Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29225007: A Comprehensive Guide

When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products. In this article, we will explore HS Code 29225007 and delve into its product description, duty rates, quantity units, and special tariff preference programs.

Product Description

HS Code 29225007 encompasses various aromatic chemicals, including 3,4-Diaminophenetole dihydrogen sulfate, 2-nitro-5-[(2,3-dihydroxy)propoxy]-N-methylaniline, and other specified aromatic chemicals. These chemicals are used in various industries, such as pharmaceuticals, cosmetics, and dyes.

Duty Rates

Under the Most Favored Nation (MFN) principle, the bound duty rate for HS Code 29225007 is free. This means 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. This encourages fair and equal trade practices among nations.

Quantity Unit

The quantity unit for HS Code 29225007 is kilograms (KG). This unit of measurement is widely used in international trade to determine the weight of goods being imported or exported.

Special Tariff Preference Programs

HS Code 29225007 is eligible for several special tariff preference programs, which provide countries with certain benefits and exemptions. Some of these programs include:

• Generalized System of Preferences (GSP) - Offers duty-free treatment
• Australia Special Rate - Provides special tariff rates
• Bahrain Special Rate - Grants special tariff rates
• NAFTA for Canada - Duty-free treatment under the North American Free Trade Agreement
• Chile Special Rate - Offers special tariff rates
• Caribbean Basin Initiative (CBI) - Provides duty-free treatment
• Israel Special Rate - Grants duty-free treatment
• Andean Trade Preference Act (ATPA) - Offers duty-free treatment
• Jordan Special Rate - Provides special tariff rates
• Agreement on Trade in Pharmaceutical Products - Duty-free treatment for pharmaceuticals
• Morocco Special Rate - Grants special tariff rates
• NAFTA for Mexico - Duty-free treatment under the North American Free Trade Agreement
• Oman Special Rate - Provides special tariff rates
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Offers special tariff rates
• Peru Special Rate - Grants special tariff rates
• Singapore Special Rate - Provides special tariff rates

These special tariff preference programs aim to promote trade relations, incentivize economic growth, and foster cooperation among participating countries.

Importing and Exporting US States

While the data provided does not specify the exporting US states for HS Code 29225007, it does mention that Puerto Rico is an importing state. This indicates that Puerto Rico is a significant destination for products classified under this HS Code. Additionally, it is important to note that North Carolina is also mentioned as an importing state.

Understanding the intricacies of HS Code 29225007 is essential for businesses engaged in international trade. By familiarizing themselves with the product description, duty rates, quantity units, and special tariff preference programs, importers and exporters can navigate the global market more efficiently and take advantage of the available benefits.