When it comes to international trade, having a clear understanding of product codes is essential. The HS Code 29189918 refers to a specific set of chemicals: 4-(4-Chloro-2-methyl-phenoxy)butyric acid, p-chlorophenoxyacetic acid, and 2-(2,4-dichlorophenoxy)propionic acid. In this article, we will delve into the details of this HS code, exploring its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
These chemicals are used in various industries, including agriculture, pharmaceuticals, and research. They have unique properties and applications, making them valuable commodities in international trade.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29189918 is 6.5%. This rate represents the duty applied to the goods every time a country lowers a trade barrier or opens up a market. It ensures that the same goods or services receive consistent treatment from all trading partners of a country.
Trade barriers can include tariffs, quotas, or other restrictions that countries impose on imports. By having a bound duty rate, countries commit to treating all trading partners equally, fostering fair and transparent trade practices.
The quantity unit for HS Code 29189918 is kilograms (KG). This unit of measurement is widely used in international trade to quantify the amount of goods being imported or exported. It provides a standardized measure that is easily understood and used across different countries and markets.
HS Code 29189918 is eligible for various special tariff preference programs that offer reduced or duty-free treatment. These programs incentivize trade and promote economic cooperation between countries. Here are some of the programs applicable to this HS code:
These special tariff preference programs aim to reduce trade barriers and facilitate the exchange of goods between countries. They create opportunities for businesses to expand their markets and foster economic growth.
When it comes to HS Code 29189918, the importing US states are:
These states are actively involved in importing these chemicals, highlighting their importance in various industries within these regions.
While the exporting US states for HS Code 29189918 are not specified, it is important to note that the exchange of these chemicals contributes to the overall trade balance of the United States.
HS Code 29189918 encompasses three important chemicals: 4-(4-Chloro-2-methyl-phenoxy)butyric acid, p-chlorophenoxyacetic acid, and 2-(2,4-dichlorophenoxy)propionic acid. Understanding the details of this HS code, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states, is crucial for businesses and policymakers involved in international trade. By having comprehensive knowledge of these codes, stakeholders can navigate the complex world of global trade more effectively and make informed decisions.