When it comes to international trade, the Harmonized System (HS) Code plays a crucial role in identifying and classifying products. HS Code 28401100 specifically refers to anhydrous disodium tetraborate, commonly known as refined borax. Let's delve into the details of this product and explore its significance in global commerce.
Anhydrous disodium tetraborate, or refined borax, is a chemical compound widely used in various industries due to its versatile properties. It is a white, crystalline powder that dissolves easily in water. Refined borax is typically used as a flux in metallurgy, a buffering agent in chemical laboratories, a cleaning agent in household products, and a component in the production of ceramics and glass.
The bound or Most Favored Nation (MFN) duty rate for HS Code 28401100 is 0.3%. This duty rate is applicable whenever a country lowers a trade barrier or opens up a market, ensuring that the same goods or services receive equal treatment from all trading partners. The 0.3% duty rate ensures a standardized approach to international trade for refined borax.
The quantity unit for HS Code 28401100 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported. It provides a standardized method of assessing the quantity of refined borax during cross-border transactions.
Several special tariff preference programs are available for HS Code 28401100, offering specific benefits and exemptions to certain countries. These programs aim to promote trade, economic growth, and development among trading partners. The following countries enjoy special tariff rates or duty-free treatment for the importation of refined borax:
These special tariff preference programs encourage trade cooperation and provide economic advantages to both importing and exporting countries. They facilitate the smooth flow of refined borax across borders, promoting international commerce.
While HS Code 28401100 is applicable to various states within the United States, the data provided specifically highlights the importing and exporting states related to this product:
These states play a significant role in the importation and exportation of refined borax, contributing to the overall trade dynamics within the United States.
HS Code 28401100, representing anhydrous disodium tetraborate (refined borax), is a vital component of global trade. Its versatile applications, combined with the special tariff preference programs and standardized duty rates, ensure a smooth and efficient international trade process. Understanding the HS Code system and its implications is essential for businesses and policymakers involved in cross-border commerce.