The HS Code 29159014 represents Valproic Acid, a chemical compound used in various pharmaceutical and medical applications. This article aims to provide an extensive overview of Valproic Acid, including its product description, duty rates, quantity units, and special tariff preference programs.
Valproic Acid is a medication primarily used to treat epilepsy and bipolar disorder. It belongs to the class of medications known as anticonvulsants, which work by increasing the levels of certain chemicals in the brain to control seizures and stabilize mood.
The bound / MFN (Most Favored Nation) duty rate for Valproic Acid is 4.2%. 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. The duty rate ensures fair trade practices and equal treatment among trading nations.
The quantity unit for Valproic Acid is kilograms (KG). This measurement is commonly used in international trade to determine the weight or mass of goods being imported or exported. It provides a standardized unit for easy comparison and calculation of trade quantities.
Valproic Acid enjoys special tariff preference programs in various countries. These programs offer preferential treatment, including duty-free or reduced duty rates, to promote trade and economic cooperation. The following countries have special tariff preference programs for Valproic Acid:
These special tariff preference programs aim to facilitate trade and enhance economic relations between the countries involved. By providing duty-free or reduced duty treatment, they incentivize the import and export of Valproic Acid, promoting accessibility and affordability of the medication.
Valproic Acid is imported and exported by various US states. The specific states involved in the import and export of Valproic Acid may vary based on market demand, distribution channels, and regulatory factors. Some of the states commonly associated with Valproic Acid trade include:
The import and export of Valproic Acid contribute to the availability of this medication within the United States and its international trade relations.
HS Code 29159014 represents Valproic Acid, a significant medication used in the treatment of epilepsy and bipolar disorder. Understanding the product description, duty rates, quantity units, and special tariff preference programs associated with Valproic Acid is essential for importers, exporters, and industry professionals. By promoting fair trade practices and facilitating trade relationships, Valproic Acid's HS Code plays a crucial role in international commerce and pharmaceutical accessibility.