Aromatic epoxides, epoxyalcohols, epoxyphenols, and epoxyethers are chemical compounds with a three-membered ring structure. These compounds, classified under HS Code 29109020, find various applications in industries such as pharmaceuticals, coatings, adhesives, and electronics. This article aims to provide an extensive overview of this HS code, its product description, duty rates, quantity units, and special tariff preference programs.
The product description for HS Code 29109020 includes aromatic epoxides, epoxyalcohols, epoxyphenols, and epoxyethers with a three-membered ring structure, along with their derivatives not elsewhere specified (nesoi). These compounds are characterized by the presence of an epoxy group, which is a three-membered ring consisting of two carbon atoms and one oxygen atom.
Aromatic epoxides and their derivatives are widely used in the production of pharmaceutical intermediates, resins, coatings, and specialty chemicals. They possess unique chemical properties that make them valuable in various industrial applications.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29109020 is 5.5%. The MFN principle ensures 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. This duty rate applies to imports of aromatic epoxides and their derivatives from any country unless eligible for special tariff preference programs.
The quantity unit for HS Code 29109020 is kilograms (KG). This unit of measurement is commonly used in international trade to quantify the weight of goods being imported or exported. When dealing with aromatic epoxides and their derivatives, the weight in kilograms provides a standardized measure for trading purposes.
HS Code 29109020 is eligible for several special tariff preference programs, which offer reduced or duty-free rates for imports into the United States. These programs aim to promote trade, economic development, and cooperation with specific countries or regions. The following are some of the special tariff preference programs applicable to this HS code:
These special tariff preference programs aim to enhance trade relationships, provide market access, and support economic growth between the United States and the participating countries or regions.
HS Code 29109020 is relevant for trade between various importing and exporting states within the United States. The specific states involved in the import and export of aromatic epoxides and their derivatives may vary depending on market dynamics, industrial demand, and supply chains. Some of the prominent importing US states may include California, Texas, New York, Illinois, and New Jersey. Similarly, exporting US states may include states with significant chemical manufacturing and production, such as Louisiana, Texas, Ohio, and Pennsylvania.
Being aware of the importing and exporting states helps stakeholders in the supply chain, including manufacturers, distributors, and traders, to identify potential market opportunities and establish trade relationships accordingly.
HS Code 29109020 encompasses aromatic epoxides, epoxyalcohols, epoxyphenols, and epoxyethers with a three-membered ring structure, along with their derivatives. These chemical compounds find widespread applications across industries due to their unique chemical properties. The bound / MFN duty rate for this HS code is 5.5%, unless eligible for special tariff preference programs. The quantity unit for trade is kilograms (KG), providing a standardized measure for imports and exports. Furthermore, several special tariff preference programs offer reduced or duty-free rates for imports into the United States. Importing and exporting states within the US play a crucial role in facilitating trade of these compounds. Understanding the nuances of HS Code 29109020 enables stakeholders to navigate international trade regulations and leverage market opportunities effectively.