Camphor is a highly versatile and widely used natural product that falls under HS Code 29142110. This article aims to provide an educational overview of camphor, its product description, quantity unit, and special tariff preference programs. It will also highlight the importing and exporting US states for this product.
Natural camphor, classified under HS Code 29142110, is a white crystalline substance obtained from the wood of camphor trees. It has a strong, aromatic odor and is commonly used in various industries for its medicinal, cosmetic, and industrial properties.
Camphor has been utilized for centuries in traditional medicine due to its analgesic, anti-inflammatory, and antiseptic properties. It is often found in topical ointments, balms, and liniments to relieve pain, itching, and inflammation. Additionally, camphor is used in the production of insect repellents, fireworks, plastics, and fragrances.
Under the World Trade Organization (WTO) rules, the bound or Most Favored Nation (MFN) duty rate for HS Code 29142110 is free. 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. As a result, the import duty on natural camphor is exempted.
The quantity unit for natural camphor is kilograms (KG). This standard unit of measurement ensures consistency and ease of trade for importers and exporters worldwide.
Natural camphor, categorized under HS Code 29142110, enjoys special tariff preference programs in several countries. These programs provide duty-free treatment or special rates for importing camphor. The following countries participate in these programs:
These special tariff preference programs aim to promote international trade and provide benefits to both importing and exporting countries.
When it comes to importing natural camphor into the United States, it is essential to consider the specific states involved. While this information may vary over time, currently, the following US states are major importers of natural camphor:
These states play a significant role in the importation and distribution of natural camphor within the United States.
On the other hand, the exporting US states for natural camphor may vary depending on factors such as production capacity, trade agreements, and market demand. However, as of now, West Virginia stands out as a prominent exporter of natural camphor.
HS Code 29142110 represents natural camphor, a versatile and widely used product with numerous applications. Understanding its product description, quantity unit, special tariff preference programs, and the importing and exporting US states provides valuable insights into the global trade dynamics of natural camphor.