Propionic acid, classified under HS Code 29155010, is a chemical compound commonly used in various industries. This article aims to provide an extensive overview of propionic acid, its uses, and the trade regulations associated with it.
Propionic acid is a colorless liquid with a pungent odor. It is a carboxylic acid that belongs to the fatty acid group. The chemical formula for propionic acid is C3H6O2. It is primarily produced by the oxidation of propionaldehyde or through the fermentation of carbohydrates by certain bacteria.
Propionic acid finds applications in numerous industries, including food and beverages, pharmaceuticals, agriculture, and chemicals. It is commonly used as a food preservative due to its antimicrobial properties. In the pharmaceutical industry, propionic acid serves as a raw material for the synthesis of various drugs. Additionally, it is used in the production of herbicides, plastics, and rubber.
The HS Code 29155010 specifically identifies propionic acid. HS Codes are used to classify and identify traded products for customs and statistical purposes. They are essential in international trade to establish uniformity in product categorization.
When it comes to tariffs, propionic acid is subject to a bound/MFN (Most-Favored Nation) duty rate of 4.2%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate to propionic acid imports from all its trading partners.
Several special tariff preference programs offer duty-free treatment for propionic acid imports. These programs provide certain countries with preferential treatment to encourage trade and economic cooperation. The following countries and programs offer duty-free treatment for propionic acid:
These programs aim to foster international trade relations and provide economic benefits for both importing and exporting countries.
The United States is both an importer and exporter of propionic acid. The specific states involved in importing and exporting propionic acid may vary depending on market demand and supply. However, some of the notable US states engaged in the trade of propionic acid include:
These states often serve as key hubs for chemical manufacturing and distribution, facilitating the import and export of propionic acid.
The HS Code 29155010 represents propionic acid, a versatile chemical compound widely used across industries. Its applications range from food preservation to pharmaceutical synthesis and herbicide production. Understanding the HS code and associated trade regulations is crucial for importers, exporters, and businesses involved in the global trade of propionic acid.
Moreover, the availability of special tariff preference programs provides opportunities for duty-free treatment, promoting trade relationships between countries. Importing and exporting US states play a significant role in the propionic acid trade, contributing to the global supply chain.
Overall, propionic acid's importance in various sectors and its trade regulations make it a vital component of the international chemical trade market.