When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in classifying products for customs and regulatory purposes. In this article, we will delve into the details of HS Code 29396200, which specifically covers Ergotamine and its salts. We will explore its product description, quantity unit, and special tariff preference programs. Additionally, we will examine the importing and exporting states in the United States related to this HS Code.
Ergotamine is a medication primarily used to treat migraines and cluster headaches. It belongs to the class of ergot alkaloids, which are derived from the fungus Claviceps purpurea that grows on rye and other grains. Ergotamine works by constricting blood vessels in the brain, thereby relieving the intense pain associated with migraines.
Under HS Code 29396200, Ergotamine and its salts are specifically classified. This includes various forms and derivatives of ergotamine, such as ergotamine tartrate and ergotamine hydrogenated.
The bound or most-favored-nation (MFN) duty rate for products classified under HS Code 29396200 is free. This means that countries must eliminate trade barriers and open their markets for Ergotamine and its salts without imposing any duties or tariffs. The principle of MFN treatment ensures that all trading partners receive the same treatment for the same goods or services.
By implementing a duty-free policy, countries promote the accessibility and affordability of Ergotamine and its salts for consumers and healthcare providers. It encourages international cooperation and eliminates unnecessary trade restrictions.
The quantity unit for Ergotamine and its salts under HS Code 29396200 is kilograms (KG). This measurement allows for accurate and standardized trade transactions. It enables importers and exporters to efficiently estimate the amount of product involved, facilitating smooth logistics and supply chain management.
HS Code 29396200 is eligible for various special tariff preference programs, which provide additional benefits and exemptions for importing and exporting countries. The following programs are applicable for Ergotamine and its salts:
These special rates and preferences aim to foster economic cooperation, stimulate trade, and support the pharmaceutical industry's growth and accessibility to essential medications.
For Ergotamine and its salts classified under HS Code 29396200, the following US states are involved in importing and exporting:
The involvement of these states demonstrates the demand for Ergotamine and its salts within the United States and its international trade relations.
HS Code 29396200 encompasses Ergotamine and its salts, which are vital medications for treating migraines and cluster headaches. Understanding the details of this HS Code, including its product description, duty rates, quantity unit, and special tariff preference programs, enables smoother international trade and ensures the accessibility of these essential pharmaceutical products.