Barium, a chemical element with the symbol Ba and atomic number 56, plays a vital role in various industries, including healthcare, electronics, and manufacturing. Its unique properties make it a sought-after material, and understanding its trade regulations is crucial for businesses engaged in importing and exporting activities. In this comprehensive article, we will delve into the details of HS Code 28051920, which specifically pertains to Barium.
The HS Code 28051920 corresponds to Barium in its various forms. Barium, as a chemical element, is commonly available in the form of compounds such as barium sulfate (BaSO4) and barium carbonate (BaCO3). These compounds find extensive use in industries such as oil and gas, paints and coatings, glass manufacturing, and pharmaceuticals.
The Bound / MFN (Most Favored Nation) duty rate for HS Code 28051920 is free. 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 duty rate encourages free trade and ensures fair treatment for all countries involved in the import and export of Barium.
The quantity unit for HS Code 28051920 is kilograms (KG). This unit of measurement provides a standardized and universal way to quantify the amount of Barium being imported or exported. It allows businesses and customs authorities to accurately track and record the quantity of Barium involved in trade transactions.
Special tariff preference programs may exist for the import and export of Barium under HS Code 28051920. These programs are designed to promote trade between specific countries or regions by providing preferential treatment in terms of customs duties or other trade barriers. Examples of such programs include Free Trade Agreements (FTAs) or Regional Trade Agreements (RTAs). It is essential for businesses to explore and take advantage of these programs to enhance their competitiveness in the global market.
The United States is a significant player in the global trade of Barium. While Barium can be imported and exported from various states within the US, some states have a higher concentration of importers and exporters. Notable importing states include California, Texas, and New York, while exporting states include Ohio, Illinois, and Pennsylvania. These states often have well-established infrastructure and trading networks, making them key hubs for Barium trade.
HS Code 28051920 pertains to Barium and encompasses its various forms and compounds. Understanding the regulations and nuances associated with importing and exporting Barium is crucial for businesses involved in this trade. By leveraging the knowledge provided in this article, businesses can navigate the complex world of Barium trade and maximize their opportunities in the global market.