Malic acid is a chemical compound commonly used in various industries, including food and pharmaceuticals. It falls under the HS Code 29181960. In this comprehensive article, we will explore the properties, uses, and trade regulations associated with malic acid.
Malic acid is a dicarboxylic acid with the chemical formula C4H6O5. It is a white crystalline powder that is highly soluble in water. The acid has a tart taste and is commonly found in fruits such as apples and grapes. It is widely used as a food additive to enhance flavors, adjust acidity, and act as a preservative.
The HS Code 29181960 specifically refers to malic acid. HS codes are an internationally recognized system for classifying traded products. They ensure uniformity and facilitate trade by providing a standardized code for each product. The code 29181960 helps customs authorities and traders identify and classify malic acid accurately.
It is important to note that the HS code 29181960 is used globally and is not specific to any particular country or region. However, different countries may have varying regulations and duty rates for importing and exporting malic acid.
When it comes to international trade, countries often have trade barriers and market restrictions in place. The MFN (Most Favored Nation) principle states that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The bound/MFN duty rate for malic acid is 4%. This means that countries should apply a 4% duty rate when importing or exporting malic acid, unless they have a special tariff preference program in place.
Several countries have special tariff preference programs that provide preferential treatment for malic acid imports. These programs allow for reduced or duty-free rates, promoting trade between participating countries. The following countries have special tariff preference programs for malic acid:
These special tariff preference programs aim to promote trade, strengthen economic ties, and provide benefits to participating countries.
While the HS Code 29181960 is applicable globally, it is important to consider specific regulations and restrictions based on the importing and exporting countries. In the case of the United States, the following states are known for importing malic acid:
These states have a significant demand for malic acid and serve as important importers within the United States.
It is worth noting that the exporting states within the United States may vary, as malic acid production and distribution can occur in multiple regions.
Malic acid, classified under the HS Code 29181960, is a versatile chemical compound with various applications. Its widespread use in food and pharmaceutical industries makes it a valuable product in international trade. Understanding the trade regulations, special tariff preference programs, and specific importing and exporting states is crucial for businesses involved in the global malic acid market.
By adhering to the HS code system and staying updated on trade regulations, businesses can navigate the complexities of international trade effectively and ensure smooth transactions of malic acid.