When it comes to international trade, the Harmonized System (HS) code plays a crucial role in classifying products. The HS code 29081905 represents a specific product known as 2,2-Bis(4-hydroxyphenyl)-1,1,1,3,3,3-hexafluoropropane. In this article, we will explore this HS code in detail and discuss its implications in global trade.
The product described by HS code 29081905 is 2,2-Bis(4-hydroxyphenyl)-1,1,1,3,3,3-hexafluoropropane. This chemical compound is widely used in various industries, including pharmaceuticals, electronics, and plastics. It is known for its flame-retardant properties, making it suitable for applications where fire safety is crucial.
The bound or most-favored-nation (MFN) duty rate associated with HS code 29081905 is free. This means that countries are not required to impose any import duties when trading this product. Additionally, the MFN duty rate ensures that all trading partners receive equal treatment in terms of trade barriers and market access.
It is important to note that the duty rate can vary depending on the specific country or trade agreement. However, in the case of HS code 29081905, the MFN duty rate remains free for all countries.
The quantity unit for HS code 29081905 is kilograms (KG). This measurement unit is commonly used in international trade to determine the weight of goods being imported or exported.
HS code 29081905 is eligible for various special tariff preference programs, providing additional benefits for countries involved in trade. The following countries and trade agreements offer special rates or duty-free treatment for this product:
These special tariff preference programs aim to promote trade and economic development by reducing or eliminating import duties for specific products. By participating in these programs, countries can benefit from enhanced market access and increased competitiveness.
HS code 29081905 allows the importation of the product into various states in the United States. One of the states where this product can be imported is Arkansas. However, it is important to consult the latest regulations and procedures when importing this product to ensure compliance with state-specific requirements.
HS code 29081905 represents 2,2-Bis(4-hydroxyphenyl)-1,1,1,3,3,3-hexafluoropropane, a versatile chemical compound used in multiple industries. Its classification under this HS code allows for duty-free trade and eligibility for special tariff preference programs. Understanding the HS code and its associated regulations is essential for businesses engaged in international trade.