The HS Code 29041050 refers to a specific category of products in international trade. These products are nonaromatic derivatives of hydrocarbons that contain only sulfo groups, including their salts and ethyl esters. This code is used to classify and regulate the import and export of these products across different countries.
When it comes to trade barriers and market openings, the MFN (Most Favored Nation) duty rate for this HS code is set at 4.2%. This means that every time a country lowers a trade barrier or opens up its market, it must apply the same duty rate for the import of these products from all its trading partners.
The quantity unit for this HS code is kilograms (KG). This unit is used to measure the weight or quantity of the products being imported or exported.
There are also special tariff preference programs available for this HS code. These programs provide certain countries with favorable treatment or exemptions from import duties. The following countries have special tariff preference programs for the HS Code 29041050:
In addition to these general duty-free treatments, there are specific special rates for certain countries:
The HS Code 29041050 is used to facilitate the import and export of nonaromatic derivatives of hydrocarbons containing sulfo groups. It ensures that these products are properly classified and regulated, allowing for fair and transparent international trade.
Importing and exporting US states may vary when it comes to the HS Code 29041050. It is important for businesses and traders to be aware of the specific regulations and requirements set by each state when dealing with these products. Compliance with these regulations is crucial to avoid any legal issues or trade barriers.