The HS Code 29241200 refers to the product description of Fluoroacetamide (ISO), monocrotophos (ISO), and phosphamidon (ISO). It is important to understand this code as it is used for international trade purposes to classify and identify specific goods.
The bound / MFN duty rate for this HS Code is 3.7%. 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 trade practices among countries.
The quantity unit for this HS Code is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the product being imported or exported.
There are several special tariff preference programs associated with this HS Code. These programs offer specific benefits and exemptions to certain countries. The following countries enjoy free trade under these programs: Australia (A), Austria (AU), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), South Korea (K), Morocco (MA), Mexico (MX), Oman (OM), Panama (P), Peru (PE), Singapore (SG).
Some of the special tariff preference programs include the Generalized System of Preferences (GSP), which provides duty-free treatment, and the NAFTA agreement for Canada and Mexico, which also offers duty-free treatment. Other programs such as the Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), Agreement on Trade in Pharmaceutical Products, and the Dominican Republic-Central American Special Rate (DR-CAFTA) provide special rates and exemptions for specific countries.
When it comes to importing this product into the United States, the data shows that Puerto Rico is the main importing state. It is important to note that Puerto Rico is listed multiple times, indicating a high volume of imports. Additionally, North Carolina is also listed as an importing state.
Overall, understanding the HS Code 29241200 is crucial for anyone involved in international trade. It helps in classifying and identifying the specific product, determining the duty rates, and identifying the special tariff preference programs that may offer benefits and exemptions to certain countries.