HS Code 29161910 - Potassium Sorbate
Potassium sorbate is a widely used food preservative with the HS code 29161910. This article will provide an extensive overview of this product, including its description, duty rates, quantity unit, and special tariff preference programs. So let's dive into the world of potassium sorbate!
Product Description:
Potassium sorbate is a chemical compound that is primarily used as a food preservative. It is a white crystalline powder or granular substance that is easily soluble in water. Potassium sorbate is derived from sorbic acid, a naturally occurring compound found in some fruits.
Bound / MFN Duty Rate:
The bound or Most Favored Nation (MFN) duty rate for potassium sorbate is 3.1%. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same duty rate for potassium sorbate imports from all its trading partners. This ensures fair and equal treatment in international trade.
Quantity Unit:
The quantity unit for potassium sorbate is kilograms (KG). This unit is used to measure the weight or quantity of the product being imported or exported. When dealing with potassium sorbate, the quantity is typically measured in kilograms.
Special Tariff Preference Programs:
Potassium sorbate enjoys special tariff preference programs in various countries. These programs provide favorable treatment in terms of duty rates. Here are some of the special tariff preference programs for potassium sorbate:
- Generalized System of Preferences (GSP): Under this program, potassium sorbate is granted duty-free treatment.
- Australia Special Rate: Australia offers a special rate for potassium sorbate, providing duty-free treatment.
- Bahrain Special Rate: Bahrain also offers a special rate for potassium sorbate, providing duty-free treatment.
- NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada grants duty-free treatment to potassium sorbate.
- Chile Special Rate: Chile offers a special rate for potassium sorbate, providing favorable duty treatment.
- Caribbean Basin Initiative (CBI): Potassium sorbate is eligible for duty-free treatment under the CBI.
- Israel Special Rate: Israel grants duty-free treatment to potassium sorbate under this program.
- Andean Trade Preference Act (ATPA): Potassium sorbate is eligible for special rates under the ATPA.
- Jordan Special Rate: Jordan offers a special rate for potassium sorbate, providing favorable duty treatment.
- Morocco Special Rate: Morocco also offers a special rate for potassium sorbate, providing duty-free treatment.
- NAFTA for Mexico: Under NAFTA, Mexico grants duty-free treatment to potassium sorbate.
- Oman Special Rate: Oman offers a special rate for potassium sorbate, providing duty-free treatment.
- Dominican Republic-Central American Special Rate (DR-CAFTA): Potassium sorbate is eligible for special rates under the DR-CAFTA.
- Peru Special Rate: Peru offers a special rate for potassium sorbate, providing favorable duty treatment.
- Singapore Special Rate: Singapore grants duty-free treatment to potassium sorbate under this program.
Importing US States and Exporting US States:
When it comes to importing potassium sorbate into the United States, there are no specific restrictions on the states that can import this product. Potassium sorbate can be imported into any state within the US.
Similarly, there are no specific restrictions on the states that can export potassium sorbate from the United States. Potassium sorbate can be exported from any state within the US to various international markets.
potassium sorbate, with the HS code 29161910, is a widely used food preservative. It has a bound or MFN duty rate of 3.1% and is measured in kilograms (KG). Additionally, it enjoys special tariff preference programs in many countries, providing favorable duty treatment. As an importer or exporter, it is important to be aware of the applicable duty rates and any special tariff preference programs to make informed decisions in international trade.
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