Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 30031000: Medicaments Containing Penicillins or Streptomycins

Medicaments are an essential part of healthcare, and they play a crucial role in treating various illnesses and diseases. The HS Code 30031000 specifically refers to medicaments containing penicillins or streptomycins that are not in the dosage form and are not packed for retail.

When it comes to international trade, countries often have different trade barriers and regulations in place. However, the concept of Most Favored Nation (MFN) duty rates ensures 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 means that the bound or MFN duty rate for HS Code 30031000 is free, allowing for easier trade and access to these medicaments.

The quantity unit for HS Code 30031000 is measured in kilograms (KG). This unit of measurement helps in determining the quantity and value of the medicaments being imported or exported.

Special Tariff Preference Programs

Various countries have special tariff preference programs in place to promote trade and provide certain benefits to specific trading partners. For HS Code 30031000, the following special tariff preference programs apply:

• Generalized System of Preferences (GSP) - This program offers duty-free treatment for eligible countries.
• Australia Special Rate - Australia enjoys a special rate for importing medicaments under this HS Code.
• Bahrain Special Rate - Bahrain also benefits from a specific tariff rate for these medicaments.
• NAFTA for Canada - Under the North American Free Trade Agreement (NAFTA), Canada receives duty-free treatment for medicaments containing penicillins or streptomycins.
• Chile Special Rate - Chile has a special tariff rate for these medicaments.
• Caribbean Basin Initiative (CBI) - Countries within the Caribbean Basin enjoy duty-free treatment for importing medicaments under this HS Code.
• Israel Special Rate - Israel receives duty-free treatment for medicaments containing penicillins or streptomycins.
• Andean Trade Preference Act (ATPA) - Countries in the Andean region benefit from a specific tariff rate for these medicaments.
• Jordan Special Rate - Jordan enjoys a specific tariff rate for importing medicaments under this HS Code.
• Agreement on Trade in Pharmaceutical Products - This agreement provides duty-free treatment for trade in pharmaceutical products, including medicaments containing penicillins or streptomycins.
• Morocco Special Rate - Morocco has a specific tariff rate for these medicaments.
• NAFTA for Mexico - Similar to Canada, Mexico receives duty-free treatment for medicaments under the NAFTA agreement.
• Oman Special Rate - Oman benefits from a specific tariff rate for importing these medicaments.
• Dominican Republic-Central American Special Rate (DR-CAFTA) - Countries within the DR-CAFTA agreement enjoy duty-free treatment for importing medicaments.
• Peru Special Rate - Peru has a specific tariff rate for these medicaments.
• Singapore Special Rate - Singapore enjoys a specific tariff rate for importing medicaments under this HS Code.

Importing and Exporting US States

HS Code 30031000 is also relevant for trade within the United States. The following states are involved in importing and exporting medicaments containing penicillins or streptomycins:

Importing US States:

• Puerto Rico
• Pennsylvania
• Wisconsin
• Indiana
• Texas

Exporting US States:

• Puerto Rico
• Indiana
• North Carolina
• Pennsylvania
• Maine
• Missouri
• Nebraska
• Montana
• New York
• Wisconsin

The involvement of these states in both importing and exporting these medicaments highlights the importance of the pharmaceutical industry in promoting healthcare and economic growth.

HS Code 30031000 covers medicaments containing penicillins or streptomycins that are not in the dosage form and are not packed for retail. The free bound or MFN duty rate, along with various special tariff preference programs, facilitates international trade in these medicaments. Additionally, the involvement of multiple US states in importing and exporting highlights the significance of the pharmaceutical industry in promoting healthcare and economic development.