In the world of international trade, HS codes play a crucial role in classifying and identifying various products. One such HS code is 27075000, which represents Aromatichydrocarbon mixtures derived from the distillation of high-temperature coaltar or with a weight of aromatic compounds greater than non-aromatic compounds. This informative article will delve into the details surrounding HS Code 27075000 and provide a comprehensive understanding of its product description, quantity unit, and special tariff preference programs.
HS Code 27075000 represents a specific type of product - Aromatichydrocarbon mixtures. These mixtures are obtained through the distillation process of high-temperature coaltar or with a higher weight of aromatic compounds compared to non-aromatic compounds. The product must contain at least 65% aromatic compounds by volume, including any losses incurred during the distillation process at 250°C, as per ASTM D 86 standards.
This product description highlights the importance of the presence of aromatic compounds in this specific mixture. Aromatichydrocarbon mixtures find applications in various industries such as petrochemicals, pharmaceuticals, and the production of various chemical compounds. They serve as essential raw materials for the manufacturing of plastics, dyes, solvents, and many other products.
When it comes to international trade, countries often impose trade barriers or tariffs on imported goods to protect their domestic industries. However, the World Trade Organization (WTO) promotes the principles of free trade and equal opportunities by encouraging countries to lower their trade barriers and open up their markets to all trading partners.
HS Code 27075000, like other products, enjoys a bound / MFN (Most Favored Nation) duty rate. This means that every time a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This ensures fair and non-discriminatory treatment to all countries involved in international trade.
HS Code 27075000 is measured and traded in kilograms (KG). The quantity unit indicates the weight of the product being imported or exported. This standardized unit allows for easy measurement and comparison of quantities across different countries and trading partners. It helps in accurate pricing, logistics management, and smooth customs procedures.
Special tariff preference programs are trade agreements or arrangements between countries that provide certain benefits and advantages to specific products or industries. These programs aim to promote trade, economic growth, and development.
While specific information about special tariff preference programs related to HS Code 27075000 is not provided, it is important for importers and exporters to stay updated with the latest trade agreements and preferential schemes. These programs can offer reduced or zero tariffs, simplified customs procedures, and other trade facilitation measures, providing a competitive advantage to businesses involved in the trade of Aromatichydrocarbon mixtures.
HS Code 27075000 has import and export activities in various US states. Importing states include Hawaii and Puerto Rico, indicating a demand for Aromatichydrocarbon mixtures in these regions. On the other hand, several US states engage in exporting this product. These states are Alabama, Colorado, Louisiana, Maryland, Missouri, Montana, Pennsylvania, Utah, Virginia, and West Virginia.
The presence of multiple exporting states highlights the widespread production and availability of Aromatichydrocarbon mixtures within the United States. It also indicates the importance of this product in supporting various industries and meeting domestic and international market demands.
HS Code 27075000 represents Aromatichydrocarbon mixtures derived from the distillation of high-temperature coaltar or with a weight of aromatic compounds greater than non-aromatic compounds. This article has provided a comprehensive understanding of the product description, quantity unit, special tariff preference programs, and importing/exporting US states associated with this HS code. By gaining knowledge about HS codes and their respective products, businesses can effectively navigate international trade and maximize their opportunities in the global market.