The HS Code 29373910 refers to the product Epinephrine hydrochloride. This article aims to provide an extensive understanding of this HS code and its significance in international trade.
Epinephrine hydrochloride is a medication used to treat severe allergic reactions, also known as anaphylaxis. It is commonly administered through injection to quickly alleviate symptoms such as difficulty breathing, low blood pressure, and hives. This pharmaceutical product plays a critical role in saving lives during emergencies.
The bound duty rate for HS Code 29373910 is free. This means that whenever 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, promoting global economic growth and cooperation.
The quantity unit for HS Code 29373910 is grams (GM). This measurement allows for accurate dosage calculations and ensures the safe and effective administration of Epinephrine hydrochloride.
Special tariff preference programs may be available for imports of Epinephrine hydrochloride under HS Code 29373910. These programs are designed to promote trade between specific countries or regions by providing preferential treatment, such as reduced or eliminated tariffs. Although specific programs are not mentioned in the provided data, it is crucial for importers and exporters to stay updated on any applicable preferential trade agreements that could benefit the trade of this product.
According to the given data, the following US states are involved in the import and export of Epinephrine hydrochloride:
North Carolina is identified as an importing state, indicating that it receives shipments of Epinephrine hydrochloride. On the other hand, Puerto Rico and Indiana are exporting states, suggesting that they produce or distribute this medication to other regions.
It is worth noting that Puerto Rico appears multiple times as an exporting state. This could imply that it has a significant pharmaceutical industry and plays a crucial role in the global supply chain of Epinephrine hydrochloride.
The HS Code 29373910, which represents Epinephrine hydrochloride, is a vital product in the healthcare industry. Its ability to treat severe allergic reactions and save lives makes it indispensable. Understanding the HS code and its associated information, such as duty rates, quantity units, and special tariff preference programs, is crucial for importers, exporters, and regulatory authorities to ensure smooth international trade. Furthermore, recognizing the involvement of specific US states, such as North Carolina, Puerto Rico, and Indiana, provides insights into the distribution network and economic significance of Epinephrine hydrochloride.