HS Code 29350030: An Overview of Sulfamethazine and its Trade
Sulfamethazine, classified under HS Code 29350030, is an important product that plays a significant role in international trade. In this article, we will explore the details of this HS code and provide a comprehensive understanding of its implications.
Product Description: Sulfamethazine is a compound belonging to the sulfonamide antibiotic class. It is commonly used in the veterinary field to treat bacterial infections in animals. Sulfamethazine is known for its effectiveness against a wide range of gram-positive and gram-negative bacteria. It is available in various forms such as tablets, powders, and injectables.
Bound / MFN Duty Rate: The bound or most-favored-nation (MFN) duty rate for HS Code 29350030 is free. This means that every time 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. This duty-free treatment encourages international trade and promotes economic growth.
Quantity Unit: The unit of measurement for Sulfamethazine is kilograms (KG). This unit allows for standardized measurement and facilitates accurate trade transactions.
Special Tariff Preference Programs: HS Code 29350030 benefits from various special tariff preference programs, which provide additional trade advantages. These programs include:
- Generalized System of Preferences (GSP) - Duty-free treatment
- Australia Special Rate
- Bahrain Special Rate
- NAFTA for Canada - Duty-free treatment
- Chile Special Rate
- Caribbean Basin Initiative (CBI)
- Israel Special Rate - Duty-free treatment
- Andean Trade Preference Act (ATPA)
- Jordan Special Rate
- Morocco Special Rate
- NAFTA for Mexico
- Oman Special Rate
- Dominican Republic-Central American Special Rate (DR-CAFTA)
- Peru Special Rate
- Singapore Special Rate
These special rates and initiatives aim to promote trade relations, foster economic cooperation, and provide preferential treatment for specific countries or regions.
Importing US States: Sulfamethazine under HS Code 29350030 is imported by the following US states:
- Delaware
- Iowa
- Missouri
- Nebraska
- Ohio
- Puerto Rico
These states actively contribute to the importation and distribution of Sulfamethazine within the United States.
Exporting US States: Sulfamethazine under HS Code 29350030 is primarily exported by the state of Iowa and Puerto Rico. These states serve as key exporters of this product, supplying it to international markets and contributing to the global trade of Sulfamethazine.
HS Code 29350030 represents Sulfamethazine, a widely used sulfonamide antibiotic in veterinary medicine. Its classification under this code allows for streamlined trade processes, favorable duty rates, and participation in special tariff preference programs. The importation and exportation of Sulfamethazine contribute to the growth of the pharmaceutical and veterinary industries, benefiting both domestic and international markets.
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