HS Code 28399010 - Potassium Silicate
Potassium silicate, classified under HS Code 28399010, is a chemical compound that is widely used in various industries for its unique properties and applications. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states related to this HS Code.
Product Description:
Potassium silicate is a compound formed by the combination of potassium oxide (K2O) and silicon dioxide (SiO2). It is commonly available in the form of a white powder or a transparent liquid. Potassium silicate has excellent adhesive, binding, and anti-corrosion properties, making it a valuable ingredient in various industrial processes.
Bound / MFN Duty Rate:
The bound or Most Favored Nation (MFN) duty rate for HS Code 28399010 is 3.1%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate ensures fair and equal treatment for all trading partners, promoting a level playing field in international trade.
Quantity Unit:
The quantity unit for HS Code 28399010 is kilograms (KG). This unit of measurement is used to determine the weight of the potassium silicate being imported or exported. Kilograms provide a standardized measurement that allows for accurate calculation and comparison of quantities across different transactions.
Special Tariff Preference Programs:
Potassium silicate enjoys special tariff preference programs in various countries, providing certain benefits and exemptions. The following countries have specific programs related to this HS Code:
1. Free: Generalized System of Preferences (GSP) - This program offers duty-free treatment for imports of potassium silicate. It promotes economic growth in developing countries by providing preferential market access to their products.
2. Australia Special Rate: Australia provides a special rate for potassium silicate imports. This rate may differ from the standard duty rate, offering potential cost savings for businesses engaged in trade between Australia and other countries.
3. Bahrain Special Rate: Bahrain has a special rate for potassium silicate imports, which may vary from the regular duty rate. This rate encourages trade and strengthens economic ties between Bahrain and its trading partners.
4. NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), potassium silicate imports from Canada enjoy duty-free treatment. This agreement fosters trade liberalization and enhances economic cooperation between Canada, the United States, and Mexico.
5. Chile Special Rate: Chile provides a special rate for potassium silicate imports, which may differ from the standard duty rate. This rate aims to facilitate trade between Chile and other countries, promoting economic growth and bilateral relations.
6. Caribbean Basin Initiative (CBI): The CBI offers duty-free treatment for potassium silicate imports from eligible countries in the Caribbean Basin region. This program enhances regional economic integration and supports the development of the participating countries.
7. Israel Special Rate: Israel provides duty-free treatment for potassium silicate imports under its special rate program. This program strengthens trade relations between Israel and other countries and promotes economic cooperation.
8. Andean Trade Preference Act (ATPA): The ATPA grants preferential treatment for potassium silicate imports from countries in the Andean region, including Bolivia, Colombia, Ecuador, and Peru. This program supports economic development and cooperation among the participating nations.
9. Jordan Special Rate: Jordan offers a special rate for potassium silicate imports, providing potential tariff savings for businesses engaged in trade with Jordan. This rate aims to boost economic ties and encourage trade between Jordan and other countries.
10. Morocco Special Rate: Morocco has a special rate for potassium silicate imports, which may differ from the regular duty rate. This rate promotes trade and investment between Morocco and its trading partners, contributing to economic growth and development.
11. NAFTA for Mexico: Similar to Canada, Mexico also benefits from duty-free treatment for potassium silicate imports under NAFTA. This agreement promotes trade integration and economic cooperation between the United States, Canada, and Mexico.
12. Oman Special Rate: Oman provides a special rate for potassium silicate imports, offering potential cost savings for businesses engaged in trade with Oman. This rate aims to facilitate trade and strengthen economic relations between Oman and other countries.
13. Dominican Republic-Central American Special Rate (DR-CAFTA): The DR-CAFTA offers preferential treatment for potassium silicate imports from participating countries in the Dominican Republic and Central America. This program promotes regional economic integration and strengthens trade ties.
14. Peru Special Rate: Peru provides a special rate for potassium silicate imports, which may differ from the standard duty rate. This rate encourages trade and cooperation between Peru and other countries, contributing to economic development and prosperity.
15. Singapore Special Rate: Singapore offers a special rate for potassium silicate imports, providing potential tariff savings for businesses engaged in trade with Singapore. This rate promotes trade and strengthens economic relations between Singapore and other countries.
Importing US States:
When it comes to importing potassium silicate into the United States, the state of Delaware is one of the key destinations. Delaware serves as a major entry point for potassium silicate imports, facilitating trade and ensuring the availability of this essential compound for various industries within the state.
Exporting US States:
On the other hand, Connecticut and Wyoming are two US states that export potassium silicate. These states have established facilities and industries that produce potassium silicate and export it to different parts of the world. The export of potassium silicate contributes to the economic growth and international trade competitiveness of these states.
HS Code 28399010 represents potassium silicate, a chemical compound with diverse applications in various industries. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states related to this HS Code is crucial for businesses engaged in international trade. By leveraging these insights, businesses can navigate the global market more effectively and capitalize on the benefits and opportunities associated with potassium silicate trade.
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