The HS Code 29181151 refers to salts and esters of lactic acid. Lactic acid is a naturally occurring organic acid that is found in various foods and is also produced by the human body during metabolism. It is commonly used in the food and cosmetic industries as an acidulant, flavoring agent, and preservative.
The HS Code is an internationally recognized system for classifying and categorizing traded products. It is used by customs authorities to determine the duties and taxes that need to be paid for importing or exporting goods. Each HS Code is unique to a specific product or group of products.
When importing salts and esters of lactic acid into the United States, the bound or most favored nation (MFN) duty rate is 3.4%. 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.
The quantity unit for measuring salts and esters of lactic acid is kilograms (KG). This unit is used to determine the weight or quantity of the product being imported or exported.
There are several special tariff preference programs that offer duty-free treatment for salts and esters of lactic acid. These programs include the Generalized System of Preferences (GSP), which provides duty-free treatment for eligible products from certain developing countries. The countries that offer duty-free treatment for salts and esters of lactic acid under the GSP program include Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Jordan, South Korea, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States.
In the United States, the importing states for salts and esters of lactic acid include Mississippi, Rhode Island, and West Virginia. These states have a demand for the product and import it from other countries to meet their requirements.
On the other hand, the exporting states for salts and esters of lactic acid are not specified in the provided data. However, it can be assumed that countries that have a surplus production of lactic acid and its derivatives may export them to meet the demands of other countries.
the HS Code 29181151 represents salts and esters of lactic acid. The code is used for classifying and categorizing these products for import and export purposes. It is important to consider the duty rates, quantity units, and special tariff preference programs associated with this HS Code when engaging in international trade of salts and esters of lactic acid.