The HS Code 29034700 refers to a specific category of chemical compounds known as Other perhalogenated acyclic hydrocarbon derivatives, nesoi. This code is used to classify and regulate the import and export of these substances in international trade.
When it comes to trade barriers and market openings, the Bound / MFN duty rate for HS Code 29034700 is set at 3.7%. This means 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 quantity unit for HS Code 29034700 is measured in kilograms (KG). This unit is used to determine the amount of the substance being imported or exported.
Additionally, there are special tariff preference programs in place for HS Code 29034700. These programs provide certain countries with preferential treatment, allowing them to import or export the goods under this code duty-free. The countries currently enjoying this special treatment include:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and these countries, encouraging the exchange of goods and services.
When it comes to importing, the United States receives HS Code 29034700 mainly from the state of Louisiana. This indicates that Louisiana is a significant player in the import of Other perhalogenated acyclic hydrocarbon derivatives.
Overall, HS Code 29034700 plays a crucial role in regulating and facilitating the international trade of Other perhalogenated acyclic hydrocarbon derivatives. It provides a standardized system for classifying these substances and ensures fair competition among trading partners. The special tariff preference programs further enhance trade relationships between the United States and specific countries, promoting economic growth and cooperation.