When it comes to international trade, HS codes play a crucial role in identifying and classifying products. HS Code 29071510 specifically refers to alpha-Naphthol, a chemical compound with various applications. In this article, we will explore the significance of this HS code and delve into its product description, duty rates, quantity unit, and special tariff preference programs.
Alpha-Naphthol, classified under HS Code 29071510, is an organic compound derived from naphthalene. It is a white crystalline solid with a distinctive odor. This chemical is widely used in the production of dyes, pigments, and antioxidants. Its versatile nature also makes it a key ingredient in the manufacture of pharmaceuticals, rubber products, and agrochemicals.
The bound duty rate for HS Code 29071510 is 5.5%. Bound duty rates are the maximum rates agreed upon by countries in international trade agreements. These rates ensure that all trading partners are treated equally when it comes to trade barriers and market access. It is important to note that the actual duty rate may vary depending on specific trade agreements and preferences.
The quantity unit for the import and export of alpha-Naphthol is kilograms (KG). This standard unit of measurement ensures consistency and clarity in international trade transactions. Importers and exporters must accurately declare the quantity of alpha-Naphthol being traded to comply with customs regulations.
HS Code 29071510, alpha-Naphthol, is eligible for various special tariff preference programs. These programs offer preferential treatment in terms of duty rates to promote trade and economic cooperation between countries. Here are some notable programs for alpha-Naphthol:
These special tariff preference programs aim to foster trade relationships and encourage the use of alpha-Naphthol in various industries. Importers and exporters can take advantage of these programs to benefit from reduced duty rates and enhance their competitiveness in the global market.
Alpha-Naphthol, classified under HS Code 29071510, is imported and exported by various US states. The import and export data for alpha-Naphthol provides insights into the trading patterns and preferences of different regions within the United States.
While the specific importing and exporting states for alpha-Naphthol are not mentioned in the provided data, it is essential for businesses and policymakers to analyze this information to identify potential markets and trading opportunities. Understanding the demand and supply dynamics of alpha-Naphthol across different states can help optimize trade strategies and foster economic growth.
HS Code 29071510 plays a vital role in the international trade of alpha-Naphthol. This article has highlighted the product description, duty rates, quantity unit, and special tariff preference programs associated with this HS code. By understanding and leveraging the information provided by HS codes, businesses and policymakers can navigate the complexities of global trade and unlock new opportunities for growth and development.