Zinc sulfate is a chemical compound with the HS code 28332945. It is a white, crystalline powder that is commonly used in various industries for its versatile properties. In this article, we will explore the uses, benefits, and trade regulations surrounding zinc sulfate.
Zinc sulfate is primarily used as a dietary supplement, fertilizer, and in the manufacturing of various products. It is a vital source of zinc, an essential micronutrient required for the proper functioning of the human body. Additionally, zinc sulfate is widely utilized in agriculture as a soil additive to correct zinc deficiencies in crops.
When it comes to international trade, the HS code 28332945 is important in classifying and identifying zinc sulfate. This code is used by customs authorities to regulate the import and export of goods. It ensures that the same regulations and duties are applied to similar products across all trading partners.
The bound/MFN (Most Favored Nation) duty rate for zinc sulfate is 1.6%. This means that every time a country reduces trade barriers or opens up its market, it must do so for zinc sulfate from all its trading partners. This creates a fair and level playing field for all countries involved in international trade.
Zinc sulfate enjoys preferential treatment under several special tariff preference programs. These programs offer duty-free treatment or reduced duties for importers and exporters. The following countries and regions have special rates for zinc sulfate:
These special rates aim to promote trade and economic cooperation between countries. Importers and exporters from these countries can benefit from reduced or eliminated duties, making zinc sulfate more affordable and accessible in these markets.
Currently, the United States imports zinc sulfate from various countries, including Alaska. As a vital component in many industries, the demand for zinc sulfate remains high. The special tariff preference programs mentioned earlier have facilitated the import of zinc sulfate into the United States, ensuring a steady supply for industries and consumers.
On the other hand, the exporting of zinc sulfate from the United States to other countries presents opportunities for American businesses to expand their market reach. By leveraging the special tariff preference programs, exporters can take advantage of reduced duties or duty-free treatment in target markets.
zinc sulfate plays a crucial role in various industries, ranging from agriculture to pharmaceuticals. The HS code 28332945 helps regulate the trade of zinc sulfate, ensuring fair and consistent treatment across trading partners. With preferential tariff programs in place, zinc sulfate enjoys duty-free or reduced-duty access to several markets, facilitating international trade and economic cooperation.