The HS Code 29225050 refers to a specific category of products known as nonaromatic amino-alcohol-phenols, amino-acid-phenols, and other amino-compounds with oxygen function. This code is used to classify and regulate the import and export of these products in international trade.
These nonaromatic amino compounds are widely used in various industries such as pharmaceuticals, cosmetics, and agriculture. They have diverse applications and play a crucial role in the development of many products. Understanding the HS code and its associated products is essential for businesses and policymakers involved in international trade.
The products classified under HS Code 29225050 include nonaromatic amino-alcohol-phenols, amino-acid-phenols, and other amino-compounds with oxygen function. These compounds contain both amino and hydroxyl groups in their chemical structure. They are typically used as intermediates or building blocks in the synthesis of other compounds.
The bound or most-favored-nation (MFN) duty rate for products falling under HS Code 29225050 is 6.5%. This means that countries applying this code must impose a duty of 6.5% on these products unless they have a special trade agreement or tariff preference program in place.
Trade barriers are gradually being reduced worldwide, and countries are opening up their markets to promote international trade. When 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 principle ensures fair and equal treatment for all countries involved in trade.
The quantity unit for products classified under HS Code 29225050 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the quantity of goods being imported or exported.
Several special tariff preference programs offer duty-free treatment for products falling under HS Code 29225050. These programs aim to promote trade and economic cooperation between countries. The countries that provide preferential treatment for these products include:
These countries have established special trade agreements or preference programs to facilitate the import and export of these products. By providing duty-free treatment, they aim to reduce trade barriers and promote the growth of various industries.
The products classified under HS Code 29225050 are imported into various US states. The primary importing state is Puerto Rico, with numerous shipments recorded. Additionally, North Carolina is also a significant destination for these products.
These states play a crucial role in the distribution and utilization of nonaromatic amino compounds within the United States. The importation of these products contributes to the growth and development of industries that rely on these compounds.
The HS Code 29225050 represents a specific category of nonaromatic amino compounds with various applications in industries such as pharmaceuticals, cosmetics, and agriculture. Understanding this code is essential for businesses involved in international trade, as it helps ensure compliance with customs regulations and facilitates the smooth movement of goods across borders.
By providing duty-free treatment and establishing special trade agreements, countries aim to promote the import and export of these products, fostering economic cooperation and growth.