Lysine and its esters and salts thereof fall under the HS Code 29224100. This educational article aims to provide comprehensive information about this specific HS Code, including its product description, duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states.
Lysine and its esters and salts thereof are classified under HS Code 29224100. Lysine is an essential amino acid that plays a crucial role in protein synthesis and the growth and maintenance of tissues in humans and animals. It is commonly used as a dietary supplement for both humans and animals.
The esters and salts of lysine are derivatives of this amino acid that possess certain properties and characteristics that make them suitable for various applications. These derivatives may have specific uses in industries such as pharmaceuticals, personal care products, and food additives.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29224100 is 3.7%. The MFN duty rate is the rate applied to imports from all trading partners once a country lowers a trade barrier or opens up a market for a specific product or service. This means that every time a country reduces trade barriers or opens up its market for lysine and its esters and salts, it must do so for all its trading partners.
The quantity unit for HS Code 29224100 is kilograms (KG). This means that the customs authorities measure and calculate the import or export of lysine and its derivatives in terms of weight, specifically in kilograms.
Lysine and its esters and salts thereof enjoy special tariff preference programs in several countries. These programs provide preferential treatment in terms of reduced or duty-free tariffs. The following countries have special tariff rates or offer duty-free treatment for this HS Code:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating tariffs on specific goods or services. Importers and exporters of lysine and its derivatives can take advantage of these programs to reduce their import costs and increase competitiveness in the global market.
As an educational article about HS Code 29224100, it is relevant to mention the importing and exporting US states for lysine and its esters and salts thereof. The following states in the United States are involved in the import and export of this product:
Importing US States:
Exporting US States:
These states play a significant role in the trade of lysine and its derivatives, either as importers or exporters. The import and export activities in these states contribute to the overall trade volume and promote economic growth and development.
HS Code 29224100 represents lysine and its esters and salts thereof. This article provided an extensive overview of this HS Code, including its product description, duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states. Understanding these details can help traders, importers, and exporters navigate the international trade landscape more effectively and take advantage of the benefits offered by special tariff programs.