The HS Code 29035960 refers to Tetrabromocyclooctane, a chemical compound that is used in various industrial applications. In this article, we will explore the details of this HS Code and provide a comprehensive understanding of the product.
Tetrabromocyclooctane is a halogenated organic compound with the chemical formula C8H12Br4. It is a white solid that is insoluble in water but soluble in organic solvents. The compound is primarily used as a flame retardant in the manufacturing of various products such as electronics, textiles, and plastics.
Due to its high bromine content, Tetrabromocyclooctane has excellent fire-resistant properties, making it an ideal choice for applications where fire safety is a concern. It can effectively reduce the flammability of materials and prevent the spread of fire.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29035960 is free. This means that there are no import duties imposed on this product when it is traded between countries. The concept of MFN duty rate is based on the principle of non-discrimination in international trade. It ensures that when 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.
This duty-free treatment encourages international trade by eliminating barriers and promoting fair competition among countries. It allows businesses to import Tetrabromocyclooctane without the burden of additional costs, thereby facilitating the availability and affordability of the product.
The quantity unit for HS Code 29035960 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the amount of a product being imported or exported. It provides a standardized basis for calculating the value and volume of trade transactions.
Tetrabromocyclooctane, classified under HS Code 29035960, is eligible for special tariff preference programs in several countries. These programs offer additional benefits and incentives to promote trade and economic cooperation.
The following countries provide special tariff rates or duty-free treatment for the import of Tetrabromocyclooctane:
These special tariff preference programs aim to enhance trade relations, promote economic growth, and provide advantages for businesses engaged in the import and export of Tetrabromocyclooctane.
When it comes to the import and export of Tetrabromocyclooctane in the United States, the following states are actively involved:
These states play a significant role in the trade of Tetrabromocyclooctane, either as importers or exporters. They contribute to the overall supply chain and distribution of the product within the United States.
HS Code 29035960 represents Tetrabromocyclooctane, a flame retardant chemical compound with various industrial applications. Its bound / MFN duty rate is free, enabling seamless trade between countries. The special tariff preference programs offered by several countries further facilitate the import of this product. Additionally, the involvement of specific states in the United States highlights their importance in the Tetrabromocyclooctane trade.
Understanding the details of HS Code 29035960 is essential for businesses, policymakers, and individuals involved in the international trade of Tetrabromocyclooctane. It provides valuable insights into the product, its regulations, and the opportunities available in the global market.