The HS Code 29153960 refers to the product Bis(bromoacetoxy)butene. In this article, we will explore the significance of this HS code and its impact on international trade. We will also discuss the specific details related to this product, including its description, quantity unit, and any special tariff preference programs associated with it.
Bis(bromoacetoxy)butene is a chemical compound used in various industries, including pharmaceuticals, agriculture, and manufacturing. It is primarily used as a reagent or intermediate in the synthesis of other organic compounds. The compound is known for its bromine content and acetoxy functional groups, which make it valuable in certain chemical reactions.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29153960 is free. This means that when a country lowers a trade barrier or opens up a market, it must apply the same duty rate of zero to all its trading partners for this specific product. This encourages fair and equal treatment of all countries involved in international trade.
The quantity unit for HS Code 29153960 is kilograms (KG). This means that the product is measured and traded in terms of weight. The KG unit provides a standardized measurement system that allows for easy comparison and calculation of the quantity of the product being imported or exported.
Special tariff preference programs may be available for products classified under HS Code 29153960. These programs are designed to provide certain benefits or reduced duties to specific countries or regions. Examples of such programs include free trade agreements (FTAs) and preferential trade agreements (PTAs). These programs aim to promote economic cooperation and enhance trade relationships between participating countries.
Overall, HS Code 29153960 plays a crucial role in facilitating international trade of Bis(bromoacetoxy)butene. Understanding the product description, duty rates, quantity unit, and any special tariff preference programs associated with this HS code is essential for importers, exporters, and policymakers alike. By adhering to the regulations and standards set by HS codes, countries can ensure a fair and transparent trading environment while promoting economic growth and cooperation.