When it comes to international trade, it is important to have a standardized system to classify products. The Harmonized System (HS) code is a globally recognized system used for this purpose. Each product is assigned a unique HS code, which helps streamline trade processes and ensures consistency across different countries.
One such HS code is 29335918, which refers to nonaromatic pesticides of heterocyclic compounds with nitrogen hetero-atom(s) only, containing a pyrimidine or piperazine ring, not elsewhere specified or included. Let's delve deeper into the details of this HS code and understand its significance in international trade.
The product description for HS code 29335918 provides us with valuable information about the nature of the goods it represents. It specifies that the products falling under this code are nonaromatic pesticides made from heterocyclic compounds. These compounds contain nitrogen hetero-atom(s) only and have either a pyrimidine or piperazine ring structure. The "nesoi" abbreviation stands for "not elsewhere specified or included," indicating that this code covers products that don't fall under any other specific category within this classification system.
The bound or most-favored-nation (MFN) duty rate for HS code 29335918 is 6.5%. This duty rate applies whenever a country lowers a trade barrier or opens up a market. The principle behind the MFN duty rate is that if a country grants preferential treatment to a particular trading partner, it must extend the same treatment to all its other trading partners. This ensures fairness and equal opportunities for all countries involved in international trade.
The quantity unit for HS code 29335918 is kilograms (KG). This unit of measurement is commonly used to quantify the weight or mass of the products falling under this HS code. Kilograms provide a standardized way to measure and compare quantities across different countries and trading partners.
Several special tariff preference programs apply to products classified under HS code 29335918. These programs offer specific benefits and duty-free treatment to eligible countries. The countries that enjoy special tariff preferences for this HS code include:
These special tariff preference programs aim to foster trade relationships, encourage economic growth, and provide favorable conditions for the importation of goods classified under HS code 29335918.
In the United States, different states engage in importing and exporting goods classified under HS code 29335918. The data provided indicates the states involved in these trade activities:
These states play a significant role in the trade of nonaromatic pesticides of heterocyclic compounds with nitrogen hetero-atom(s) only, containing a pyrimidine or piperazine ring, not elsewhere specified or included.
Overall, HS code 29335918 serves as a crucial classification for nonaromatic pesticides made from heterocyclic compounds. Understanding the details and implications of this HS code is essential for businesses, governments, and trade organizations involved in international trade.