HS Code 29181110: A Comprehensive Guide to Lactic Acid
Lactic acid, classified under HS Code 29181110, is a versatile and important chemical compound used in various industries. In this article, we will explore the characteristics, applications, and trade regulations associated with lactic acid.
Product Description: Lactic acid is a colorless, odorless liquid with a slightly acidic taste. It is an organic compound that occurs naturally in many foods, especially in sour milk products. Lactic acid is produced through the fermentation of carbohydrates, primarily in dairy products and certain fruits and vegetables.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for lactic acid is 5.1%. 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 international trade.
Quantity Unit: Lactic acid is measured and traded in kilograms (KG). This unit is used to determine the quantity of lactic acid being imported or exported.
Special Tariff Preference Programs: Lactic acid enjoys special tariff preferences under various trade programs. These programs provide favorable treatment and reduced or duty-free rates for imports and exports. The following countries and regions offer special tariff preferences for lactic acid:
- Generalized System of Preferences (GSP): Under this program, lactic acid receives duty-free treatment.
- Australia Special Rate: Australia provides a special rate for lactic acid imports.
- Bahrain Special Rate: Bahrain offers a special rate for lactic acid imports.
- NAFTA for Canada: Lactic acid imports from Canada enjoy duty-free treatment under the NAFTA agreement.
- Chile Special Rate: Chile provides a special rate for lactic acid imports.
- Caribbean Basin Initiative (CBI): Lactic acid exports to CBI member countries receive favorable treatment.
- Israel Special Rate: Israel provides duty-free treatment for lactic acid imports.
- Andean Trade Preference Act (ATPA): Lactic acid exports to ATPA member countries benefit from preferential treatment.
- Jordan Special Rate: Jordan offers a special rate for lactic acid imports.
- Morocco Special Rate: Morocco provides a special rate for lactic acid imports.
- NAFTA for Mexico: Lactic acid imports from Mexico enjoy duty-free treatment under the NAFTA agreement.
- Oman Special Rate: Oman offers a special rate for lactic acid imports.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Lactic acid exports to DR-CAFTA member countries receive favorable treatment.
- Peru Special Rate: Peru provides a special rate for lactic acid imports.
- Singapore Special Rate: Singapore offers a special rate for lactic acid imports.
Importing US States: Lactic acid is imported into the United States, with a significant portion going to the states of Mississippi, Rhode Island, and West Virginia. These states have industries that rely on lactic acid for various applications, such as food and beverage production, pharmaceuticals, and industrial manufacturing.
Exporting US States: The United States is also a major exporter of lactic acid. While specific data on exporting states is not available, it is likely that lactic acid is exported from various states across the country. The demand for lactic acid in international markets is driven by its wide range of applications and the high quality of the product produced in the United States.
lactic acid, classified under HS Code 29181110, is a valuable chemical compound with diverse applications. Its production, trade, and use are regulated by various tariff preference programs, ensuring fair and equitable treatment for all trading partners. The United States plays a significant role in both importing and exporting lactic acid, contributing to its global trade and availability in numerous industries worldwide.
More on HS code 29181110
