The HS Code 29159010 refers to fatty acids of animal or vegetable origin that are not elsewhere specified or included. Fatty acids are essential components of various foods and products, and their classification under this HS code allows for easier trade and regulation.
The Bound / MFN duty rate for this HS code is 5%. This means that every time 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 rate ensures fair and equal treatment for all countries involved in trade.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is commonly used in international trade to accurately quantify the amount of fatty acids being imported or exported.
There are several special tariff preference programs available for the importation of fatty acids classified under HS Code 29159010. These programs provide certain countries with preferential treatment, including duty-free treatment. The countries eligible for these special rates are:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing benefits to specific trading partners. By reducing or eliminating import duties, these programs encourage the importation of fatty acids and other goods, fostering international trade relations.
Importing and exporting of fatty acids classified under HS Code 29159010 occurs between various states within the United States. The specific importing and exporting states vary depending on market demands and supply sources.
the HS Code 29159010 encompasses fatty acids of animal or vegetable origin that are not elsewhere specified or included. This code plays a crucial role in facilitating international trade and ensuring fair treatment for all countries involved. The availability of special tariff preference programs further promotes the importation of fatty acids, benefiting specific trading partners and fostering economic cooperation.