The HS Code 29155050 refers to nonaromatic salts and esters of propionic acid. This code is used to classify and identify specific products during international trade. It helps customs authorities and traders worldwide to accurately determine the nature of the goods being imported or exported.
Propionic acid is an organic compound commonly found in food additives, pharmaceuticals, and agricultural chemicals. It is widely used for its antimicrobial properties and as a preservative to prevent the growth of bacteria and fungi.
The salts and esters of propionic acid, covered under HS Code 29155050, are produced by reacting propionic acid with various metals or alcohols. These compounds have different applications in different industries.
The bound / MFN (Most Favored Nation) duty rate for products falling under HS Code 29155050 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate applies to all countries unless they have specific trade agreements or special tariff preference programs in place.
The quantity unit for products classified under HS Code 29155050 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.
Certain countries have special tariff preference programs in place that provide preferential treatment for products falling under HS Code 29155050. These programs allow these products to be imported duty-free or at reduced duty rates. The countries and programs offering such preferences include:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries by reducing trade barriers and facilitating the flow of goods.
The HS Code 29155050 applies to nonaromatic salts and esters of propionic acid being imported or exported to and from various US states. The specific states involved in the import and export of these goods may vary depending on market demand, production capabilities, and other factors.
Some of the major US states involved in the importation and exportation of products falling under HS Code 29155050 include:
These states have significant industrial and commercial activities, making them key players in international trade.
HS Code 29155050 represents nonaromatic salts and esters of propionic acid. This code helps classify and identify these specific products during international trade. Understanding the HS code, duty rates, special tariff preference programs, and the states involved in importation and exportation is crucial for traders, customs authorities, and other stakeholders in the global trade industry.