Epoxide resins in primary forms fall under HS Code 39073000, which is used to classify and track the import and export of this particular product. HS codes are an essential part of international trade, as they provide a standardized system for categorizing and identifying goods. In this article, we will explore the significance of HS Code 39073000 and its implications for trade and commerce.
Epoxide resins in primary forms refer to a specific type of resin that is widely used in various industries. These resins are characterized by their high strength, durability, and excellent adhesive properties. They are commonly used in the production of coatings, adhesives, electrical insulators, and composites. HS Code 39073000 covers the primary forms of epoxide resins, which include liquid, solid, and powdered forms.
The bound / MFN duty rate for HS Code 39073000 is 6.1%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate to epoxide resins in primary forms from all its trading partners. This rate ensures fair and equal treatment for all countries involved in the trade of this product.
The quantity unit for HS Code 39073000 is kilograms (KG). This unit of measurement is used to determine the weight of epoxide resins in primary forms during import and export transactions. It allows for accurate tracking and calculation of the quantity of this product being traded between countries.
HS Code 39073000 is eligible for various special tariff preference programs, which provide certain countries with duty-free treatment. These programs aim to promote trade and economic cooperation between participating nations. The countries that enjoy special tariff rates for epoxide resins in primary forms include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Morocco, Mexico (under NAFTA), Oman, the Dominican Republic, Peru, and Singapore.
When it comes to the import and export of epoxide resins in primary forms under HS Code 39073000, certain US states play a significant role. Delaware is the primary importing state for this product, accounting for multiple shipments. On the other hand, Arkansas, Kentucky, Louisiana, Texas, Rhode Island, and West Virginia are the main exporting states. These states facilitate the flow of epoxide resins in primary forms both within the US and internationally.
HS Code 39073000 is crucial for the classification and tracking of epoxide resins in primary forms in international trade. This code ensures fair trade practices and promotes economic cooperation among countries. Understanding the significance of HS codes and their specific applications can help businesses navigate the complexities of global trade and take advantage of special tariff preference programs.