When it comes to international trade, it is important to have a standardized system to classify goods. The Harmonized System (HS) Code is an internationally recognized system used to classify products and facilitate trade. In this article, we will delve into the details of HS Code 29225017, which covers aromatic dermatological agents and local anesthetics of amino-compounds with oxygen function.
Aromatic dermatological agents and local anesthetics play a crucial role in the field of medicine. These substances are used for various dermatological treatments and provide local anesthesia during medical procedures. The amino-compounds with oxygen function in these agents contribute to their therapeutic properties.
Under the HS Code 29225017, the bound or most-favored-nation (MFN) duty rate stands at 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. It is essential for countries to maintain fair trade practices and treat all trading partners equally.
The quantity unit for this HS Code is kilograms (KG). This provides a standardized measurement for the international trade of aromatic dermatological agents and local anesthetics. By using a common unit of measurement, it becomes easier for traders and customs officials to calculate quantities and assess import/export duties accurately.
There are several special tariff preference programs associated with HS Code 29225017. These programs offer preferential treatment in terms of duty rates for specific countries. The following countries are eligible for duty-free treatment under these programs:
In terms of import data, the primary importing US state for HS Code 29225017 is Puerto Rico. However, there is also significant import activity in North Carolina. These states play a crucial role in facilitating the import of aromatic dermatological agents and local anesthetics into the United States.
Overall, HS Code 29225017 covers aromatic dermatological agents and local anesthetics of amino-compounds with oxygen function. This HS Code provides a standardized classification for these products, ensuring fair trade practices and facilitating international trade. The associated special tariff preference programs offer duty-free treatment for eligible countries, promoting economic development and cooperation.