Methacrylic acid and its salts fall under the HS Code 29161300. This code is used to classify and identify this specific product for international trade purposes. In this article, we will explore the details of this HS code and provide more information about methacrylic acid and its salts.
Methacrylic acid is an organic compound with the chemical formula C4H6O2. It is a colorless liquid that has a strong, pungent odor. Methacrylic acid is highly corrosive and can cause severe irritation to the skin, eyes, and respiratory system. Its salts, such as sodium methacrylate or potassium methacrylate, are derived from this acid and are commonly used in various industries.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29161300 is 4.2%. This means that every time a country lowers a trade barrier or opens up a market, it must apply this duty rate for the same goods or services from all its trading partners. The 4.2% duty rate is applicable to the import of methacrylic acid and its salts.
The quantity unit used for measuring methacrylic acid and its salts is kilograms (KG). This unit is commonly used in international trade to determine the weight of the imported or exported goods. It provides a standardized measurement for accurate record-keeping and pricing.
Several special tariff preference programs exist for imports of methacrylic acid and its salts under HS Code 29161300. These programs offer certain countries special rates or duty-free treatment when importing this product. The following countries or regions have specific tariff preferences:
These special tariff preference programs aim to promote trade and economic development between countries by offering favorable import conditions for specific products. Importers and exporters can take advantage of these programs to reduce costs and increase competitiveness.
HS Code 29161300 covers the import and export of methacrylic acid and its salts to and from various US states. The specific states involved in the trade of this product may vary depending on market demand, production capabilities, and other factors. Some of the importing US states for methacrylic acid and its salts include:
Similarly, some of the exporting US states for this product are:
The trade of methacrylic acid and its salts contributes to the economy of both importing and exporting US states, supporting industries and creating employment opportunities.
HS Code 29161300 classifies and identifies methacrylic acid and its salts for international trade purposes. This article has provided a comprehensive overview of this HS code, including the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and importing/exporting US states. Understanding these details can help importers, exporters, and trade professionals navigate the regulations and benefits associated with methacrylic acid and its salts.