The HS Code 29034910 refers to the product Bromochloromethane. In this article, we will explore the details of this HS code and its implications in international trade.
Bromochloromethane is a chemical compound that is commonly used in various industries. It is classified under HS Code 29034910, which is a harmonized system code used to classify and identify products in international trade. The HS code is a globally recognized code that helps streamline trade processes and facilitate the flow of goods across borders.
One important aspect to note is the bound / MFN duty rate associated with this HS code. The bound duty rate refers to the maximum tariff rate that a country can apply on a product. On the other hand, the MFN (Most Favored Nation) duty rate is the rate that is applied to all trading partners equally. In the case of Bromochloromethane, the bound / MFN duty rate is free. This means that no tariff is imposed on the import or export of this product, promoting trade and market accessibility.
The quantity unit for Bromochloromethane is kilograms (KG). This unit of measurement is used to quantify the amount of product being imported or exported. It ensures standardization and accuracy in trade transactions.
Additionally, there are special tariff preference programs associated with the HS Code 29034910. These programs provide further benefits and incentives for the import and export of Bromochloromethane. Some of the countries participating in these programs include:
These special tariff preference programs aim to foster international trade relations and provide preferential treatment to certain countries or regions. By participating in these programs, countries can enjoy duty-free treatment or special rates, promoting economic cooperation and growth.
When it comes to importing Bromochloromethane, some of the US states that are involved in exporting this product include Louisiana. This information is crucial for businesses and traders to identify potential partners and markets for their products.
the HS Code 29034910 - Bromochloromethane, plays a significant role in international trade. It allows for the classification and identification of the product, establishes the duty rates, and highlights special tariff preference programs. Understanding these details is essential for businesses, importers, and exporters to navigate the global market efficiently and take advantage of the benefits provided by international trade agreements.