The HS Code 29189947 refers to a specific category of products in international trade. It encompasses other aromatic carboxylic acids that have additional oxygen function and their derivatives such as anhydrides and halides. However, it excludes goods mentioned in the additional US note 3 to section VI.
When importing or exporting products classified under HS Code 29189947, it is essential to understand the associated duty rates and special tariff preference programs. The bound / MFN (Most Favored Nation) duty rate for this HS Code is 6.5%. 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.
The quantity unit for products falling under HS Code 29189947 is kilograms (KG). This unit is used to measure the weight of the imported or exported goods.
There are several special tariff preference programs applicable to products classified under HS Code 29189947. These programs provide certain countries with preferential treatment in terms of duty rates. The following countries receive preferential treatment for imports of these goods:
Under these special tariff preference programs, imports from least-developed beneficiary developing countries are eligible for GSP (Generalized System of Preferences) treatment, which means they receive duty-free treatment. Additionally, specific countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, and others have their own special rates for these goods.
In terms of importing into the United States, the states of Iowa and Montana are the key destinations for products falling under HS Code 29189947. These states have shown a consistent demand for this category of goods.
Overall, HS Code 29189947 covers other aromatic carboxylic acids with additional oxygen function and their derivatives. It is important for importers, exporters, and traders to be aware of the associated duty rates and special tariff preference programs to make informed decisions regarding international trade with these goods.