The HS Code 29304000 refers to the product Methionine. Methionine is an essential amino acid that is used in various industries, including pharmaceuticals, animal feed, and food additives. In this article, we will explore the details of this HS Code and its significance in international trade.
Methionine is a sulfur-containing amino acid that is necessary for the synthesis of proteins in living organisms. It plays a crucial role in various biological processes, including metabolism, detoxification, and cell growth. Methionine is widely used in the production of pharmaceuticals, animal feed, and food additives.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29304000 is Free. This means that there are no import duties imposed on Methionine. It is important to note that whenever 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 principle of non-discrimination ensures fair trade practices.
The quantity unit for Methionine is kilograms (KG). This means that the product is measured and traded in terms of weight.
Methionine enjoys special tariff preference programs in various countries. The following countries provide duty-free treatment for imports of Methionine:
These special tariff preference programs enable the importation of Methionine at reduced or zero tariff rates, promoting trade and economic cooperation between countries.
The importation and exportation of Methionine occur between various US states. The specific states involved in these trade activities may vary depending on market demands, production capabilities, and logistical considerations. Some of the notable importing and exporting US states for Methionine include:
These states serve as major hubs for the distribution and trade of Methionine within the United States.
HS Code 29304000 represents Methionine, an essential amino acid used in pharmaceuticals, animal feed, and food additives. It enjoys duty-free treatment in several countries through special tariff preference programs. The importation and exportation of Methionine occur between various US states, contributing to the global trade of this important product.