Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 28273100: A Comprehensive Guide to Magnesium Chloride

When it comes to international trade and commerce, the Harmonized System (HS) plays a crucial role in categorizing products and facilitating smooth transactions. One such HS code is 28273100, which pertains to Magnesium Chloride. In this article, we will delve into the details of this HS code and explore its various aspects.

Product Description

Magnesium chloride is a chemical compound that consists of one magnesium atom and two chlorine atoms. It is commonly found as a white crystalline solid and is highly soluble in water. This compound is widely used in various industries, including agriculture, construction, and healthcare.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for HS code 28273100 is 1.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate for the import or export of magnesium chloride from all its trading partners. This rate ensures fair and equal treatment for all countries involved in international trade.

Quantity Unit

The quantity unit for HS code 28273100 is kilograms (KG). This unit is commonly used to measure the weight or mass of magnesium chloride during import or export processes. It provides a standardized measurement system that enables accurate calculations and efficient trade operations.

Special Tariff Preference Programs

There are several special tariff preference programs applicable to HS code 28273100, providing certain countries with preferential treatment for the import or export of magnesium chloride. These programs include:

• Generalized System of Preferences (GSP): This program offers duty-free treatment for magnesium chloride imports from eligible countries.
• Australia Special Rate: Australia enjoys a special rate for importing magnesium chloride.
• Bahrain Special Rate: Bahrain benefits from a special rate for importing magnesium chloride.
• NAFTA for Canada: Canada receives duty-free treatment for magnesium chloride imports under the North American Free Trade Agreement.
• Chile Special Rate: Chile has a special rate for importing magnesium chloride.
• Caribbean Basin Initiative (CBI): This program provides duty-free treatment for magnesium chloride imports from eligible Caribbean countries.
• Israel Special Rate: Israel enjoys duty-free treatment for importing magnesium chloride.
• Andean Trade Preference Act (ATPA): This program offers preferential treatment for magnesium chloride imports from eligible Andean countries.
• Jordan Special Rate: Jordan benefits from a special rate for importing magnesium chloride.
• Morocco Special Rate: Morocco has a special rate for importing magnesium chloride.
• NAFTA for Mexico: Mexico receives duty-free treatment for magnesium chloride imports under the North American Free Trade Agreement.
• Oman Special Rate: Oman enjoys a special rate for importing magnesium chloride.
• Dominican Republic-Central American Special Rate (DR-CAFTA): This program provides preferential treatment for magnesium chloride imports from eligible countries in the Dominican Republic and Central America.
• Peru Special Rate: Peru benefits from a special rate for importing magnesium chloride.
• Singapore Special Rate: Singapore has a special rate for importing magnesium chloride.

Importing and Exporting US States

HS code 28273100 is applicable to both importing and exporting activities in the United States. The specific states involved in these processes may vary depending on trade agreements, market demand, and other factors. Some of the notable US states that engage in the import or export of magnesium chloride include California, Texas, Florida, New York, and Illinois.

HS code 28273100 plays a significant role in the international trade of magnesium chloride. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with this code is essential for businesses and individuals involved in the import or export of magnesium chloride. By adhering to the regulations and leveraging the available preferential treatment programs, stakeholders can optimize their trade operations and contribute to the growth of this industry.