When it comes to international trade, it is important to have a standardized system in place to classify and categorize products. This is where HS codes come into play. HS Code 29349916 refers to aromatic or modified aromatic insecticides of other heterocyclic compounds. In this article, we will explore the details of this HS code and its relevance in global trade.
The product categorized under HS Code 29349916 is specifically related to insecticides. These insecticides are derived from heterocyclic compounds and can be aromatic or modified aromatic in nature. Heterocyclic compounds are organic compounds that contain at least one atom of an element other than carbon in the ring structure. This HS code encompasses various types of insecticides with different chemical compositions.
The bound / MFN (Most Favored Nation) duty rate for products falling under HS Code 29349916 is 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. The duty rate of 6.5% applies to imports of aromatic or modified aromatic insecticides of other heterocyclic compounds, regardless of the country of origin.
The quantity unit for measuring imports and exports under HS Code 29349916 is kilograms (KG). This unit is used to quantify the weight of the insecticides being traded internationally. It helps in accurately determining the quantity of products involved in trade transactions.
Several countries and regions offer special tariff preference programs for products classified under HS Code 29349916. These programs provide favorable treatment in terms of duty rates. The following countries and regions have special tariff preference programs for aromatic or modified aromatic insecticides of other heterocyclic compounds:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific products.
HS Code 29349916 is imported into various states of the United States. The following states are involved in importing aromatic or modified aromatic insecticides of other heterocyclic compounds:
These states play a significant role in the importation of insecticides classified under this HS code. The demand for these products in these states highlights the importance of effective pest control measures in the agricultural and industrial sectors.
When it comes to exporting aromatic or modified aromatic insecticides of other heterocyclic compounds under HS Code 29349916, the main exporting state is Iowa. Additionally, Puerto Rico is also involved in exporting these products. These states have established a strong presence in the global market for insecticides, showcasing their capabilities in manufacturing and trade.
HS Code 29349916 encompasses aromatic or modified aromatic insecticides of other heterocyclic compounds. This code plays a crucial role in classifying and tracking international trade of these specific products. The bound / MFN duty rate, quantity unit, special tariff preference programs, and involvement of specific US states in importing and exporting further highlight the significance of this HS code in the global trade landscape.