HS Code 29091914: Methyl tert-butyl ether (MTBE) - An Overview
The HS Code 29091914 refers to Methyl tert-butyl ether (MTBE), a chemical compound widely used in various industries. This article will provide an extensive overview of the product, its uses, and relevant information related to the HS Code.
Product Description: Methyl tert-butyl ether (MTBE) is an organic compound with the chemical formula (CH?)?COCH?. It is a colorless liquid with a distinct odor, commonly used as a fuel additive in gasoline to enhance its octane rating and reduce engine knocking. MTBE is also utilized in the production of solvents, paints, and various chemical intermediates.
Bound / MFN Duty Rate: The bound/MFN duty rate for HS Code 29091914 is 5.5%. It is important to note that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty rate applies uniformly to all countries involved in trade with the country implementing it.
Quantity Unit: The unit of measurement for MTBE under the HS Code 29091914 is kilograms (KG). This measurement is used to determine the quantity of MTBE being imported or exported.
Special Tariff Preference Programs: Several special tariff preference programs are applicable to MTBE under the HS Code 29091914. These programs offer various benefits and exemptions to certain countries. The programs and their details are as follows:
- Free Trade Agreement (FTA): Certain countries, including Australia (A*), Bahrain (BH), Canada (CA), Chile (CL), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Peru (P), Singapore (SG), and the United States (US), are eligible for duty-free treatment under the respective Free Trade Agreements.
- Australia Special Rate: Australia has a special rate for MTBE under the HS Code 29091914, which provides additional benefits or exemptions.
- Bahrain Special Rate: Bahrain offers a special rate for MTBE under the HS Code 29091914, granting specific privileges to importers and exporters.
- NAFTA: The North American Free Trade Agreement (NAFTA) allows duty-free treatment for MTBE originating from Canada and Mexico.
- Chile Special Rate: Chile has a special rate for MTBE under the HS Code 29091914, providing favorable conditions for importers and exporters.
- Caribbean Basin Initiative (CBI): The CBI offers duty-free treatment to MTBE originating from eligible countries in the Caribbean Basin region.
- Israel Special Rate: Israel provides duty-free treatment for MTBE under the HS Code 29091914, promoting trade relations with eligible countries.
- Andean Trade Preference Act (ATPA): The ATPA grants preferential treatment to MTBE originating from eligible countries in the Andean region.
- Jordan Special Rate: Jordan offers a special rate for MTBE under the HS Code 29091914, facilitating trade with specific benefits or exemptions.
- Morocco Special Rate: Morocco provides a special rate for MTBE under the HS Code 29091914, encouraging trade relationships with eligible countries.
- Oman Special Rate: Oman offers a special rate for MTBE under the HS Code 29091914, providing favorable conditions for importers and exporters.
- Dominican Republic-Central American Special Rate (DR-CAFTA): The DR-CAFTA offers preferential treatment to MTBE originating from eligible countries in the Dominican Republic and Central America.
- Peru Special Rate: Peru has a special rate for MTBE under the HS Code 29091914, granting specific privileges to importers and exporters.
- Singapore Special Rate: Singapore provides duty-free treatment for MTBE under the HS Code 29091914, promoting trade relations with eligible countries.
Importing US States: The following US states import MTBE under the HS Code 29091914:
These states play a significant role in the importation and distribution of MTBE within the United States.
HS Code 29091914 represents Methyl tert-butyl ether (MTBE), a versatile chemical compound used in various industries. Understanding the product, its uses, and the associated special tariff preference programs is crucial for importers, exporters, and businesses involved in the trade of MTBE. By leveraging the benefits offered by these programs, countries and businesses can enhance their trade relationships and promote economic growth.
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