The HS Code 29201950 refers to nonaromatic phosphorothioates, their salts, and various derivatives including halogenated, sulfonated, nitrated, or nitrosated compounds. This code is used to classify and identify these specific chemical substances for international trade purposes.
Nonaromatic phosphorothioates are compounds that contain a phosphorus atom bonded to a sulfur atom, with the sulfur atom replacing one of the oxygen atoms typically found in phosphates. These substances have various applications in industries such as agriculture, pharmaceuticals, and manufacturing.
The bound / MFN duty rate for products falling under HS Code 29201950 is 3.7%. 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 duty rate applies to the importation of these products regardless of their origin.
The quantity unit for calculating the import/export of products under HS Code 29201950 is kilograms (KG). This unit of measurement helps in determining the quantity and value of the products being traded.
Special tariff preference programs are available for products classified under HS Code 29201950. These programs provide certain countries with preferential treatment or exemptions from duties. The following countries enjoy special tariff rates or duty-free treatment for these products:
These countries have specific trade agreements or programs in place that allow for duty-free treatment or reduced tariffs on imports of nonaromatic phosphorothioates and their derivatives.
When it comes to importing products under HS Code 29201950 into the United States, certain states have been identified as the main importers. These states include Iowa and Montana. These states have significant demand for nonaromatic phosphorothioates and their derivatives, likely due to their agricultural industries or other related applications.
While the HS Code 29201950 provides a specific classification and identification for nonaromatic phosphorothioates and their derivatives, it is important to note that this code is just one piece of the overall international trade puzzle. Understanding the regulations, tariffs, and trade agreements associated with this code is crucial for businesses and individuals involved in the import and export of these products.