When it comes to international trade, the use of Harmonized System (HS) codes is crucial for identifying and classifying different products. One such HS code, 29161210, represents aromatic esters of acrylic acid. In this article, we will delve into the details of this code, exploring its product description, duty rates, quantity unit, and special tariff preference programs.
The HS code 29161210 specifically refers to aromatic esters of acrylic acid. Esters are organic compounds formed through the reaction of an alcohol and an acid, resulting in a characteristic aroma. In the case of HS code 29161210, these esters have an acrylic acid base, which further enhances their aromatic properties.
The bound or most-favored-nation (MFN) duty rate for HS code 29161210 is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 6.5% for the import or export of aromatic esters of acrylic acid. This ensures fairness and equal treatment for all trading partners in terms of trade barriers and market access.
The quantity unit for HS code 29161210 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported. It provides a standardized way of quantifying the amount of aromatic esters of acrylic acid involved in a trade transaction.
Several special tariff preference programs offer favorable treatment for imports and exports classified under HS code 29161210. These programs aim to promote economic cooperation and provide benefits to participating countries. The following countries have special tariff rates or duty-free treatment for aromatic esters of acrylic acid:
These special tariff preference programs aim to facilitate trade and enhance economic cooperation between the participating countries. By offering reduced or duty-free rates, they encourage the import and export of aromatic esters of acrylic acid, ultimately benefiting the economies of the countries involved.
HS code 29161210 is used for both importing and exporting aromatic esters of acrylic acid to and from the United States. The specific states involved in these trade transactions may vary, but the code remains the same. Some of the major importing and exporting states in the US include California, Texas, New York, Florida, and Illinois. It is important for businesses and traders to be aware of the regulations and requirements associated with this HS code when engaging in international trade.
HS code 29161210 represents aromatic esters of acrylic acid in international trade. Its product description, duty rates, quantity unit, and special tariff preference programs provide valuable information for businesses and traders involved in the import and export of these products. By understanding and adhering to the regulations associated with this HS code, businesses can successfully navigate the complexities of international trade and contribute to the growth of their respective economies.