When it comes to international trade, the Harmonized System (HS) plays a crucial role in simplifying the classification and identification of products. HS Code 29280015 specifically refers to Phenylhydrazine, a chemical compound widely used in various industries.
Phenylhydrazine, also known by its chemical formula C6H8N2, is a clear, colorless liquid with a pungent odor. It is primarily used as a reagent in the synthesis of pharmaceuticals, dyes, and pesticides. Its versatile nature makes it an essential component in many industrial processes.
The HS Code 29280015 helps customs authorities and traders worldwide to accurately identify and classify Phenylhydrazine for international trade purposes. This standardized system ensures uniformity and transparency in trade transactions, making it easier for countries to track imports and exports.
One significant aspect of HS Code 29280015 is the bound/MFN (Most Favored Nation) duty rate. In international trade, the bound duty rate is the maximum tariff rate a country can impose on an imported product. The MFN duty rate, on the other hand, refers to the preferential tariff rate applied to trading partners with MFN status.
In the case of Phenylhydrazine (HS Code 29280015), the bound/MFN duty rate is free. This means that every time a country lowers a trade barrier or opens up a market, it must do so for Phenylhydrazine from all its trading partners. This ensures fair trade practices and equal treatment for Phenylhydrazine importers and exporters worldwide.
Another important aspect of HS Code 29280015 is the quantity unit used for trade measurements. In the case of Phenylhydrazine, the quantity unit is kilograms (KG). This standard unit of measurement allows for accurate and consistent tracking of the quantity of Phenylhydrazine being imported or exported.
HS Code 29280015 also encompasses various special tariff preference programs that provide specific tariff treatment for Phenylhydrazine imports. These programs aim to promote trade and economic cooperation between participating countries. The following countries or regions offer special tariff preferences for Phenylhydrazine under HS Code 29280015:
These special tariff preference programs aim to reduce trade barriers and promote the import and export of Phenylhydrazine among participating countries, fostering economic growth and cooperation.
HS Code 29280015 applies to Phenylhydrazine imports and exports in the United States. Importing US states and exporting US states play a significant role in the trade of Phenylhydrazine.
As an imported product, Phenylhydrazine enters the United States through various ports and entry points. Some of the major US states that import Phenylhydrazine under HS Code 29280015 include California, Texas, New York, Illinois, and New Jersey.
On the other hand, as an exported product, Phenylhydrazine from the United States reaches different countries around the world. Some of the significant US states involved in exporting Phenylhydrazine under HS Code 29280015 include California, Texas, New York, Illinois, and Pennsylvania.
These US states play a crucial role in facilitating the international trade of Phenylhydrazine, contributing to the global supply chain and meeting the demands of various industries.
HS Code 29280015 - Phenylhydrazine, is an essential classification for international trade. It ensures uniformity, transparency, and fair trade practices in the import and export of Phenylhydrazine worldwide. With its versatile applications and special tariff preference programs, Phenylhydrazine continues to contribute to numerous industries and economies across the globe.