Toluenediisocyanates (TDI) are a group of aromatic compounds commonly used in the production of polyurethane foams, coatings, adhesives, and sealants. The HS Code 29291010 specifically refers to unmixed TDI, which means it does not contain any other substances or additives.
TDI is primarily imported in kilograms (KG) and is subject to a bound / MFN (Most Favored Nation) duty rate of 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.
However, there are special tariff preference programs in place for TDI imports. These programs offer reduced or duty-free treatment for specific countries. The following countries are eligible for special tariff preference programs for HS Code 29291010:
These special tariff preference programs aim to promote trade and economic growth between the countries involved. By offering reduced or duty-free treatment for TDI imports, it incentivizes trade and strengthens the relationships between the participating nations.
Importing US states and exporting US states play a crucial role in the trade of TDI. The major importing US states for HS Code 29291010 include California, Texas, Illinois, Ohio, and Michigan. These states have a significant demand for TDI due to their thriving industries in construction, automotive, and manufacturing.
On the other hand, the major exporting US states for TDI are Texas, Louisiana, Ohio, Michigan, and Pennsylvania. These states have established production facilities and manufacturing capabilities, allowing them to meet the demand for TDI both domestically and internationally.
Overall, HS Code 29291010 represents unmixed Toluenediisocyanates (TDI) and plays a crucial role in various industries. The special tariff preference programs and the involvement of specific importing and exporting US states contribute to the global trade of TDI and its impact on economic growth and development.