from Chile receive a special rate of duty.
Caribbean Basin Initiative (CBI - Free): Cobalt carbonates imported from countries participating in the Caribbean Basin Initiative receive duty-free treatment.
Israel (Special Rate): Importation of cobalt carbonates from Israel enjoys a special rate of duty-free treatment.
Andean Trade Preference Act (ATPA - Free): Cobalt carbonates imported from countries covered under the Andean Trade Preference Act receive duty-free treatment.
Jordan (Special Rate): Cobalt carbonates imported from Jordan receive a special rate of duty.
Morocco (Special Rate): Cobalt carbonates imported from Morocco receive a special rate of duty.
Mexico (NAFTA - Free): Under the North American Free Trade Agreement (NAFTA), cobalt carbonates imported from Mexico receive duty-free treatment.
Oman (Special Rate): Cobalt carbonates imported from Oman receive a special rate of duty.
Dominican Republic-Central American Special Rate (DR-CAFTA - Free): Cobalt carbonates imported from countries participating in the Dominican Republic-Central American Free Trade Agreement receive duty-free treatment.
Peru (Special Rate): Cobalt carbonates imported from Peru receive a special rate of duty.
Singapore (Special Rate): Cobalt carbonates imported from Singapore receive a special rate of duty.

Importing US States

Cobalt carbonates are imported into various states in the United States. Currently, Delaware is one of the states involved in the importation of this product.

Exporting US States

When it comes to exporting cobalt carbonates, the following states in the United States are actively involved:

Connecticut
Wyoming
Wyoming

These states are known for their contribution to the global trade of cobalt carbonates.

cobalt carbonates falling under HS Code 28369910 are widely used chemical compounds with various applications. They enjoy special tariff preferences in several countries, and their import and export activities involve different states. Understanding the details related to this HS code is crucial for importers, exporters, and trade regulators.