HS Code 29173600: Terephthalic Acid and its Salts

The HS Code 29173600 refers to Terephthalic Acid and its Salts. This code is used for the classification and identification of this specific product for international trade purposes. In this article, we will explore the details of this HS code, its description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.

Product Description

Terephthalic Acid is a white crystalline solid that is widely used in the production of polyester fibers, films, and plastics. It is an important raw material in the textile, packaging, and automotive industries. Terephthalic Acid and its salts are primarily used in the manufacture of polyethylene terephthalate (PET) resin, which is commonly used in the production of bottles for beverages and food packaging.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 29173600 is 6.5%. 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 6.5% duty rate applies to imports of Terephthalic Acid and its salts from all countries.

Quantity Unit

The quantity unit for HS Code 29173600 is kilograms (KG). This unit is used to measure the weight of the imported or exported Terephthalic Acid and its salts.

Special Tariff Preference Programs

Terephthalic Acid and its salts may be eligible for special tariff preference programs that provide duty-free or reduced-duty treatment. The following programs and rates apply to imports of this product:

Free: Only imports from least-developed beneficiary developing countries eligible for GSP (Generalized System of Preferences) under that subheading receive duty-free treatment.
Australia Special Rate: Duty-free treatment for imports from Australia.
Bahrain Special Rate: Duty-free treatment for imports from Bahrain.
NAFTA for Canada: Duty-free treatment for imports from Canada under the North American Free Trade Agreement.
Chile Special Rate: Duty-free treatment for imports from Chile.
Africa Growth and Opportunity Act (AGOA): Duty-free treatment for imports from eligible African countries.
Caribbean Basin Initiative (CBI): Duty-free treatment for imports from eligible Caribbean countries.
Israel Special Rate: Duty-free treatment for imports from Israel.
Andean Trade Preference Act (ATPA): Duty-free treatment for imports from eligible Andean countries.
Jordan Special Rate: Duty-free treatment for imports from Jordan.
Morocco Special Rate: Duty-free treatment for imports from Morocco.
NAFTA for Mexico: Duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
Oman Special Rate: Duty-free treatment for imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Duty-free treatment for imports from eligible countries in the Dominican Republic-Central America Free Trade Agreement.
Peru Special Rate: Duty rate of 1.1% for imports from Peru.
Singapore Special Rate: Duty rate of 1.1% for imports from Singapore.

Importing US States

The following US states import Terephthalic Acid and its salts:

Mississippi
Rhode Island
West Virginia

Exporting US States

The exporting US states for Terephthalic Acid and its salts are not specified in the provided data. However, it is important to note that the US is a major exporter of various chemical products, including Terephthalic Acid and its derivatives.

HS Code 29173600 represents Terephthalic Acid and its Salts. This code is essential for the identification, classification, and regulation of international trade of this product. Understanding the duty rates, quantity unit, special tariff preference programs, and the states involved in importing Terephthalic Acid can provide valuable insights for businesses and policymakers in the chemical industry.