Harmonized System Codes • Schedule B • Harmonized Commodity Description

The Importance of HS Code 32041704 in International Trade

HS Code 32041704 refers to pigments and preparations based on pigment black 1, as well as other specified pigments not elsewhere specified or included (nesoi). This HS code plays a significant role in international trade as it categorizes and classifies these specific products, allowing for easier identification and regulation.

One key aspect to note about HS Code 32041704 is the bound / MFN duty rate of 6.5%. This means 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 provision ensures fair and equal treatment for all countries involved in international trade.

The quantity unit for products classified under HS Code 32041704 is kilograms (KG). This measurement allows for standardized and consistent trade transactions, making it easier for importers and exporters to calculate quantities and costs.

Furthermore, HS Code 32041704 is eligible for various special tariff preference programs. These programs provide certain countries with favorable treatment when importing or exporting products classified under this HS code. Some of these programs include:

• Free trade for imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading, which grants duty-free treatment
• Australia Special Rate
• Bahrain Special Rate
• North American Free Trade Agreement (NAFTA) for Canada, which provides duty-free treatment
• Chile Special Rate
• Africa Growth and Opportunity Act (AGOA), offering duty-free treatment
• Caribbean Basin Initiative (CBI)
• Israel Special Rate, granting duty-free treatment
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Morocco Special Rate
• NAFTA for Mexico
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate

These special tariff preference programs aim to promote economic growth, reduce trade barriers, and foster mutually beneficial relationships between countries. By providing duty-free or preferential treatment, they encourage increased trade activities and help boost the economies of participating nations.

In terms of importing and exporting, HS Code 32041704 applies to both the importing and exporting US states. This means that regardless of whether a product is being imported or exported, as long as it falls under the classification of HS Code 32041704, the relevant regulations and duties associated with this code must be adhered to.

HS Code 32041704 is an important classification for pigments and preparations based on pigment black 1, as well as other specified pigments. Its inclusion in international trade facilitates proper categorization, regulation, and fair treatment for all countries involved. Understanding the specific details and implications of this HS code is crucial for importers, exporters, and trade authorities to ensure smooth and compliant trade transactions.