Ethylene glycol, also known as ethanediol, is a chemical compound classified under HS Code 29053100. This article will provide an in-depth overview of the HS Code, its product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states associated with it.
Ethylene glycol, or ethanediol, is a colorless, odorless, and sweet-tasting liquid. It is commonly used as an antifreeze agent, as well as in the production of polyester fibers, resins, and polyethylene terephthalate (PET) bottles. The HS Code 29053100 specifically refers to ethylene glycol.
The bound or MFN (Most Favored Nation) duty rate for HS Code 29053100 is 5.5%. This means that every time a country reduces a trade barrier or opens up a market, it must apply the same duty rate for the import of ethylene glycol from all its trading partners. The duty rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for ethylene glycol under HS Code 29053100 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported ethylene glycol.
Several special tariff preference programs provide duty-free treatment for ethylene glycol (HS Code 29053100) imported from specific countries. These programs include:
The following US states are known for importing ethylene glycol (HS Code 29053100):
The primary US state known for exporting ethylene glycol (HS Code 29053100) is Louisiana.
HS Code 29053100 represents ethylene glycol (Ethanediol), a versatile chemical compound used in various industries. Its duty rate, quantity unit, special tariff preference programs, and associated importing and exporting US states play a significant role in international trade and commerce.