HS Code 28352400: A Comprehensive Guide to Potassium Phosphate
Potassium phosphate, classified under HS Code 28352400, is a chemical compound that is widely used in various industries. In this article, we will delve into the details of this product, its uses, and the relevant trade information associated with it.
Product Description: Potassium phosphate is a compound consisting of potassium and phosphate ions. It is primarily used as a fertilizer, food additive, and in the pharmaceutical industry. This versatile compound plays a crucial role in numerous applications due to its unique properties.
Bound / MFN Duty Rate: The bound or Most Favored Nation (MFN) duty rate for HS Code 28352400 is 3.1%. This means that every time a country reduces trade barriers or opens up its market, it must do so for all its trading partners regarding the same goods or services, including potassium phosphate.
Quantity Unit: The quantity unit for potassium phosphate is measured in kilograms (KG). This standardized unit helps facilitate international trade and ensures accurate measurement for importers and exporters.
Special Tariff Preference Programs: Potassium phosphate is eligible for various special tariff preference programs, which provide certain countries with preferential treatment in terms of duty rates. The following countries enjoy tariff preferences for potassium phosphate under HS Code 28352400:
- Free Trade: Generalized System of Preferences (GSP) provides duty-free treatment for potassium phosphate.
- Australia: Australia has a special rate for potassium phosphate under the GSP.
- Bahrain: Bahrain has a special rate for potassium phosphate under the GSP.
- Canada: NAFTA provides duty-free treatment for potassium phosphate imported from Canada.
- Chile: Chile has a special rate for potassium phosphate under the GSP.
- Caribbean Basin Initiative (CBI): Potassium phosphate qualifies for duty-free treatment under the CBI program.
- Israel: Israel has a special rate for potassium phosphate under the GSP.
- Andean Trade Preference Act (ATPA): Potassium phosphate enjoys preferential treatment under the ATPA.
- Jordan: Jordan has a special rate for potassium phosphate under the GSP.
- Morocco: Morocco has a special rate for potassium phosphate under the GSP.
- Mexico: NAFTA provides duty-free treatment for potassium phosphate imported from Mexico.
- Oman: Oman has a special rate for potassium phosphate under the GSP.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Potassium phosphate qualifies for preferential treatment under the DR-CAFTA.
- Peru: Peru has a special rate for potassium phosphate under the GSP.
- Singapore: Singapore has a special rate for potassium phosphate under the GSP.
Importing US States: Potassium phosphate is imported to various states in the United States. One of the states that imports this chemical compound is Alaska. Importers in Alaska can benefit from the special tariff preference programs available for potassium phosphate under HS Code 28352400.
Exporting US States: The data provided does not specify the exporting states within the United States for potassium phosphate under HS Code 28352400. However, it is worth noting that the United States is a significant exporter of various chemicals and chemical compounds, including potassium phosphate.
HS Code 28352400 represents potassium phosphate, a valuable chemical compound used in multiple industries. Its uses range from fertilizers to food additives and pharmaceutical applications. Understanding the relevant trade information, such as duty rates and special tariff preference programs, is crucial for importers and exporters dealing with potassium phosphate.
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