Esters of Salicylic Acid and Their Salts: HS Code 29182350

The HS Code 29182350 refers to esters of salicylic acid and their salts, which are classified under a specific category for trade purposes. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the states involved in importing and exporting this product.

Product Description

Esters of salicylic acid and their salts are chemical compounds used in various industries, including pharmaceuticals, cosmetics, and personal care products. These compounds are derived from the combination of salicylic acid with alcohols or other organic compounds. The specific composition of these esters and salts may vary, leading to a wide range of applications.

Bound / MFN Duty Rate

The bound / MFN (Most Favored Nation) duty rate for HS Code 29182350 is 6.5%. The MFN principle ensures that when 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 ensures fair and equal treatment in international trade.

Quantity Unit

The quantity unit for HS Code 29182350 is kilograms (KG). This unit of measurement is used to quantify the weight or mass of the imported or exported esters of salicylic acid and their salts.

Special Tariff Preference Programs

There are several special tariff preference programs applicable to imports of HS Code 29182350. These programs provide specific benefits or exemptions from duty rates for certain countries. The details of these programs are as follows:

Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This program promotes trade and economic development for these countries.
Australia Special Rate: Australia enjoys a special rate for imports of these esters and salts.
Bahrain Special Rate: Bahrain benefits from a special rate for imports of HS Code 29182350.
NAFTA for Canada: Imports from Canada receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
Chile Special Rate: Chile enjoys a special rate for imports of these esters and salts.
Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries receive duty-free treatment under this program.
Caribbean Basin Initiative (CBI): Imports from eligible Caribbean countries receive duty-free treatment under this program.
Israel Special Rate: Israel benefits from a special rate for imports of HS Code 29182350.
Andean Trade Preference Act (ATPA): Imports from eligible Andean countries receive duty-free treatment under this program.
Jordan Special Rate: Jordan enjoys a special rate for imports of these esters and salts.
Agreement on Trade in Pharmaceutical Products: Certain pharmaceutical imports receive duty-free treatment under this agreement.
Morocco Special Rate: Morocco benefits from a special rate for imports of HS Code 29182350.
NAFTA for Mexico: Imports from Mexico receive duty-free treatment under NAFTA.
Oman Special Rate: Oman enjoys a special rate for imports of these esters and salts.
Dominican Republic-Central American Special Rate (DR-CAFTA): Imports from eligible Central American countries receive a special rate under this program.
Peru Special Rate: Peru benefits from a special rate for imports of HS Code 29182350.
Singapore Special Rate: Singapore enjoys a special rate for imports of these esters and salts.

Importing and Exporting US States

For imports of HS Code 29182350, the following US states are involved:

Mississippi
Rhode Island
West Virginia

The exporting US states for this product are not specified in the provided data.