When it comes to international trade, it is essential to have a standardized system to classify various products. This is where the Harmonized System (HS) Code plays a crucial role. In this article, we will delve into the details of HS Code 29163917 and explore its product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states.
The HS Code 29163917 encompasses two primary substances - 2,2-Dichlorophenylacetic acid ethyl ester and m-toluic acid. These chemicals are widely used in various industries, including pharmaceuticals, agriculture, and chemical manufacturing. They have unique properties and applications, making them valuable commodities in the global market.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29163917 is free. 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. This provision ensures fair and non-discriminatory treatment in international trade.
The quantity unit for HS Code 29163917 is measured in kilograms (KG). This unit of measurement provides a standardized way to quantify and compare the trade volume of these chemicals across different countries.
HS Code 29163917 is eligible for various special tariff preference programs. These programs offer specific trade benefits, such as reduced or duty-free treatment, to promote economic cooperation and development among participating countries. Here are the special tariff preference programs applicable to HS Code 29163917:
These special tariff preference programs aim to enhance trade relations, support economic growth, and foster mutual cooperation between participating countries.
HS Code 29163917 involves the import and export of 2,2-Dichlorophenylacetic acid ethyl ester and m-toluic acid to and from various US states. The specific importing and exporting US states may vary depending on market demand, manufacturing capabilities, and regulatory factors. It is crucial for traders and businesses involved in this industry to be aware of the specific states involved in these trade activities to optimize their operations.
HS Code 29163917 encompasses 2,2-Dichlorophenylacetic acid ethyl ester and m-toluic acid, which are vital substances in multiple industries. Understanding the duty rates, quantity unit, special tariff preference programs, and the importing/exporting US states associated with this HS Code is essential for conducting international trade effectively and efficiently.