Acrylic acid and its salts fall under the HS Code 29161100. This code is used to classify and identify this specific product in international trade. HS Codes are a standardized system used by customs authorities around the world to classify products for the purpose of levying tariffs and facilitating trade.
The product description for HS Code 29161100 is "Acrylic acid and its salts." Acrylic acid is a versatile chemical compound that is widely used in various industries, including adhesives, coatings, textiles, and personal care products. Its salts, such as sodium acrylic acid and potassium acrylic acid, are also frequently used in different applications.
When importing or exporting products classified under HS Code 29161100, it is important to be aware of the bound or most-favored-nation (MFN) duty rate. The current duty rate for this HS Code is 4.2%. 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.
The quantity unit for HS Code 29161100 is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported.
There are also special tariff preference programs available for imports of products classified under HS Code 29161100. These programs provide certain countries with preferential treatment or even duty-free access to the market. Some of the special tariff preference programs applicable to this HS Code include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties for eligible products.
When importing products classified under HS Code 29161100 into the United States, it is important to consider the specific importing and exporting US states. Different states may have their own regulations and requirements for the importation of certain products. Therefore, it is crucial to consult with the customs authorities or seek professional advice to ensure compliance with all relevant regulations.
HS Code 29161100 is used to classify and identify acrylic acid and its salts in international trade. Understanding the HS Code, product description, duty rates, quantity unit, and special tariff preference programs associated with this code is essential for businesses involved in the import and export of these products.