Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 29310070: A Comprehensive Guide

The Harmonized System (HS) is an internationally recognized system for classifying products traded across borders. Each product is assigned a unique HS code to facilitate customs clearance and trade negotiations. In this article, we will delve into the details of HS Code 29310070 and explore its product description, duty rates, special tariff preference programs, and the importing and exporting US states associated with it.

Product Description

HS Code 29310070 encompasses three specific chemicals:

• N,N'-Bis(trimethylsilyl)urea
• 2-Phosphonobutane-1,2,4-tricarboxylic acid and its salts
• One other specified chemical

These chemicals play various roles in different industries, such as pharmaceuticals, agriculture, and manufacturing. N,N'-Bis(trimethylsilyl)urea is commonly used as a reagent in organic synthesis, while 2-Phosphonobutane-1,2,4-tricarboxylic acid and its salts find applications in water treatment and as chelating agents. The third specified chemical may vary depending on the specific product being classified under this HS code.

Bound / MFN Duty Rate

The bound duty rate refers to the maximum tariff rate a country can impose on imports under the World Trade Organization (WTO) agreement. The MFN (Most Favored Nation) duty rate is the tariff rate applied to imports from all trading partners. For HS Code 29310070, the bound / MFN duty rate is free. This means that countries must provide duty-free treatment to imports of these specific chemicals.

This provision ensures that 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. It promotes fair and non-discriminatory trade practices among nations.

Quantity Unit

The quantity unit for HS Code 29310070 is kilograms (KG). This unit of measurement is used to determine the weight or quantity of the imported or exported chemicals.

Special Tariff Preference Programs

HS Code 29310070 is eligible for various special tariff preference programs, allowing certain countries to enjoy preferential duty rates. These programs are designed to promote economic development, encourage trade, and support specific trade agreements. The following are the special tariff preference programs applicable to HS Code 29310070:

• Free: Imports from least-developed beneficiary developing countries eligible for Generalized System of Preferences (GSP) under that subheading receive duty-free treatment. This includes countries like Afghanistan, Bangladesh, and Ethiopia.
• Australia Special Rate: Australia enjoys a special rate for imports classified under HS Code 29310070.
• Bahrain Special Rate: Bahrain benefits from a special rate for imports classified under HS Code 29310070.
• NAFTA for Canada: Imports from Canada classified under HS Code 29310070 receive duty-free treatment under the North American Free Trade Agreement (NAFTA).
• Chile Special Rate: Chile enjoys a special rate for imports classified under HS Code 29310070.
• Africa Growth and Opportunity Act (AGOA): Imports from eligible African countries classified under HS Code 29310070 receive duty-free treatment under AGOA.
• Caribbean Basin Initiative (CBI): Countries in the Caribbean Basin benefit from duty-free treatment for imports classified under HS Code 29310070 under the CBI.
• Israel Special Rate: Israel enjoys a special rate for imports classified under HS Code 29310070.
• Andean Trade Preference Act (ATPA): Andean countries, such as Colombia and Ecuador, receive duty-free treatment for imports classified under HS Code 29310070 under the ATPA.
• Jordan Special Rate: Jordan enjoys a special rate for imports classified under HS Code 29310070.
• Agreement on Trade in Pharmaceutical Products: Imports classified under HS Code 29310070 and falling under the Agreement on Trade in Pharmaceutical Products receive duty-free treatment.
• Morocco Special Rate: Morocco benefits from a special rate for imports classified under HS Code 29310070.
• NAFTA for Mexico: Imports from Mexico classified under HS Code 29310070 receive duty-free treatment under NAFTA.
• Oman Special Rate: Oman enjoys a special rate for imports classified under HS Code 29310070.
• Dominican Republic-Central American Special Rate (DR-CAFTA): Countries in the Dominican Republic-Central America Free Trade Agreement receive a special rate for imports classified under HS Code 29310070.
• Peru Special Rate: Peru benefits from a special rate for imports classified under HS Code 29310070.
• Singapore Special Rate: Singapore enjoys a special rate of 1% duty for imports classified under HS Code 29310070.

Importing and Exporting US States

The following US states are involved in the import and export of products classified under HS Code 29310070:

• Alabama
• Arkansas

These states play a crucial role in facilitating the trade of HS Code 29310070 products within the United States and with international trading partners. The import and export activities in these states contribute to their respective economies and promote global trade relationships.

HS Code 29310070 covers a specific set of chemicals with various applications in different industries. It enjoys preferential duty rates under special tariff preference programs, and its trade is facilitated by the importing and exporting US states. Understanding the intricacies of HS codes is essential for businesses, customs officials, and policymakers involved in international trade.