Triammonium phosphate is a chemical compound that falls under HS Code 28352920. In this article, we will delve into the details of this product, its description, associated duty rates, quantity units, and special tariff preference programs. Let's explore the world of Triammonium phosphate and understand its significance in international trade.
Triammonium phosphate, also known as TAP, is a white crystalline powder with the chemical formula (NH4)3PO4. It is composed of three ammonium ions (NH4+) and one phosphate ion (PO43-). This compound is widely used in the agricultural industry as a fertilizer due to its high phosphorus content. It provides plants with essential nutrients, promoting healthy growth and increasing crop yields.
The bound or most-favored-nation (MFN) duty rate for Triammonium phosphate is 1.5%. This rate implies 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. The MFN principle ensures non-discriminatory treatment among trading nations, promoting fair and equal opportunities in global trade.
The quantity unit for Triammonium phosphate is kilograms (KG). This unit of measurement is widely used in international trade to determine the weight or mass of goods being imported or exported. It allows for easy calculation, standardization, and comparability of quantities across different countries and trading partners.
Triammonium phosphate benefits from various special tariff preference programs, providing favorable treatment in specific markets. The following are the countries and programs that offer preferential tariffs for this product:
These special tariff preference programs aim to promote trade, foster economic development, and strengthen partnerships between countries. They offer advantages to importers and exporters of Triammonium phosphate, making it more competitive in international markets.
Triammonium phosphate is imported and exported by various US states. The specific states involved in the trade of this product may vary depending on market demands, agricultural needs, and manufacturing capabilities. However, some notable importing states include California, Texas, Florida, Illinois, and New York. Similarly, exporting states may include Iowa, Nebraska, Minnesota, Kansas, and Missouri.
HS Code 28352920 represents Triammonium phosphate, a crucial compound used in agriculture as a fertilizer. This article has provided an extensive overview of the product, its description, duty rates, quantity units, and special tariff preference programs. Understanding the significance of this HS code is essential for importers, exporters, and stakeholders involved in the global trade of Triammonium phosphate.