When it comes to international trade, there are various codes and regulations in place to ensure smooth and fair transactions between countries. One such code is the HS code, which stands for Harmonized System code. Each product is assigned a unique HS code that helps in identifying and classifying it for trade purposes. In this article, we will be discussing HS code 29033920, which pertains to fluorinated, brominated, or iodinated derivatives of acyclic hydrocarbons.
The product description of HS code 29033920 specifies that it covers derivatives of acyclic hydrocarbons that have been fluorinated, brominated, or iodinated. This code is used to classify and track these specific types of products in international trade.
It is important to note that the bound or most-favored-nation (MFN) duty rate for HS code 29033920 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate applies to the import and export of products classified under this HS code.
The quantity unit for HS code 29033920 is kilograms (KG). This unit of measurement helps in determining the weight of the products being imported or exported under this code.
There are also special tariff preference programs in place for products classified under HS code 29033920. These programs provide certain countries with preferential treatment or exemptions from import duties. The following countries enjoy special tariff preferences for this HS code:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved by providing them with certain advantages in the form of reduced or exempted import duties.
Finally, let's take a look at the importing and exporting US states for products classified under HS code 29033920. According to the available data, Louisiana is both an importing and exporting state for this specific HS code.
HS code 29033920 covers fluorinated, brominated, or iodinated derivatives of acyclic hydrocarbons. It is important for businesses involved in international trade to be aware of this HS code and its associated regulations, including the duty rate, quantity unit, and special tariff preference programs. Understanding and complying with these regulations can help facilitate smooth and cost-effective trade transactions.