When it comes to international trade, it is essential to have a standardized system that identifies and classifies products. This is where HS codes come into play. HS Code 29222926 specifically refers to amino-naphthols and other amino-phenols and their derivatives used as fast color bases.
Amino-naphthols and amino-phenols are important chemical compounds that find applications in various industries, particularly in the production of dyes. These compounds serve as fast color bases, which means they enable the formation of vibrant and long-lasting colors in textiles, plastics, paints, and other products.
Understanding the HS code for amino-naphthols and other amino-phenols, as well as the associated trade data, can help importers, exporters, and policymakers make informed decisions. Let's delve deeper into the details.
The product description for HS Code 29222926 is "Amino-naphthols and other amino-phenols and their derivatives used as fast color bases." This description provides a broad overview of the products covered by the code.
Amino-naphthols and amino-phenols are organic compounds that contain amino groups (-NH2) attached to naphthols or phenols. These compounds can be synthesized or extracted from natural sources. They are commonly used in the production of dyes and pigments, where they act as intermediates or color precursors.
The fast color bases derived from amino-naphthols and amino-phenols possess excellent dyeing properties, such as high color strength, good wash and light fastness, and compatibility with various fibers and substrates.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29222926 is 6.5%. The MFN duty rate represents the standard tariff applied to imports of the specified products. It is the rate that applies to all trading partners of a country, ensuring fair and equal treatment in international trade.
It is important to note that trade barriers and duty rates can change over time. Whenever a country lowers a trade barrier or opens up a market, it is obligated to do so for the same goods or services from all its trading partners. Therefore, it is crucial for businesses to stay updated on any changes in duty rates and trade policies.
The quantity unit for HS Code 29222926 is kilograms (KG). This unit indicates that the measurement and pricing of the products covered by the code are based on their weight in kilograms.
When importing or exporting amino-naphthols and other amino-phenols, it is necessary to specify the quantity in kilograms to ensure accurate calculations of shipping costs, customs duties, and other trade-related expenses.
Various special tariff preference programs allow certain countries to import amino-naphthols and other amino-phenols at reduced or duty-free rates. These programs aim to promote economic development, facilitate trade, and strengthen diplomatic relations between countries.
The following special tariff preference programs apply to HS Code 29222926:
These special tariff preference programs provide significant cost advantages for importers and exporters from the countries mentioned. By taking advantage of these programs, businesses can reduce their expenses and enhance their competitiveness in the global market.
HS Code 29222926 applies to imports and exports of amino-naphthols and other amino-phenols in the United States. The code is used to classify and track these products as they enter or leave the country.
When it comes to importing amino-naphthols and amino-phenols into the United States, businesses from any state can engage in trade. Similarly, businesses from any state can export these products to other countries.
However, it is worth noting that different states may have varying levels of involvement in the import and export of amino-naphthols and amino-phenols. Factors such as proximity to manufacturing facilities, transportation infrastructure, and trade agreements can influence the trade volumes of specific states.
HS Code 29222926 plays a crucial role in the international trade of amino-naphthols and other amino-phenols used as fast color bases. Understanding the product description, duty rates, quantity unit, and special tariff preference programs associated with this code can help businesses make informed decisions and optimize their trade activities.